💨 Abstract

A Chinese court sentenced Zhao Weiguo, former chairman of semiconductor firm Tsinghua Unigroup, to a suspended death sentence with a two-year reprieve for corruption and embezzlement. If he commits no further crimes, his sentence will be commuted to life imprisonment. Zhao was also fined 12 million yuan. Under Zhao's leadership, Tsinghua Unigroup made poor investments, leading to defaults and near-bankruptcy.

Courtesy: theprint.in