Sitting for more than a year Chinese billionaire may soon be brought to justice

© RIA Novosti / Ilya Petliurite in fotobanka — headquarters Central Chinese television CCTV in Beijing. Archival photoSitting for more than a year Chinese billionaire may soon be brought to justice© RIA Novosti / Ilya Petliurite the image Bank

The trial against the founder of Tomorrow Group, Xiao Jianhua, a case which is called one of the most dramatic and entangled in the struggle of the Chinese authorities with the obstinate Chinese tycoons may soon begin publication reports the South China Morning Post, citing sources.

The billionaire was detained in January 2017 in their room at The Four Seasons hotel in Hong Kong and exported to the territory of mainland China. The charges he was not charged, but most likely, there will be two in the machinations on the stock exchange and bribery, the newspaper notes. As a sign of proximity to the beginning of the process it calls a preliminary meeting, which was held earlier in September.

According to the criminal law of the PRC, the maximum penalty for fraud on the stock exchange is 10 years in prison for bribery, rely to five years. One of the sources South China Morning Post reported that the mood Xiao Jianhua to cooperate is one of the reasons why he was unable to give a relatively lenient punishment.

According to the newspaper, at the time of the conclusion of the billionaire lost about 20 pounds.