On March 7, the Supreme People's Court upheld death...

On March 7, the Supreme People's Court upheld death sentences for 2 Zhejiang farmers, Hu Yinfeng and Lu Huaming. They were executed the same day. Hu, a resident of Yongkang city, was convicted of establishing 7 sham companies between June 1995 and December 1996. He issued over 6,000 counterfeit VAT invoices worth over 640 million yuan ($77 million) and fraudulently obtained over 89 million yuan ($39 million). Lu, also from Yongkang, was convicted of opening a factory and 3 sham companies between June 1995 and May 1996. He issued over 2,300 counterfeit VAT invoices worth 1.8 million yuan ($217,000) and engaged in fraud to amass over 26 million yuan ($3.15 million).