High Court of Zhejiang Province, China, Rejecting an appeal to the 6th richest woman in China and remain on the death penalty that had convicted him. Women 30 years this has been proven guilty of fraud up to 380 million yuan, or Rp86, 2 billion.
As reported by Shanghai Daily, Wednesday, January 18, 2012, Wu Ying, a formercorporate conglomerate Bense, sentenced to death in December 2009, abolishedall political rights, and confiscated all his possessions. In January 2010, he filed an appeal.
According to court Zhejiang, Wu Ying facts of the case are very clear and the evidence against him can be trusted, and quite adequate. The court said Wu had caused losses to the state and society, and should be severely punished.
Wu fraud carried out on the range in May 2005 until February 2007. At that time, Wuacted as a broker who set up an investment fund investors. Operation for two years,Wu has attracted funding of 770 million yuan (Rp1, 1 trillion) from 19 investors.
Wu pledged 80 percent profit per year. However, rather than invested, Wu used the money to pay her debts which amounted to more than 700 million yuan.
Continued deception, and Bense uses to set up a company engaged in theconstruction and hotel services.
Through this company, Wu benefit tremendously. Through Bense also the Wu was asked to become the sixth richest woman in China in 2006 Hurun magazine.
According to Xinhua, Wu get a death sentence over the protests of many people.The opportunity came to Wu as China abolishing death sentence against 13economic crimes, and crimes without violence. However, the court Zhejiangremained on their decisions
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