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Former Kangmei Pharmaceutical chairman sentenced to jail -state media -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: At a Beijing trade fair, people are seen at Kangmei Pharmaceutical Co booth on May 31, 2018. Picture taken May 31, 2018. REUTERS/Stringer

SHANGHAI, (Reuters) – Former chairman of Kangmei Pharmaceutical Co Ltd Ma Xingtian has been sentenced for 12 years in prison, according to state news agency Xinhua.

Ma was sentenced in connection with manipulating stocks, failure to disclose information or offering bribes.

Xinhua reported that Xu Dongjin (ex-Vice Chairman) and 10 related individuals were sentenced as well to imprisonment.

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