Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery, the Shanghai First Intermediate Court said.
The court said that from 2004, Xiao and Tomorrow controlled multiple financial institutions and internet financial platforms, including the failed Baoshang Bank, via multiple layers of indirect shareholders and anonymous ownership.
The teen, named Ian, was diagnosed with osteosarcoma - a type of bone cancer - in 2019. After undergoing surgery and months of chemotherapy, his family rejoiced when they learned that he was cancer free.
The requests come more than a week after a Columbus man was shot dead in a standoff with police after he tried to breach an FBI building in Ohio. Last week the FBI and U.S Department of Homeland Security alerted law enforcement agencies of an increase in threats.
China-born Xiao, known to have links to China's Communist Party elite, was last seen whisked away in a wheelchair from a luxury Hong Kong hotel in the early hours with his head covered, a source close to the tycoon told Reuters at the time.
Among the nine firms were four insurers - Tianan Property Insurance Co of China, Huaxia Life Insurance Co, Tianan Life Insurance Co and Yi'an P&C Insurance Co - as well as New Times Trust Co and New China Trust Co.
Democratic lawmakers on Friday asked social media platforms to turn over data regarding an increase in online threats aimed at law enforcement following a search of former President Donald Trump's Florida home and asked how they planned to respond. Aug 19 (Reuters) - U.S.
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BEIJING, Aug 19 (Reuters) - A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China.
He chooses only to live for others until the moment he takes his very last breath.' 'While he says he is sad, he also admits he's OK with dying,' he wrote. 'The truth is that Ian refuses to live for himself.
On Friday, President Julius Maada Bio -- who had cut short a vacation to the United Kingdom -- blamed the demonstrations on opposition parties, buy backlinks claiming that his political rivals had attempted to overthrow his government in a "premeditated" ins
Bio, a general turned politician who was elected in 2018, specifically pinpointed the APC, his party's main political rival and the country's former ruling party, as well as People's Power In Politics (PPP), a press
From 2001 to 2021, Xiao and Tomorrow gave shares, real estate, cash and other assets to government officials totalling more than 680 million yuan, to evade financial supervision and seek illegitimate benefits, the court said.
A gut-wrenching image that shows a 15-year-old boy who is suffering from terminal cancer comfort his sobbing brother after telling him that his life is going to end soon has left many people on the internet in tears.
Asked about Xiao's right to consular access as a Canadian citizen at a Friday briefing, Chinese foreign ministry spokesperson Wang Wenbin said Xiao was not entitled to such rights as Chinese law did not recognise dual nationality.
Jake Freeman, a mathematics and economics student at the University of Southern California, bought around 5m shares in American homeware retailer Bed, Bath & Beyond in July after its value plummeted after a dismal set of results and the ousting of its chief executive.
The recent violence "provided a clear indication that there has been an erosion in the gains made in strengthening reconciliation, social cohesion and peacebuilding in post-war Sierra Leone", said Chernor Maju Bah, the leader of the All People's Congress (A
national security information. Agents removed 11 sets of classified records from the resort in Palm Beach, including some labeled "top secret" for the most sensitive U.S. (Reporting by Tyler Clifford in New York Editing by Tomasz Janowski)
The FBI has been the subject of online threats since its agents searched Trump's Mar-a-Lago estate last week as part of an investigation into documents removed from the White House when Trump left office in January 2021.
House Oversight Committee Chairwoman Carolyn Maloney and Stephen Lynch, Chairman of the Subcommittee on National Security, urged chief executives to act fast in letters addressed to eight internet companies, including Facebook-parent Meta Platforms Inc., Twitter Inc.