China Property Tycoon Zhang Li Agrees to US Extradition
Zhang Li in 2017.
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The co-founder of Chinese property developer Guangzhou R&F Properties Co. Ltd. agreed to be extradited from London to the US to face criminal allegations of paying bribes to secure contracts in California.
Li Zhang “consents to extradition to USA on conditional bail,” according to a UK court filing. Zhang, a former government official who rose to lead one of China’s largest real estate firms, was arrested last year at Heathrow Airport on a flight from Singapore.