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Chinese Tycoon Jailed for Bribery

 
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cj1976



Joined: 26 Oct 2005

PostPosted: Mon May 17, 2010 9:09 pm    Post subject: Chinese Tycoon Jailed for Bribery Reply with quote

http://news.bbc.co.uk/2/hi/asia-pacific/8688623.stm

You see Korea? That's what you're supposed to do with these fatcat crooks. That guy must wish he was Korean, because he would probably have been given given a job with Hyundae by now.
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On the other hand



Joined: 19 Apr 2003
Location: I walk along the avenue

PostPosted: Mon May 17, 2010 9:45 pm    Post subject: Re: Chinese Tycoon Jalied for Bribery Reply with quote

cj1976 wrote:
http://news.bbc.co.uk/2/hi/asia-pacific/8688623.stm

You see Korea? That's what you're supposed to do with these fatcat crooks. That guy must wish he was Korean, because he would probably have been given given a job with Hyundae by now.


I'm gonna go out on a limb here and say that this tycoon's case is not neccesarily representative of the way in which white-collar crime is handled in China.

Another story from China...

Quote:
Zhang Xuping, a 19 year old Chinese youth, is under sentence of death for the assassination for hire of a Communist Party official, Li Shiming, in the northern Chinese town of Xiashuixi. As a result, Zhang Xuping has become a local folk hero.


Quote:
Li Shiming was apparently a corrupt public official who was a Chinese combination of the Sherriff of Nottingham and Don Corleone. Li Shiming used his position to run a protection racket, extorting money from the local villagers and throwing anyone who resisted him into jail. Li Shiming would seize land from villagers for his own use without legal recourse.

Zhang Xuping, who was hired by one of the villagers, stabbed Li Shiming through the heart while the Communist Party official was attending a meeting at a school. Despite the fact that over twenty thousand people from the region where Li Shiming reigned apparently like a feudal lord petitioned the court for leniency, Zhang Xuping has been sentenced to death by firing squad. Many people in China believe that Zhang Xuping's only crime was ridding the village of a bandit.


So basically, this guy was a Communist official, robbing his townfolk blind, and the Party didn't seem to take any notice of this until someone got so fed up they had him killed.

link
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misher



Joined: 14 Oct 2008

PostPosted: Tue May 18, 2010 12:47 am    Post subject: Reply with quote

He just pissed off the wrong guy and whammo. It is the way things work there if you are a part of the elite. Everyone will turn a blind eye but if you tick somebody off that is higher than you (make them lose face? take their cut? SLeep with the guy's daughter...who knows?) then you get thrown in the slammer under "corruption charges."
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rollo



Joined: 10 May 2006
Location: China

PostPosted: Tue May 18, 2010 2:07 pm    Post subject: Reply with quote

Show trial!! Economy is unwinding and they are beginning to line up scapegoats.
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