Jianlibao Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
Li Jingwei conviction
Li Jingwei was sentenced to 15 years for embezzlement, with personal property confiscated according to the cited reference.
2008
Former Chairman Zhang Hai's Final Appeal Sentence Reduced to 10 Years for Embezzlement and Misappropriation of Funds
In September 2008, the Guangdong High People's Court reduced the sentence of Zhang Hai, former chairman of Jianlibao Group, from 15 years at first instance to 10 years on final appeal. The case involved embezzlement and misappropriation of Jianlibao funds; the first-instance court found that he had embezzled more than 120.7 million yuan and misappropriated more than 86.44 million yuan.
2007
Zhang Hai conviction
Former chairman and president Zhang Hai was sentenced to 15 years for embezzlement and misappropriation of funds. The reference states that the sentence was reduced to 10 years on appeal in 2008.
2005
Debt and management crisis
Poor management and strong competition were associated with a deterioration in Jianlibao Group’s position. By 2005, the company was reported to have total debt exceeding 1 billion renminbi.