'Runaway beauty' sentenced in scandal

One of the country's highest-profile fugitives - the former general manager of an insurance intermediary who was dubbed the "runaway beauty boss" - was given the death penalty with two years reprieve on Wednesday for illegally raising more than 1 billion yuan ($160 million).

Chen Yi, who controlled Shanghai Fanxin Insurance Agency, also had all of her personal wealth confiscated by the Shanghai No 1 Intermediate People's Court. Her death sentence will be commuted to life in prison if she is credited with good behavior.

Fanxin's former senior consultant Jiang Jie was given a life sentence and had all of his property confiscated.