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Wednesday, December 9, 2009

Embezzler executed in China. for embezzling millions of dollars from his employers..

Embezzler executed in China for embezzling millions of dollars from his employers...

Yang Yanming, a general manager at the Great Wall Trust and Investment Corporation embezzled 65 million yuan (NZ$13.3 million) from his employers and will pay the ultimate price for his crime. The executive officer is the first person from the country's financial sector to be executed, state media reported recently.

The late Yang Yanming was employed by the Corporation from 1997 to 2003, and refused to say where the money went; the suggestion is that he was part of a conspiracy and was executed as an example to other embezzlers in China.

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