Chinese Billionaire Faces Extradition to US for Allegedly Bribing San Francisco Officials
A Chinese real estate mogul is battling extradition to the United States from the UK for his alleged role in bribing San Francisco city officials.
Zhang Li, billionaire co-founder and CEO of Guangzhou-based R&F Properties, is wanted in California for allegedly bribing public officials between 2015 and 2020. Zhang is accused of paying kickbacks to government employees to obtain permits for a major construction project in San Francisco.
The 69-year-old mogul was arrested for extradition in London on Nov. 30. At a court hearing on Dec. 12, Judge John Zani granted Zhang a record-breaking $18.4 million bail ahead of the extradition proceedings. Zhang didn’t attend the hearing, appearing through his lawyer….