13 jailed for illegal fundraising in China
As many as 13 people were jailed here Wednesday for illegally raising funds totalling 2.6 billion yuan (about 422 million dollars).
They received jail terms between 2.5 and 10 years after a Beijing court found that these individuals collected money from over 40,000 people, Xinhua reported. They were also slapped with fines ranging from 100,000 to 500,000 yuan.
From December 2009 to May 2012, Zhu Zijun and 12 others cheated the public to buy "franchise qualification" in their dummy company, a court statement said.
The collection of funds from the public by unqualified entities is explicitly prohibited by Chinese law.
(Posted on 07-08-2014)
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
MORE MAPS OF INDIA:
INDIA CITY MAPS:
KERALA TRAVEL MAPS: