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Borrowing headmaster gets leniency
By Jane Chen |
November 4, 2009, Wednesday
|
Online Edition
Online Edition
A COURT in southwestern China's Sichuan Province has shown leniency to a schoolmaster who was convicted of illegally borrowing money from the public totaling 123 million yuan (US$18.01 million) to fund his school, today's China Youth Daily reported.
Tian Rong, principal of Huarun School in Xinjin County of Sichuan capital Chengdu City, was yesterday sentenced to three years' prison with a five-years reprieve. He was fined 60,000 yuan and the school was fined 300,000 yuan.
Tian was released yesterday afternoon due to the reprieve, which means he will not serve jail term if he behaves well for the next five years.
Tian, who ran the Huarun school since it started in 1993, borrowed 123 million yuan from 585 individuals, 22 companies and 116 students from July 1, 1995 to February 17, 2008, and had repaid 98.63 million, the court said.
He is convicted of illegal borrowing and disturbing the social financial order, considering the large amount of money, the extent of lenders and the lengthy duration of the business, the court said.
The court handed Tian a lenient punishment because he admitted his guilt and promised never to do it again. Tian did not act corruptly and all the money was used to run the school, the court added.
Tian Rong, principal of Huarun School in Xinjin County of Sichuan capital Chengdu City, was yesterday sentenced to three years' prison with a five-years reprieve. He was fined 60,000 yuan and the school was fined 300,000 yuan.
Tian was released yesterday afternoon due to the reprieve, which means he will not serve jail term if he behaves well for the next five years.
Tian, who ran the Huarun school since it started in 1993, borrowed 123 million yuan from 585 individuals, 22 companies and 116 students from July 1, 1995 to February 17, 2008, and had repaid 98.63 million, the court said.
He is convicted of illegal borrowing and disturbing the social financial order, considering the large amount of money, the extent of lenders and the lengthy duration of the business, the court said.
The court handed Tian a lenient punishment because he admitted his guilt and promised never to do it again. Tian did not act corruptly and all the money was used to run the school, the court added.
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