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Official at Agricultural Bank of China sentenced to death for fraud
Beijing (AFP) Jul 31, 2006 An official from the troubled Agricultural Bank of China has been sentenced to death for corruption involving 15 million yuan (1.87 million dollars), state media reported Monday. Wen Mengjie, former head of technology at the bank's Beijing branch, was sentenced to death this month, Xinhua news agency reported. It said the supreme court is currently reviewing the case. Wen was convicted of taking 10.7 million yuan in kickbacks from equipment and software providers and 4.3 million yuan in public funds, the report said. Earlier this year, the Agricultural Bank -- one of China's "big four" state lenders -- sacked 64 employees and took disciplinary action against some 1,300 others after an audit found irregularities worth 51.6 billion yuan (6.45 billion dollars). Twenty-one of 1,331 employees who face disciplinary action have been referred to judicial authorities. The Agricultural Bank of China is the last of the big four to remain wholly under government ownership and the only one not to have undergone any major reforms since Beijing began a major clean-up operation in late 2003. Community Email This Article Comment On This Article Related Links China News from SinoDaily.com
China to modernize military, reunify Taiwan, defense minister says
Beijing (AFP) Jul 31, 2006 China will be a force for global peace but it must arm its military with the latest in high-tech weapons and ensure that Taiwan never splits from the mainland, the defence minister said Monday. |
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