The former president of a large state-owned enterprise...

The former president of a large state-owned enterprise based in Guangdong, Chen Shewei, has been executed and two of his accomplices, Wen Haijiao and Tan Baijiao, given hefty jail terms for their roles in embezzling millions of yuan in public funds.
As president of the Jiangmen City Fengjiang Construction Group, Chen Shewei, used his position to embezzle 8.2 million yuan of the company's money between March 1993 and April 1998.Chen reportedly used the funds he siphoned to finance gambling excursions to Macau, pay back personal debts, bribe other officials and live a life of luxury. The Jiangmen City Procurator alleged that faced with hefty gambling debts, Chen would also request loans from company officers and fired those who refused to help him.