China sentences Anbang's ex-boss to 18 years in jail

(Reuters) - The former chairman of China's Anbang Insurance Group Co Ltd has been found guilty of fraud and embezzlement and sentenced to 18 years in prison, three months after the state seized control of an insurer famed for buying New York's Waldorf Astoria hotel.

from Reuters: Business News https://ift.tt/2Ia5mUm