Saturday, December 1, 2012

Jailed billionaire wins property sales dispute





A Zhejiang court has ruled in favour of Wu Ying, a self-made billionaire convicted of defrauding investors in a 770 million yuan (HK$950.38 million) scheme, in relation to the unauthorised sale of some of her properties. The victory in the civil case is likely to help her repay the money owed to depositors.









via Business feed http://www.scmp.com/business/china-business/article/1094799/jailed-billionaire-wins-property-sales-dispute

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