Source: CCTV.com

01-22-2007 14:39

Former Shanghai property tycoon Zhou Zhengyi is once again under arrest for bribery and tax evasion.

Zhou, once regarded as China's 11th richest man, was released from prison in May after completing a 3-year sentence for stock market fraud and falsifying documents.

Zhou was once majority shareholder of Hong Kong listed Shanghai Land Holdings and Shanghai Merchants Holdings. The current case is still under investigation.

 

Editor:Du Xiaodan