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Ex-WPP China Exec Sentenced to Life in $176 Million Bribery Case
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Ex-WPP China Exec Sentenced to Life in $176 Million Bribery Case A former executive of WPP Plc, one of the world’s biggest advertising companies, has been sentenced to life in prison by a Chinese court for taking bribes totaling 1.2 billion yuan ($176 million) with his ex-colleagues, according to people familiar with the matter. Di Fei, former chief investment officer at the Chinese operation of WPP’s GroupM media buying unit, was convicted in March of taking kickbacks from broker firms in...
Ex-WPP China Exec Sentenced to Life in $176 Million Bribery Case
A former executive of WPP Plc, one of the world’s biggest advertising companies, has been sentenced to life in prison by a Chinese court for taking bribes totaling 1.2 billion yuan ($176 million) with his ex-colleagues, according to people familiar with the matter.
Di Fei, former chief investment officer at the Chinese operation of WPP’s GroupM media buying unit, was convicted in March of taking kickbacks from broker firms in exchange for giving them some of WPP’s ad-placing business, the people said, asking not to be identified discussing sensitive matters in a country where access to court documents and hearings is strictly controlled.