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China

The People's Daily reported that a former employee...

The People's Daily reported that a former employee in Air China's finance department was sentenced to death for embezzling 24

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The People's Daily reported that a former employee in Air China's finance department was sentenced to death for embezzling 24.3 million yuan. Zhang Ning, embezzled the funds from the state-owned airline between 1992 and 1995, and used 2 million Chinese Yuan in company funds for his own businesses, the report said. The death sentence, initially passed by the Beijing No. 2 Intermediate People's Court, was upheld after Zhang's appeal and was approved by the Supreme People's Court.
SOURCES
  • (Sources: Dow Jones International News, 28/08/2002)