People’s Daily recently reported that the Hurun Research Institute’s latest China Regal Special Report shows that 34 top ranking tycoons have been jailed in the past 15 years. For the past 15 years, the Hurun Institute has released an annual list of the Top 100 Richest People in China. The 34 jailed tycoons all made it to the Hurun Top 100 list. According to Hurun, the primary crime for which they were jailed is bribery. This is the third time Hurun has released its Special Report. Out of the 34 tycoons, 20 are in prison, seven have already been released from prison, and another seven have not yet been sentenced. The Hurun Research Institute’s Special Report has long been regarded as “the pig slaughter” in China because the Report brings the surprisingly wealthy people into the public spotlight. It also offers a good starting point for the authorities to begin their investigations.
Source: People’s Daily, April 26, 2014
http://finance.people.com.cn/n/2014/0426/c1004-24945208-2.html