Download
An ex-tycoon, convicted of illegal fundraising, had her death sentence commuted by the High People's Court in East China's Zhejiang province on Monday.
The court passed a death sentence, with a two-year reprieve. This usually translates into life in prison and is often reduced further for good behavior.
Wu Ying, 31, once one of China's richest women, has also been deprived of political rights for life and her private property has been confiscated, according to the provincial court's final judgment.
The founder of the Bense Holding Group in Zhejiang was sentenced to death in December 2009 by an Intermediate people's court in the province. She was found guilty of defrauding investors out of 380 million yuan but she had raised 770 million yuan from 11 lenders, promising high returns, from May 2005 to February 2007, the court said.
Wu still had 380 million yuan when the case was uncovered.
The court said Wu amassed the fortune by deceit and promising high returns as an incentive.
The province's High People's Court upheld the death sentence on Jan 18, but the Supreme People's Court overturned the judgment and sent the case back to the provincial court for re-sentencing on April 20.
It was not heard in public but the provincial court said on Monday's news release that all procedures had been followed.
Death sentences that are returned to the courts can be commuted directly, while those with questionable evidence or that followed incorrect procedures, must be heard by a new collegiate bench.
Wu changed her lawyer during the re-sentencing, opting for Wu Qian whom she felt was more familiar with the case.
The first four months of the year saw a massive 89 percent increase, year-on-year, in the number of cases concerning private fundraising in Wenzhou.
From January to April, courts in Wenzhou received more than half the number of cases they received for all of 2011
There were over 6,500 cases, in the first quarter, involving some 3.85 billion yuan ($608 million).
Just over 12,000 cases in 2011 involved 5.4 billion yuan.
Legal disputes concerning fundraising are increasing in frequency in Wenzhou in the aftermath of a widespread credit crisis in the city last year that led to a flight of borrowers and panic among lenders.
The court announced it has strengthened its crackdown on parties that escape financial liabilities. Wenzhou Lucheng district court has set up a finance tribunal, the first in Zhejiang province.
About the broadcaster:
Emily Cheng is an editor at China Daily. She was born in Sydney, Australia and graduated from the University of Sydney with a degree in Media, English Literature and Politics. She has worked in the media industry since starting university and this is the third time she has settled abroad - she interned with a magazine in Hong Kong 2007 and studied at the University of Leeds in 2009.
2011年实用口语练习:一起来找“茶”
新东方英语口语开口篇:询问称呼(2)
巧用“插入语”争取思考的时间
美国生活必备口语:租房英语大全(1)
奥运会实用英语口语200句:这是一个非常受人欢迎的目的地
2011年实用口语练习:歉意怎么说出口(2)
地道英语口语:关于“apple”的英语俚语
学会用英文的感叹句
疯狂口语要素精选 13
英语流行语:你跟谁“合得来”?
地道口语:如何用英语聊电影
口语:“血肉之躯”用英语怎么说?
实用口语:关于兔子的英语口语
口语情景对话:走遍美国精选 当仁不让 ACT 3 - 1
奥运会实用英语口语200句: 我经常用互联网学英语
2011年实用口语练习:In the library 在图书馆
实用口语情景轻松学:你最喜欢哪个季节?
实用口语:英语口语要素精选 18
奥运会实用英语口语200句: 你可以乘火车去上海
英语口语主题:交际英语热门话题47个(21--生日派对)
英文情景对话:我想吃真正的中国菜
实用口语: Nicole's Close Election
2011年实用口语练习:背后捅刀
实用口语情景轻松学:你这儿卖内存吗?
新东方英语口语开口篇:描述外貌(3)
口语情景对话:走遍美国精选 二度蜜月ACT 3 - 2
大学新生常用口语:熟悉校园和同学
节日英语口语:十一句话搞定圣诞礼物
实用口语:选举 Elections
实用口语情景轻松学:你知道怎么申请赴美签证吗?
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |