Chinese Property Tycoon Zhou Zhengyi Faces New Charges – People’s Daily Online
From People’s Daily Online:
The Shanghai Municipal People’s Procuratorate has charged property tycoon Zhou Zhengyi with misappropriation of funds, bribery and forging VAT receipts, a procuratorate source said on Friday.
Zhou, former president of Shanghai-based property firm Nongkai Development Group, was released from prison in May 2006 after completing a three-year sentence for fraud and manipulating the stock market. But five months later, in October, Zhou was detained as prosecutors investigated the Shanghai social security fund scandal . [Full Text]
Click here to see more about Zhou Zhengyi’s case from CDT.