A farmer from central China's Hubei Province was sentenced...
A farmer from central China's Hubei Province was sentenced to death for acquiring 47
A farmer from central China's Hubei Province was sentenced to death for acquiring 47.73m yuan (some 5.75m US dollars) from local banks through forged bank transfers.
According to the Beijing No. 1 Intermediate People's Court, Huang Mingxi, 39, and his accomplices conned several Beijing-based companies into depositing 56.16m yuan (6.77m US dollars) in banks by promising higher interest rates from December 1996 to December 1999.
Huang paid the companies 7.6668m yuan (923,700 US dollars) of interest but gained by cheating the rest of the capital, which counted for 47.73m yuan.
Shi Hongjun, a bank teller, and Jiang Hualing, a bank employee, who helped Huang in his scam were sentenced to life imprisonment and were deprived of political rights for life and all of their property.
According to the Beijing No. 1 Intermediate People's Court, Huang Mingxi, 39, and his accomplices conned several Beijing-based companies into depositing 56.16m yuan (6.77m US dollars) in banks by promising higher interest rates from December 1996 to December 1999.
Huang paid the companies 7.6668m yuan (923,700 US dollars) of interest but gained by cheating the rest of the capital, which counted for 47.73m yuan.
Shi Hongjun, a bank teller, and Jiang Hualing, a bank employee, who helped Huang in his scam were sentenced to life imprisonment and were deprived of political rights for life and all of their property.
— SOURCES
- (Sources: Xinhua monitored by BBC, 25/10/2001)