Former tycoon has death sentence commuted

Former tycoon Wu Ying, who was convicted in 2012 of investment fraud, had her death sentence with a two-year reprieve commuted to life in prison by Zhejiang High People's Court on Friday.

The commutation came after Wu had already served two years in prison with good behavior. Wu Yongzheng, her father, said he will refile an appeal to get his daughter acquitted.

"The commutation did not come as a surprise. I still hold the belief that my daughter is innocent, and I will keep appealing the court for an acquittal," he said.