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[Tommie Hu$tle]

BEIJING (Reuters) - China executed four people, including employees of two of its Big Four state-owned banks, for fraud totaling $15 million, the state Xinhua news agency said Tuesday.

The executions occurred in the midst a high-profile government campaign against financial crime. They followed a string of arrests in white-collar crime as China prepares to sell shares publicly in its big banks.

The latest cases involved China Construction Bank, due to raise up to $10 billion in an IPO next year; and Bank of China, which is moving towards an IPO worth up to $4 billion. One of those executed was Wang Liming, a former accounting officer at China Construction Bank in the central province of Henan, who worked with others to steal 20 million yuan ($2.4 million) from the bank using fraudulent papers, Xinhua said in a report on its Web site: (www.xinhuanet.com). An accomplice, Miao Ping, was also executed.

Another Construction Bank employee, Wang Xiang, was executed for taking 20 million yuan from the bank in an unrelated case.

Liang Shihan, an official at the Bank of China's branch in the southern city of Zhuhai, was executed for helping cheat his bank out of $10.3 million, Xinhua said.

Xinhua did not say how the four were killed. China, which executes more criminals than the rest of the world combined, usually puts inmates to death with a gunshot to the back of the head but has recently experimented with lethal injections.

The debt-laden state-owned banks have been involved in other fraud scandals as Beijing tries to clean them up ahead of 2007, when the sector begins to privatize and opens fully to foreign rivals as part of pledges made to the World Trade Organization.



In February, China arrested Liu Jinbao, former chief of the Bank of China's Hong Kong branch, for corruption. Last December, Wang Xuebing, former head of the Construction Bank, was sentenced to 12 years in prison for taking bribes.

The government injected a combined $45 billion into the Construction Bank and Bank of China last year as part of a pilot scheme to reform the sector and prepare for the IPOs.

The precise number of people executed for all crimes in China is a state secret. Reports range from 5,000 to 10,000 a year, many for murder, but they have also been killed for corruption and crimes as minor as bottom-pinching.

Legal experts have proposed what they call a "kill fewer, kill carefully" policy for nonviolent crimes.

If only in America

 

[Doth Togo]

Chinese bank ownage.

 

[Mugen]

Yeah, that's how it is I heard.

You guys know that the athletes who didn't win one single medal in the last Olympics got executed right?

 

[=W=]

Yeah, that's how it is I heard.

You guys know that the athletes who didn't win one single medal in the last Olympics got executed right?

Seriously? Got a link?

 

[Incognito]

goddamn. that'd set a lot of people straight in this country...

China, which executes more criminals than the rest of the world combined, usually puts inmates to death with a gunshot to the back of the head but has recently experimented with lethal injections.

isn't that nice of them.

 

[sc0la]

I don't recomend execution, but if only we treated corprate criminals like we do "real" criminals.

 

[Tommie Hu$tle]

Yeah, that's how it is I heard.

You guys know that the athletes who didn't win one single medal in the last Olympics got executed right?

I think that is Iraq. Get your evil empires together.

 

[Nerevar]

Hmm, Enron and Worldcom were multinational corporations, right?


I wonder if they had operations in China ...

 

[Manabanana]

China executed four people, including employees of two of its Big Four state-owned banks, for fraud totaling $15 million, the state Xinhua news agency said Tuesday.

Xinhua did not say how the four were killed. China, which executes more criminals than the rest of the world combined, usually puts inmates to death with a gunshot to the back of the head but has recently experimented with lethal injections.

In February, China arrested Liu Jinbao, former chief of the Bank of China's Hong Kong branch, for corruption. Last December, Wang Xuebing, former head of the Construction Bank, was sentenced to 12 years in prison for taking bribes.

The whooooole country.

 

[bishoptl]

Well, yeah. That's how it works - the whole country gets referenced when stuff like this happens on the world stage. Nothing personal, China!

kill fewer, kill carefully"

Godly. Absolutely GODLY. :lol

 

[Deleted member 1235]

China, which executes more criminals than the rest of the world combined, usually puts inmates to death with a gunshot to the back of the head but has recently experimented with lethal injections.

i would actually prefer the gunshot.

really though, if you are gonna execute someone, that's the way to go about it.

