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China property tycoon gets 16 years
Fri, Nov 30, 2007
Reuters

>SHANGHAI - A CHINESE court sentenced disgraced Shanghai property tycoon Zhou Zhengyi to 16 years in prison on Friday for corruption, sealing the downfall of the former snack-shop owner who rose to become one of China's richest men, his lawyer said.

Zhou, who only a year ago completed a three-year jail term for stock market fraud and falsifying documents, was found guilty of misappropriation of funds, bribery and forging VAT receipts. -- REUTERS

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