BEIJING (Reuters) - The former chairman of China's Anbang Insurance Group Co [ANBANG.UL], Wu Xiaohui, has lodged an appeal against his conviction for fraud and embezzlement that led to a sentence of 18 years in prison, his lawyers said.
While not unknown, it is unusual for convicted suspects in high-profile cases in China to appeal. The news comes on the same day that China's top court, in a rare reversal, declared the founder of retailer Wumart innocent, overturning a decade-old conviction for fraud and bribery.
