Jun 15 2013, 9:18pm CDT | by Luigi Lugmayr
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.
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.
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