Key figure in fund scandal gets 19 yrs
China Daily | Updated: 2008-04-08 07:34
SHANGHAI: Zhang Rongkun, a major player in Shanghai's social security fund scandal, was sentenced to 19 years in prison yesterday at Songyuan Intermediate People's Court in northern Jilin province, Caijing magazine said on its website.
Zhang said he will appeal.
The 39-year-old was convicted of giving government employees more than 29 million yuan ($4.1 million) to acquire profits for his two companies: Feidian Investment Co Ltd and Fuxi Investment Co Ltd.
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