China lethal on fraudster family, death to 3 & one lifer

November 08, 2011 11:02
China lethal on fraudster family, death to 3 & one lifer

India and its Shanghai neighbor might be equal in many aspects but the way law takes its turn in these two huge nations varies and so is the urge to commit crime. The scammed personalities, in India, enjoy exclusive prison rights and in the end get bail, despite the mental trauma faced by the public due to their deeds. But the situation in China differs and is evident in the case referred below as Xinhua reported. Two brothers and their father were sentenced to death on Monday for cheating 15,000 investors out of over 1.1 billion U.S. dollars in east China.

A family of real estate group which had amassed 7.04 billion yuan ($1.12 billion) between 2003 and 2008 of investor confidence was arrested in 2008 for not informing investors that their company had been losing money for years. Of the four arrested three two brothers and father, were sentenced to death and the third brother was given a lifer, in east China's Zhejiang province.

Ji Wenhua, president of the Yintai Real Estate and Investment Group, was sentenced to death for the fraud, said the Intermediate People's Court in the city of Lishui, where the company was based. However, his brother, Ji Shengjun, and father, Ji Linqing, could be spared execution as their death penalties have a two-year reprieve. A third brother, Ji Yongjun, was sentenced to life imprisonment. Apart from the sentence, their political rights were deprived for life and property confiscated. Another two people in the case were sentenced to three years in prison each.

Are we learning our lesson and does this send a signal to erring members of the society!!!

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