Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Financier executed, stays silent over cash
By Li Xinran |
December 9, 2009, Wednesday
|
Print Edition
Print Edition
A FORMER manager of a securities company was executed in Beijing yesterday - and took to his grave the whereabouts of the 65 million yuan (US$9.52 million) he embezzled.
Yang Yanming, 51, was the first person working in China's securities sector to be executed, the Beijing Evening News reported yesterday.
He once served China Galaxy Securities Co Ltd as general manager of its securities business in Beijing.
Yang said all money he stole was given to officials in bribes but refused to be specific.
"I am willing to take responsibility," Yang said about 9am when he fronted judges before the execution. "If I hadn't attempted to commit suicide, it might not have been discovered."
The newspaper said Yang's final piece of advice was: "Preserve your moral integrity and don't set too much store by business results."
Yang tried to kill himself on April 23, 2004, by cutting his wrists and then switching on kitchen gas. He survived the ensuing gas blast and fire.
His suicide bid sparked a company audit which found nearly 100 million yuan was missing. Of that, 65 million yuan remains a mystery.
Yang's attorney, Qian Lieyang, said if his client was executed those who took the money would escape penalty.
Yang was first sentenced to death by the Beijing No. 1 Intermediate People's Court in December 2005, and then appealed to the Beijing Higher People's Court, which told the court of the first instance to rehear the case in May 2007.
Yang was sentenced to death again in July 2008, and appealed to the higher court a second time in vain.
Yang Yanming, 51, was the first person working in China's securities sector to be executed, the Beijing Evening News reported yesterday.
He once served China Galaxy Securities Co Ltd as general manager of its securities business in Beijing.
Yang said all money he stole was given to officials in bribes but refused to be specific.
"I am willing to take responsibility," Yang said about 9am when he fronted judges before the execution. "If I hadn't attempted to commit suicide, it might not have been discovered."
The newspaper said Yang's final piece of advice was: "Preserve your moral integrity and don't set too much store by business results."
Yang tried to kill himself on April 23, 2004, by cutting his wrists and then switching on kitchen gas. He survived the ensuing gas blast and fire.
His suicide bid sparked a company audit which found nearly 100 million yuan was missing. Of that, 65 million yuan remains a mystery.
Yang's attorney, Qian Lieyang, said if his client was executed those who took the money would escape penalty.
Yang was first sentenced to death by the Beijing No. 1 Intermediate People's Court in December 2005, and then appealed to the Beijing Higher People's Court, which told the court of the first instance to rehear the case in May 2007.
Yang was sentenced to death again in July 2008, and appealed to the higher court a second time in vain.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
