Maike Metals founder He Jinbi sentenced to life imprisonment for fraud
A court in the city of Xi'an sentenced He Jinbi, founder of the Chinese trading company Maike Metals International, to life imprisonment in a fraud case. According to Bloomberg, the court found that the company's actions created a risk of damage exceeding $1 billion for several Chinese banks. The verdict was not made public, and the businessman has filed an appeal.
Aziz Karimov