Reprieve for woman sentenced to death
Print Edition
A WOMAN sentenced to death for fraudulent fundraising has had her sentence commuted to life in prison by a court in north China’s Inner Mongolia Autonomous Region.
Su Yenu was sentenced to death in 2013 for cheating investors out of 1.23 billion yuan (US$177 million).
However, the Supreme People’s Court remanded the case in March 2015, upon consideration that Su had surrendered herself to the police.
Erdos Intermediate People’s Court retried the case in July last year and yesterday commuted the sentence to life in prison. She was also deprived of political rights for life, and her personal property confiscated.
Su began illegally raising money in 2006 and cheated investors out of 1.23 billion yuan, luring them with promises of high returns, and personally misappropriated 552 million yuan. She used the funds to invest in restaurants, health clubs, coal mines and farms, as well as to buy property, cars, lottery tickets and jewelry for herself.
She burned all documents related to her business between 2006 and October 2009 for fear her acts would be exposed. Su surrendered to police in September, 2011.
Ren Wenxiang, who supported Su’s endeavors, was jailed for four years and three months and fined 500,000 yuan.
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