China Everbright Group's Former Chairman Sentenced

BEIJING (Reuters) – Tang Shuangning, the former chairman of China Everbright Group, has been sentenced to 12 years in prison. The sentence was handed down for charges of corruption, bribery, and abuse of position for personal gains, according to state broadcaster CCTV on Tuesday.

Tang was arrested in January under suspicion of taking bribes as part of a crackdown on corrupt officials within the financial sector.