China jails Canadian tycoon for 13 years for finance crimes

BEIJING - A Chinese-born Canadianwho disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined $8.1 billion, a court announced.

That suggested Xiao might have entered the mainland using a Chinese travel document instead of his Canadian passport. Beijing has in other cases refused diplomats access to citizens of their countries who entered using Chinese identity documents.does not recognize Chinese citizens with dual nationality. Xiao Jianhua has Chinese nationality,” Wang said. “He does not enjoy the right to consular protection of other countries.

Since then, Beijing has tightened control over Hong Kong, prompting complaints it is violating the autonomy promised when the territory returned toin 1997. The Communist Party imposed a national security law in Hong Kong in 2020 and has imprisoned pro-democracy activists.

Canada the land of money laundering

I'm glad they did. He must be a crook.

One greedy mofo got busted

He became tycoon by scamming people...

Not a Canadian

He should have never went back to China. Canada would have given him a one year sentence.

Where is he?

Canada needs to stay out of it.

I heard Canada is planning to visit Taiwan soon. I wonder if they are related.

He disappeared in HK, a Chinese city. That’s always a risk, for people of whatever citizenship.

what country was this born in and what country does he have citizenship in?

“china does not recognize dual citizenship” except when its convenient like Eileen Gu

Oh well.😎😎😎

And Canada has no issue or any question when such illicit money is transferred to Canada using offshore companies without the visibility of beneficiary owner

Bye Felicia

Shoulda sold his Vancouver mansion ...🤷‍♂️

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China jails Canadian tycoon for 13 years for finance crimesA Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined US$8.1 billion, a court announced. Need to start doing that here.
Source: CTVNews - 🏆 1. / 99 Read more »

China jails Canadian tycoon for 13 years for finance crimesXiao Jianhua was last seen at a Hong Kong hotel in January 2017. At the time of his disappearance, he was worth nearly $6 billion
Source: OttawaCitizen - 🏆 21. / 68 Read more »

China jails Canadian tycoon for 13 years for finance crimesBEIJING — A Chinese\u002Dborn Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion\u002Ddollar string of… Admire that Justin!
Source: TheTorontoSun - 🏆 23. / 68 Read more »