World

Chinese-Canadian Billionaire Sentenced to Prison

today08/19/2022 21

Background
share close

A Shanghai Court has sentenced Chinese-Canadian Billionaire Xiao Jianhua to 13 years in prison.

According to the Shanghai First Intermediate Court, Xiao and his Tomorrow Holdings were charged with illegally absorbing public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery.

The Court, however, fined Xiao $954,655 for the crimes.

Written by: Helen Obih

Rate it

Previous post

News

PenCom Exempts Retirees Earning Below N10,000 From Pensions

The National Pension Commission has said Retirees who are entitled to less than N10, 000 monthly pension at retirement can take the total money in their Retirement Savings Accounts. Head, Benefits & Insurance Department of PenCom, Obiora Ibeziako, disclosed this during an event in Lagos State. Ibeziako said the Commission reviewed its regulation on payment to retirees which allowed retirees with less than N550, 000 at retirement to withdraw all […]

today08/19/2022 27

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

0%
Our customer support team is here to answer your questions.
error: Alert: Content is protected !!