Hu Jintao

Executives linked to fallen Chinese presidential aide jailed

A group of Chinese executives linked to an imprisoned former presidential aide who was brought down by a fatal Ferrari crash were convicted Friday of insider trading and other offenses.

The former chairman, chief executive and 10 other executives of Founder Group, a conglomerate with interests in technology, real estate and finance, were convicted by a court in the northeastern city of Dalian. The former CEO, Li You, was sentenced to 4 ½ years in prison and fined 750 million yuan ($110 million). Penalties for the others were not announced.

Another court said last year Founder made payments to Ling Jihua, a former chief of staff to President Hu Jintao who was sentenced...

42°