国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / China

Former tycoon has death sentence commuted

By Yan Yiqi in Hangzhou | China Daily | Updated: 2014-07-12 07:04

Former tycoon Wu Ying, who was convicted in 2012 of investment fraud, had her death sentence with a two-year reprieve commuted to life in prison by Zhejiang High People's Court on Friday.

The commutation came after Wu had already served two years in prison with good behavior. Wu Yongzheng, her father, said he will refile an appeal to get his daughter acquitted.

"The commutation did not come as a surprise. I still hold the belief that my daughter is innocent, and I will keep appealing the court for an acquittal," he said.

"It will be a very long and difficult time for us, but we insist that we have justice."

He first filed an appeal for an acquittal in February 2013 but said he has yet to hear a response.

Wu Ying, 33, who is the owner of Zhejiang-based Bense Holding Group and was once one of China's richest women, was found guilty of illegally raising 770 million yuan ($123 million) from 11 investors from 2003 to 2005 and cheating them out of 380 million yuan by offering high returns on their investments.

She reportedly spent the money on a lavish lifestyle, according to the court's verdict that found her guilty in May 2012.

Wu Yongzheng said the court underestimated his daughter's assets and her ability to pay off her debts.

"As far as I know, her current assets are totally capable of paying off the investors. The court cannot rule that she is incapable of paying them back," Wu Yongzheng said.

Wu Ying's lawyer, Zhu Jianwei, urged the court to respond to the appeal and clarify Wu Ying's total assets.

"Normally, when an appeal is made, the court should respond within three to six months. A year has passed, and we have not heard a thing from them. They should also give us a clear value of her assets," he said.

According to the Supreme People's Court, an individual who illegally raises capital of more than a million yuan will face charges of fundraising fraud. They often face sentences of life imprisonment or death.

Wu Ying was originally sentenced to death in January 2012, but the Supreme People's Court rejected her death sentence. Her sentence was reduced to a death sentence with a two-year reprieve following a retrial in May 2012.

According to the Criminal Law, criminals serving a stay of execution can apply for a reduction in their sentence to life imprisonment or to 25 years in prison if the convict does not have a criminal record.

On July 23, six apartments under the ownership of Bense Holding Group will be auctioned off on Taobao.com, China's largest e-commerce platform.

The total starting price for the six apartments is 8.48 million yuan.

yanyiqi@chinadaily.com.cn

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
观塘区| 资源县| 贵南县| 通化市| 崇明县| 濮阳市| 宣城市| 衡南县| 十堰市| 高密市| 阜宁县| 容城县| 东光县| 石景山区| 灵石县| 兰坪| 亚东县| 资兴市| 定远县| 英吉沙县| 林芝县| 兴山县| 新巴尔虎右旗| 全州县| 沈阳市| 高陵县| 德清县| 乐都县| 大田县| 紫阳县| 安徽省| 蓝田县| 抚远县| 南充市| 阿荣旗| 炎陵县| 黄大仙区| 西峡县| 靖州| 漳州市| 营山县|