Extradited Chinese Billionaire Appears in US Court, Admits to Bribing San Francisco Official
SAN FRANCISCO—Chinese billionaire Zhang Li, who was extradited from London, appeared in the U.S. District Court on the night of July 18 and faces charges of bribing a top San Francisco public official, according to the U.S. Attorney’s Office, Northern District of California.
According to an information filed on July 18, Mr. Zhang, 70, was charged with one count of conspiracy to commit honest services fraud.
Mr. Zhang has admitted to the bribing accusation and entered a deferred prosecution agreement with the U.S. Attorney’s Office, according to an announcement from Northern California U.S. Attorney Ismail Ramsey’s office….