Saturday, March 18, 2006

Death Penalty

This well-known billionaire in China named Yuan Baojing was gifted capital punishment for hiring his brother and cousins to murder Wang Xing in 2003. Wang once suggested the billionaire to "punish" Liu Han who was accused of manipulating a broker to cause his company to lose nearly 100 million yuan in Sichuan Province by Yuan. Contract killer Li Haiyang missed shooting Liu to death in 1997. However, since then Wang repeatedly require money from Yuan and threatened to blow the whistle on his crime of organizing the attempted murder, which resulted in his own murdering by Yuan's complices later.

Yuan, a Liaoyang native, and an ex-graduate of China University of Political Science and Law, registered his Beijing Jianhao Industrial Development Company at the investing capital of 200,000 Yuan in Beijing's Huairou District in 1992. Within six months, he made more than 2 million yuan (US$249,000) of profits. Then he invested in the securities and bonds markets before acquiring more than 60 companies. His assets were valued at more than 3 billion yuan as of 1996.

All lives are equal and invaluable under the umbrella of the law, no more money can save Yuan's life which is priced at the handsome sum of 49.5 billion yuan (US$6 billion).

(Picture host: http://news.sohu.com)

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