Hands Off Cain
NEWS ARCHIVE·DEATH PENALTY·DECEMBER 21, 2001
China

A salesman who channelled millions of yuan into phony...

A salesman who channelled millions of yuan into phony bank accounts was recently sentenced to death by the Intermediate People's Court of Changchun City in northeast China's Jilin Province

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A salesman who channelled millions of yuan into phony bank accounts was recently sentenced to death by the Intermediate People's Court of Changchun City in northeast China's Jilin Province.
According to the court, Meng Wei plotted to swindle a huge sum of money from a local insurance company in collusion with Lu Mang, manager of a labor service company under the Changchun Branch of the Bank of China in May 1997, when he was working as a salesman for the Hansen Chemical Product Factory.
By forging checks for transfer and making official seals without authorization, the two men illegally deposited a total of 23.17 million yuan into sub-branches of the Bank of China by the Kuancheng Insurance Company on four occasions. Meng got 6.22 million yuan while Lu Mang took more than 10 million yuan.
The pair also offered huge bribes to bank and insurance clerks.
Police arrested Lu in April 1998, and Meng was caught later with Lu's assistance. Lu was sentenced to death with two year's probation for good behaviour.
SOURCES
  • (Sources: Xinhua, 21/12/2001)