HOME    NEWS    SPECIAL REPORT    PHOTO    DATING    HOTEL
NEWS > Mainland
Former bank official sentenced to life in prison
2005-01-23 00:21:05 XinhuaEnglish

GUANGZHOU, Jan. 22(Xinhuanet)-- Liu Guangyi, former director of Jiuzhou branch of the China Construction Bank in Zhuhai of south China's Guangdong Province, was sentenced to life in prison on Saturday for embezzlement of 110 million yuan.

From 1996 to 1998, Liu illegally took 826,000 yuan(99,518 US dollars) by manipulating interests, when serving as a clerk at Gongbei sub-branch of Zhuhai munici
pal branch, according to Zhuhai City Intermediate People's Court.

After he was appointed president of Jiuzhou sub-branch in April2003, Liu abused his post and embezzled 10 million yuan(1.20 million US dollars) and another local company's 100 million yuan(12.05 million US dollars) of deposits, according to the court.

MORE NEWS
More efforts urged to crack down on illegal publications in 2005  
5 Chinese students shortlisted for Young Inventors Awards 2004  
Chinese embassies trying to contact eight freed hostages  
Winter power shortage causes blackouts nationwide  
Chinese vice president leaves for five-nation tour  
Shanghai shows new governance style  
Chinese embassy: Eight hostages freed in Iraq  
Chinese vice president leaves for five-nation tour  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsúČor find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright© 2004 SINA.com. All Rights Reserved