Wu Xiaohui, the former chairman of Anbang Insurance Group, has appealed his conviction for fraud and embezzlement, according to his lawyer.
A Shanghai court sentenced Mr Wu to 18 years in early May for issuing issuing false disclosures to regulators and diverting insurance premiums for his personal use. The court also confiscated Rmb10.5bn ($1.6bn) in assets.
Mr Wu denied the charges against him on the first day of his trial but later shifted tone as he asked the court for leniency.
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