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February 26, 2014

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Embezzler jailed

A FORMER finance executive at Japanese sanitary ware manufacturer TOTO has been sentenced to 13 years in prison for embezzling more than 11 million yuan (US$1.8 million), the Songjiang District Prosecutors’ Office said yesterday. The 39-year-old resident of Minhang District, surnamed Zhang, joined TOTO’s Shanghai branch as an accountant in 1997. In 2007 he was promoted to department manager and soon after embarked on a crime spree.



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