French court confiscates 9 chateaux from Chinese magnate

Paris (AFP) May 15, 2024

A French court ruled Wednesday to confiscate nine Bordeaux wine country chateaux acquired by Chinese magnate convicted of laundering Chinese government funds. Naijie Qu, 63, head of the Haichang Group based northeastern Chinese port city of Dalian, was also sentenced to a suspended three-year jail term and fined one million euros ($1.1 million). The fine was 400,000 euros more than reque