Court upholds entrepreneur's sentence
By Yu Ran | chinadaily.com.cn | Updated: 2013-06-18 15:51
Zheng Zhuju, the former fugitive entrepreneur, already convicted of illegal fundraising, failed to get a sentence reduction at another trial.
Zheng was previously convicted of illegal fundraising in Wenzhou involving 820 million yuan ($133 million).
He was again sentenced to 19 years in jail at the second hearing, according to the Wenzhou Intermediate People's Court, Xinhua News Agency reported.
The case triggered a credit crisis in Wenzhou, Zhejiang province, in 2011.
The verdict in the second trial is the same as in the first trial, the report said.
