23 Jul '11, 10pm

China 'executes 14 billionaires in eight years' China is scary!

China executed 14 people with assets of at least 1 billion yuan (S$187 million) during the past eight years as the government expanded its fight against corruption, according to the New Culture News newspaper. The dead include Yuan Baojing, a former stockbroker executed by lethal injection in 2006 for the murder of a man who had tried to blackmail him, and Wang Zhendong, chairman of Yingkou Donghua Trading Group, executed in 2008 for a scheme that persuaded investors to buy and breed ants. China's government is waging a corruption crackdown that resulted in the punishment of 146,517 people last year, Xinhua news agency reported last month. Bloomberg

Full article: http://www.todayonline.com/Hotnews/EDC110724-0000023/Chin...

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