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China seeks jailed former tycoon who fled country

Published on Feb 24, 2014 7:23 PM

BEIJING (REUTERS) - Chinese authorities are looking for a former drinks tycoon who bribed his way out of jail and fled the country after being sentenced to 15 years in prison for embezzling millions of dollars in public funds, state media said on Monday.

Zhang Hai, former president and chief executive of the sports drink maker Jianlibao Group, was found guilty of misappropriating 206 million yuan (S$43 million) in 2007.

But through bribery and the fabrication of documents to prove his good behaviour, Zhang was released in 2011 and promptly went overseas with his girlfriend Huang Lu, the official Xinhua news agency reported.

"Related departments are now trying to arrest and extradite Zhang and Huang," Xinhua said, citing a statement from the state prosecutor's office, without saying which country they are suspected of having gone to.

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