Officials of the Wuhan Intermediate People's Court reported that on May 28, the Wuhan Intermediate People's Court of Hubei Province handed down a public verdict in the first instance in the case of contract fraud, loan fraud, illegal loan issuance, bribery by non-state workers, bribery of non-state workers, embezzlement of positions, and counterfeiting of registered trademarks in the first instance of Wuhan Jinhuang Jewelry Co., Ltd., Wuhan Jinhuang Industrial Group Co., Ltd., Hefei Boyin Investment Consulting Co., Ltd., and Jia Zhihong. Defendant Jia Zhihong was convicted of contract fraud, bribery of non-state workers, and bribery of non-state workers. He was also sentenced to life imprisonment, confiscation of all personal assets, and deprivation of political rights for life. The other defendants were each sentenced to fixed-term prison sentences ranging from 3 years 2 months to 12 years and corresponding property sentences. The defendant units, Wuhan Jinhuang Jewelry Co., Ltd., Wuhan Jinhuang Industrial Group Co., Ltd., and Hefei Boyin Investment Consulting Co., Ltd. were fined accordingly.
金凰集团合同诈骗案一审宣判
First instance verdict handed down in Jinhuang Group contract fraud case
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