"Ok, you're gonna die" BANG.

 

[MrPing1000]

Imagine what they do if u steal a stapler

 

[Late Stage Marxist]

China tough on white-collar crime?

 

[shuri]

They need to do that stuff more often in America

 

[explodet]

The precise number of people executed for all crimes in China is a state secret. Reports range from 5,000 to 10,000 a year, many for murder, but they have also been killed for corruption and crimes as minor as bottom-pinching.

Goosing = Murder 1
Staring at someone's breasts = Murder 2
Holding hands = Manslaughter 1

 

[nitewulf]

geez, im in no way endorsing bottom pinching but executed for it??

 

[Phoenix]

geez, im in no way endorsing bottom pinching but executed for it??

Well.... you won't do it again or get a chance to continue to rob the country through some funky loophole

 

[Zaptruder]

i would actually prefer the gunshot.

really though, if you are gonna execute someone, that's the way to go about it.

"Ok, you're gonna die" BANG.

Yeah no shit. If you're gonna have an execution policy, it should be fast, cheap, efficient and put the fear of God (or death) into men.

Unlike american appeal appeal appeal... 2.X million dollars on that shit... most people on death row, if they had that kinda money in the first place wouldn't be killing at all ~_~

 

[cvxfreak]

The Chinese government is a scary, um, thing.

 

[-=DoAvl=-]

That's it, i'm cancelling the china leg of my asia tour in december... stuff that! I've seen what they've done to richard gear!

 

[Diablos]

...and we're trusting these people to watch North Korea. :lol

 

[Pochacco]

Americans have the death penalty.
I don't see that much of a difference.

 

[Makura]

Americans have the death penalty.
I don't see that much of a difference.

We use it differently.

 

[Meier]

If you post news like this, you should include a link so people can share it and/or corroborate it.

http://www.forbes.com/work/feeds/ap/2004/09/14/ap1544742.html

 

[videogamer]

Americans have the death penalty.
I don't see that much of a difference.

You guys are more aggressive with the death penalty. Most Americans are accustomed to a different kind of death penalty. Their responses in this thread reflect the cultural/societal differences.

 

[Pellham]

Americans have the death penalty.
I don't see that much of a difference.

I support "eye for an eye", which means if you murder someone, you should be put to death for it. China executes people for crimes that don't involve the death of others, so I think that's pretty evil.

Then again, the US has the death penalty for soldiers who are accused of "cowardice", so ugh...

 

[TAJ]

>>>I support "eye for an eye", which means if you murder someone, you should be put to death for it. China executes people for crimes that don't involve the death of others, so I think that's pretty evil.<<<

The human suffering caused by Enron-level white collar crime far outweighs one death IMO. It can cause death indirectly as well.

 

[BlackMage]

Americans have the death penalty.
I don't see that much of a difference.

i.. err... umm... ::sits down::

 

[Pochacco]

It's really all relative.
If you don't wanna be executed in the US, don't kill a bunch of people. If you don't wanna be executed in China, don't pull off frauds worth millions.

Now, if you wanna blame China for not giving people a chance to defend themselves in a court, that's OK.

 

[Date of Lies]

In America, you can say what you want and you won't be executed or jailed for the rest of your life.



how 'bout them apples?

 

[Triumph]

In America, you can say what you want and you won't be executed or jailed for the rest of your life- yet.

Fixed that for you! Free of charge even!

 

[speedpop]

Yeah wait till the democratic nations adopt a new Draconian law system you bunch of sissies.

Look at a girl in the wrong way, IMMEDIATE DEATH!

No more damn lawyer shows since they won't be needed anymore, hoo fucking ray.

 

[Shinobi]

I've always been torn on the death penalty...on the one hand it's the ultimate punishment, but if one innocent man gets killed as a result, there's no way it's worth it. And we've seen more then a few cases where innocent people have either been killed or spent a lot of years on death row. Basically there has to be no doubt in anyone's mind that the person did it in order for me to be comfortable with the penalty of death.