Top court announces sentence on retried former electrical appliances tycoon case

SHENZHEN, April 10 (Xinhua) -- The Supreme People's Court (SPC) on Wednesday announced sentence on the retried criminal case involving Gu Chujun, former chairman of refrigerator maker Guangdong Kelon Electrical Holdings.

The SPC revoked the original sentence's convictions of Gu for falsely reporting registered capital, falsifying and withholding information, and changed Gu's sentence to five years in prison for embezzlement.

Gu was arrested in 2005. In 2009, a final court ruling by Guangdong Higher People's Court sentenced him to 10 years in prison. He was also fined 6.8 million yuan (1.01 million U.S. dollars).