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— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News

A court in Beijing Tuesday gave Chinese property tycoon Ren Zhiqiang, who once referred to China’s top leader, Xi Jinping, as a “clown,” an 18-year prison sentence and a fine of $620,000 after finding him guilty of corruption, bribery, embezzlement of public funds and abuse of power as an executive of a state-owned enterprise.

Some Chinese dissidents called the verdict “shameless” and a “political persecution” while observers, with whom VOA spoke, said the ruling aims to silence dissidents and members in the Chinese Communist Party (CCP) who are critical of Xi – a sign that also underscores the lack of confidence in his rule.

“This is an example to show that there’s an undercurrent in the party opposing Xi Jinping. And Xi Jinping is trying to do anything [he can] to suppress, to prevent those, who oppose him, from coming together,” Yang Jianli, a Chinese dissident who now lives in the U.S. and is president of Citizen Power Initiatives for China, told VOA before the ruling.



Source: Chinese Property Tycoon Ren Zhiqiang Sentenced to 18-Year in Corruption Case | Voice of America – English

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