24 Jul '11, 12am

we cant even seem to indict any => 14 billionaires executed for graft in China

Beijing - China executed 14 people with assets of at least a billion yuan (S$188 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 in 2006 for the murder of a man who had tried to blackmail him, according to the report. Wang Zhendong, chairman of the Yingkou Donghua Trading Group, was executed in 2008 for a scheme that persuaded investors to buy and breed ants, the report said. The newspaper, based in the north-eastern city of Changchun, said it surveyed media reports over the past eight years to compile the data. According to the 2010 Hurun Wealth Report, China boasts 1,900 yuan billionaires, twice as many as in 2009. Last Friday, another wealthy figure - Zhang Chunjiang, former vice-chairman of China Mobile, the world's lar...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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