Life sentence for former tycoon reduced to 25 years

A former Chinese tycoon had a life imprisonment sentence for illegal fund-raising reduced to 25 years in prison by a court in East China’s Zhejiang province on Friday.

Wu Ying, from Zhejiang, was initially sentenced to death in 2009. Her sentence was reduced to death with a two-year reprieve following a retrial in May 2012.

She had her death sentence commuted to life imprisonment at a trial in the province in 2014.