Lecron Industrial Development Recoups 2.6 Million Yuan in Fraud Case Compensation

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2025.05.16 08:30
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Lecron Industrial Development Group received 2.6 million yuan in court-ordered restitution from a 2022 contract fraud case involving five convicted executives. The payment follows final judgments against former officers, including life imprisonment and confiscation of all personal property for Kong Gang as well as 15-year sentence and 2-million-yuan fine for Gao Shengning, according to a Friday filing with the Shenzhen bourse.