Death sentence for embezzler

Source: Xinhua | April 25, 2009, Saturday |

Print Edition

A POST office director in southern China was sentenced to death yesterday for siphoning off more than 1.3 billion yuan (US$190 million) from customers to help pay off her gambling debts, a court said.

He Liqiong, 45, a former manager of Chancheng District post office in Foshan City, Guangdong Province, amassed the huge amount of money between 2003 and 2006 by siphoning cash from 198 depositors at her branch, according to the verdict of the first trial at the Foshan Intermediate People's Court.

He was the leader of a crime ring that embezzled the deposits of creditors for use in gambling.

She was arrested in August 2006 for hiring someone to stab three people. Two of the victims, surnamed Guo and Huo, were members of her crime ring who had disputes with He regarding debt interests. They were only slightly injured in the attack.

A Foshan post official surnamed Zhou was seriously injured in the attack.

He's accomplice, Chen Qili, former director of Lanshi Township post office, received life imprisonment for illegally absorbing savings.

The two colluded to spend 1.5 billion yuan of siphoned funds to pay off gambling debts in Macau. They also used part of the money for investment, the verdict said.

Nation

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Death sentence for embezzler

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