Perhaps we should enforce this type of punishment in the US... I think all management fraud will cease and we'll be able to get back to business in no time. It's just too bad that I am vehemently opposed to the death penalty.
Former chairman of Chinese company sentenced to death
By V. Phani Kumar
Last update: 8:35 p.m. EST Feb. 10, 2009
HONG KONG (MarketWatch) -- A Chinese court has handed a death sentence to Li Peiying, a former chairman of Capital Airports Holding Co., for bribery and embezzlement of more than 100 million yuan ($14.6 million), according to a state media report. Li was given the sentence by the Jinan Intermediate People's Court in Shandong province in eastern China, after he was found guilty of seeking or accepting bribes for 26.61 million yuan while he was in office from 1995 to 2003, Xinhua reported. Li also misappropriated 82.5 million yuan from 2000 to 2003, according to the court, the report added.
No comments:
Post a Comment