Friday, December 19, 2014   

Tycoon avoids death sentence
(07-11 13:50)

A Chinese tycoon had her death sentence for illegal fund-raising commuted to life imprisonment at a trial on Friday in east China's Zhejiang Province.
Wu Ying, from Zhejiang, was initially sentenced to death in 2009. Her sentence was reduced to death with a two-year reprieve following a retrial in May 2012.
As the reprieve period was expiring, Wu, who was serving in Zhejiang Provincial Women's Prison in Hangzhou, capital of Zhejiang, applied for the trial and hoped for a further change to her penalty.
According to the Criminal Law, a criminal serving a stay of execution can apply for a reduction in their penalty to life imprisonment, or even to a 25-year jail term if the person has no record of criminality in jail.
Wu was given an open trial on Friday
Her case had earlier sparked heated debate over the country's fundraising system, which outlaws all forms of private lending.
In 2007, the former chairwoman of Bense Trade Co. Ltd., then aged only 26, was convicted of cheating investors out of 380 million yuan from May 2005 to January 2007 in private lending scams.
The court heard that she amassed the fortune by fabricating facts, deliberately hiding the truth and promising high returns as an incentive.
Yao Haitao, an official with the Zhejiang Provincial Higher People's Court, said it will also put a video of Wu Ying's commutation trial online.
Commutation trials had mostly been held behind closed door by Chinese courts.
The Supreme People's Court (SPC) began to push forward a reform of the court system last year. In March, the SPC required all courts to adopt open trials of commutation of sentences and parole cases and publish verdicts that allow someone to serve a sentence outside jail for medical reasons. --Xinhua   
Other China breaking news:
Ex-worker at Forbidden City gets death (1 hr 12 mins ago)
Xi arrives in Macau (12-19 12:44)
Journalists barred from holding umbrellas (12-19 12:36)
Xi visits Macau (12-19 12:18)
Pilot jailed over crash that killed 44: report (12-19 12:17)
Cop arrested for wrongful conviction (12-18 18:30)
Twelve charged over Kaohsiung gas blast (12-18 17:58)
Shanxi public security official arrested (12-18 16:08)
'Multiple human errors' led to deadly Taiwan gas blasts: prosecutors (12-18 13:55)
Shame in China as village votes to expel HIV-positive boy (12-18 12:34)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.