\nFrom AFP:\n<\/p>\n
\nThe man who helped bring Formula One racing to China was sentenced on Thursday to four years in jail, the latest casualty of a massive Shanghai corruption scandal, state press and a court official said.<\/p>\n
Yu Zhifei<\/a>, 55, was sentenced after being found guilty of embezzling 1.05 million yuan (around 140,000 dollars) in public funds as part of a scheme to buy a home at a reduced price, the Caijing business magazine said<\/a>.<\/p>\n
Yu also was fined 300,000 yuan, according to the verdict announced by the Intermediate People’s Court in Wuhu<\/a> city in the eastern province of Anhui<\/a>, it said in a report on its website. [Full Text]<\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
From AFP: The man who helped bring Formula One racing to China was sentenced on Thursday to four years in jail, the latest casualty of a massive Shanghai corruption scandal, state press and a court official said. Yu Zhifei, 55, was sentenced after being found guilty of embezzling 1.05 million yuan (around 140,000 dollars) in […]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[10],"tags":[344,3837,3918],"class_list":["post-16360","post","type-post","status-publish","format-standard","hentry","category-law","tag-f1","tag-pension-fund-scandal","tag-yu-zhifei","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n
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