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China jails former internet regulator for 14 years over graft [Reuters]

Meta Platforms, Inc. - Class A (FB)  More Company Research Source: Reuters
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
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China jails former internet regulator for 14 years over graft | Reuters 3 Min Read BEIJING (Reuters) - A Chinese court on Tuesday jailed the former chief internet regulator, Lu Wei, for 14 years, having found the once influential official guilty of taking bribes worth almost $5 million. Lu, one of numerous senior officials caught up in President Xi Jinping’s sweeping anti-graft campaign, had already been expelled from the ruling Communist Party, which tightly controls the courts. At the height of his influence, Lu, a colorful and often brash official by Chinese standards, was seen as emblematic of pervasive internet controls, although his downfall has not brought a reversal of those policies. The court, in the eastern city of Ningbo, said in a statement that Lu had accepted the verdict and would not appeal. Lu, 59, pleaded guilty in October after prosecutors had accused him of abusing his power in various government posts over 15 years, including as the head of the Cyberspace Administ [Read more]

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China jails former internet regulator for 14 years over graft [Reuters]

Meta Platforms, Inc. - Class A  (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
China jails former internet regulator for 14 years over graft | Reuters 3 Min Read BEIJING (Reuters) - A Chinese court on Tuesday jailed the former chief internet regulator, Lu Wei, for 14 years, having found the once influential official guilty of taking bribes worth almost $5 million. Lu, one of numerous senior officials caught up in President Xi Jinping’s sweeping anti-graft campaign, had already been expelled from the ruling Communist Party, which tightly controls the courts. At the height of his influence, Lu, a colorful and often brash official by Chinese standards, was seen as emblematic of pervasive internet controls, although his downfall has not brought a reversal of those policies. The court, in the eastern city of Ningbo, said in a statement that Lu had accepted the verdict and would not appeal. Lu, 59, pleaded guilty in October after prosecutors had accused him of abusing his power in various government posts over 15 years, including as the head of the Cyberspace Administ [Read more]

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