CHINA: ROGUE TRADER EXECUTED
China executed a former securities trader for embezzlement.
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China executed a former securities trader for embezzlement.
Yang Yanming, 51, was sentenced to death on Dec. 13, 2005 by the No.1 Intermediate People's Court of Beijing in a first-instance trail after being convicted of embezzling and misappropriating 94.52 million yuan (13.84 million U.S. dollars) of public funds from 1998 to 2003.
The Higher People's Court of Beijing ruled against Yang's appeal and upheld the death penalty on April 21, 2009. The Supreme People's Court approved it after reviewing the case.
He was the general manager of the Beijing securities trading department of Galaxy Securities from 1997 to 2003. The money he embezzled has not been recovered.
Yang Yanming, 51, was sentenced to death on Dec. 13, 2005 by the No.1 Intermediate People's Court of Beijing in a first-instance trail after being convicted of embezzling and misappropriating 94.52 million yuan (13.84 million U.S. dollars) of public funds from 1998 to 2003.
The Higher People's Court of Beijing ruled against Yang's appeal and upheld the death penalty on April 21, 2009. The Supreme People's Court approved it after reviewing the case.
He was the general manager of the Beijing securities trading department of Galaxy Securities from 1997 to 2003. The money he embezzled has not been recovered.
— SOURCES
- (Sources: Reuters, 08/12/2009)
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