360° Coverage : Swindler jailed for life in China

1 Updates
Swindler jailed for life in China
Photo Credit: Feng Li, Getty Images

Swindler jailed for life in China

Jun 15 2013, 9:18pm CDT | by

Beijing, June 16 (IANS) A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies.

Beijing, June 16 — A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies. Liu Jiyuan, 45...

Filed under: news

Tweets

 
 
 

2 years ago

Swindler jailed for life in China

Jun 15 2013, 9:18pm CDT | by

Beijing, June 16 (IANS) A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies.

Beijing, June 16 — A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies.

Liu Jiyuan, 45, former president of an investment management company in Shanghai, was accused of swindling 10.13 billion yuan from several banks and enterprises between November 2008 to November 2010, Xinhua reported.

The court in Jinan in Shandong province said Liu forged seals of banks and companies, loan materials, certificates of deposit and telegraphic transfer as well as cheques.

Liu was also accused of pretending to be a bank staffer to illegally gather deposit from enterprises.

Over eight billion yuan has been retrieved after Liu's case was exposed.

IANS

Source: IANS

 
Update
1

Tweets

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Meet the Three Americans that Stopped a Terrorist on a French Train
Meet the Three Americans that Stopped a Terrorist on a French Train
Three American dudes on a trip to Europe take down a terrorist on a train. Beat that vacation story.
 
 
Donald Trump Uninvited from Red State
Donald Trump Uninvited from Red State
Some more bad news just came in for GOP frontrunner Donald Trump: the candidate for president is making even more enemies than he had before. Donald Trump has basically been fired from speaking at a conference by Erick...
 
 
Obama Announces Biggest Ever Plan to Tackle Climate Change
Obama Announces Biggest Ever Plan to Tackle Climate Change
President Obama’s plan to tackle climate change is a foolproof method for the future.
 
 
Osama Bin Laden's Extended Family Members Die in UK Plane Crash
Osama Bin Laden's Extended Family Members Die in UK Plane Crash
Osama Bin Laden's extended family members died. The tragedy took place at Blackbushe Airport.