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Two executed over fraud crimes

Published on 6 Aug 2009 under category: legal

A man and a woman have been executed in China in relation to multi-million pound fraud crimes.

Business people Si Chaxian and Du Yimin were given the punishment for defrauding investors out of more than 850 million yuan (£73 million).

Du Yimin, a beauty parlour owner, was found to have scammed around 700 million yuan from people in real estate fraud crimes.

Meanwhile, Si Chaxian collected 167 million yuan from over 300 people in the scheme.

The Supreme People's Court ruled that the pair had damaged the "financial regulatory order and social stability", meaning that they should receive the death penalty.

In other news on fraud crimes, a US businessman has been given a 100-year jail term after a $126 million (£74 million) scheme.

Edward Okun was handed the sentence in relation to 23 charges, including fraud and money laundering after a three-hour trial which included speeches from several of his victims.