5.4 billion yuan, "China's financial first case" ringleader was sentenced suspended death

Hainan Provincial Higher People's Court recently referred to as "China's financial first case," the Hainan Huayin financial giant case of Final Appeal ruling upheld the original verdict, the case-by-principal to death, suspended the implementation of 2002.

According to China news agency reported that in the 1990s to the beginning of this century, stone-control through the hands of the Hainan Huayin, a South Dalian Securities North two financial institutions, has created a comprehensive amount of money involved as much as 26 billion yuan (renminbi, the The same, about 5.4 billion Singapore dollars 27.88 million) of major. March 2002-at the snow, then a series of related cases came to the surface.

January this year, the Court of First Instance to identify, to use its snow-Hainan Huayin Interim Head, chairman of the Dalian Securities of his position, misappropriation of Dalian Securities Company and Hainan Huayin more than 200 million of public funds totalling 60 million yuan, embezzlement of public funds in recent 100 million 20 million yuan, forged financial documents attempt to defraud the People's Bank of huge cash funds of more than 1.4 billion yuan and sales of false treasury bonds, more than 2.4 billion yuan of illegal funds.

Haikou City Intermediate People's Court of First Instance judgement stone-death penalty, suspended the implementation of 2002. Accomplice Lee Yang Beijing Real Estate Development Co., Ltd. legal representative, chairman of Liang Yong was sentenced to life imprisonment.