Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Anbang chairman pleads for leniency: report

  • John Hewitt Jones 29 March 2018
  • Anbang founder and former chairman Wu Xiaohui made a plea for leniency at the end of a high-profile, one-day trial in Shanghai for alleged economic crime, according to Reuters.

    The Shanghai No.1 Intermediate People's court said Wu had "expressed deep self-reflection, understanding of, and regret for the crimes, and expressed deep remorse for his actions".

    During the hearing yesterday, Wu raised objections during the proceedings, contesting alleged facts and charges, according to multiple reports.

    The Shanghai Court has yet to...

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