Orchid Magnate Gets 18 Years in Prison
From Times Wire Reports
A court in Shenyang has sentenced a fallen flower baron once listed as the country’s second-richest man to 18 years in prison for commercial crimes, in a case underscoring the precarious position of China’s entrepreneurial elite.
Orchid grower Yang Bin, 40, had been charged with attempted bribery, fraudulent schemes and contracts, and occupying farmland illegally. In 2001, Forbes magazine put his estimated fortune at $900 million.
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