China sentenced an influential former property executive who once referred to President Xi Jinping as a 'clown' to 18 years in prison for graft, a court said on Tuesday.
BEIJING - China sentenced an influential former property executive who once referred to President Xi Jinping as a “clown” to 18 years in prison for graft, a court said on Tuesday.Ren Zhiqiang, the former chairman of Huayuan, a state-owned real estate group, was also fined 4.2 million yuan , Beijing No. 2 Intermediate Court said on its website.
Ren also abused his position which led to state-owned companies suffering a loss of 117 million yuan while he profited 19.41 million yuan, the notice said. Ren was detained in March after referring to Xi as a clown over a speech he made in February about government efforts to battle the coronavirus. Beijing’s municipal anti-corruption watchdog later said he was under investigation for a “serious disciplinary violation”.
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