Tycoon’s death penalty reduced to 25 years


Beijing: Wu Ying, a former business tycoon, had her suspended death sentence reduced to 25 years in prison at a local court in Zhejiang province.

Wu, 37, previously the owner of Zhejiang-based Bense Holding Group and once one of China’s richest women, was sentenced to death in 2009 for illegal fundraising.

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