Anbang Insurance chairman Wu Xiaohui had assets of $US1.65 billion ($2.2 billion) confiscated after a Shanghai court found he had defrauded China’s second-largest insurance company of 65.2 billion Chinese yuan ($13 billion), and illegally misappropriated 10 billion yuan in insurance premiums.

https://www.smh.com.au/world/asia/insurance-giant-chairman-jailed-for-18-years-in-china-for-fraud-20180510-p4zeig.html