Ex-Boss of Fast-Food Chain Loses Appeal of Embezzlement Conviction

(Beijing) – The ex-chairman of fast-food chain Kungfu Catering Management Co. Ltd. has lost his appeal in an embezzlement case that sources close to the company say was the result of a dispute involving family members.

The Guangzhou Intermediate People's Court upheld the conviction of Cai Dabiao on June 6. The southern city's Tianhe District Court had sentenced Cai to 14 years in prison on December 13 for misappropriation of funds and embezzlement. He will also have 1 million yuan's worth of personal assets confiscated.