Zhang Li is the co-founder of Chinese property developer Guangzhou R&F Properties Co. Ltd.,  one of China’s largest real estate firms. Photo: Shutterstock
Zhang Li is the co-founder of Chinese property developer Guangzhou R&F Properties Co. Ltd., one of China’s largest real estate firms. Photo: Shutterstock

Billionaire Chinese developer Zhang Li arrested over US bribery charge

  • The Guangzhou R&F Properties co-founder was detained in London and is fighting extradition to the US to face accusations of paying kickbacks to secure contracts
  • Zhang, a former government official, was granted a record US$18.4 million bail, and will be confined 24 hours a day to a 43rd-floor apartment in the UK capital

Zhang Li is the co-founder of Chinese property developer Guangzhou R&F Properties Co. Ltd.,  one of China’s largest real estate firms. Photo: Shutterstock
Zhang Li is the co-founder of Chinese property developer Guangzhou R&F Properties Co. Ltd., one of China’s largest real estate firms. Photo: Shutterstock
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