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Former Shanghai insurer head given death sentence with reprieve

THE former head of an Shanghai insurance agency was sentenced to death with a two-year reprieve this morning for an insurance commission fraud.

Chen Yi, 35, former managing director of Shanghai Fanxin Insurance Agency, and her boyfriend and accomplice, Jiang Jie, 49, were accused of causing over 800 million yuan in losses to the company’s clients in the case involving more than 1.3 billion yuan worth of wealth management contracts.

Jiang was sentenced to life imprisonment, the Shanghai No. 1 Intermediate People's Court heard.

The duo fled to Fiji in July, 2013, and were caught less than a month later.


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