10b yuan swindle
June 16, 2013, Sunday
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Print Edition
Print Edition
AN east China court has sentenced a man to life imprisonment for forging documents to get 10.13 billion yuan (US$1.64 billion) from banks and companies. Liu Jiyuan, 45, former president of an investment company in Shanghai, swindled the money from banks and enterprises between 2008 and 2010, Jinan Intermediate People's Court in Shandong Province ruled on Friday.
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