China's richest man confirms Wanda has ties to Xi's family

Beijing

CHINESE President Xi Jinping's brother-in-law owned shares in a firm controlled by the country's richest man Wang Jianlin, the businessman confirmed after allegations that political connections helped Wanda Group grow.

The declaration by Mr Wang comes after a sweeping anti-corruption drive under Mr Xi targeted a swathe of prominent cadres and low-level officials. The campaign has seen thousands dismissed from their posts, with some receiving lengthy prison terms, but critics say it has been used to purge Mr Xi's political rivals.