China court rejects Anbang's jailed ex-chairman appeal


A Chinese court has rejected an appeal by Anbang Insurance Group’s former chairman Wu Xiaohui against a conviction for fundraising fraud and embezzlement that led to an 18-year jail sentence and confiscation of ¥10.5 billion ($1.52 billion), according to an Aug. 16 Reuters report.

Anbang Insurance Group, Lawsuit, Insurance, Wu Xiaohui, China, Asia Pacific

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