Chinese insurer Anbang’s former chairman Wu Xiaohui jailed 18 years for fraud

May 10, 2018 11:02 AM

SHANGHAI (AFP) – A Chinese court sentenced the former head of troubled Anbang Insurance Group to 18 years in prison on Thursday (May 10) for fraud and corruption, Xinhua news agency said, following accusations of stealing more than US$10 billion (S$13.5 billion).

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