Mwanamke wa Kichina ahukumiwa kifo kwa wizi!
HANGZHOU - A woman boss of a beauty parlor has been sentenced to death in
east China's Zhejiang Province, convicted of fraud and illegally raising
fund of more than 700 million yuan (100 million US dollars), a local court
has said.
Du Yimin, 43, was charged with collecting the huge amount of money
illegally by promising high returns to her 67 creditors from 2003 to July
2006, according to the Intermediate People's Court in Lishui, Zhejiang.
In addition, hundreds of other investors had been attracted by the
lucrative returns -- ranging from 1.8 to 10 percent per month -- and
channeled funds into Du's company through her 67 creditors, the court
heard.
Many victims had not even seen Du, who was nicknamed "Little Girl", before
she was arrested in July 2006, it heard.
Du spent much of the money she had amassed on purchasing apartments and
cars and on other luxury items, the court heard.
Du said she would lodge an appeal.
Wadau, Bongo inawezekana? Tujiulize...
east China's Zhejiang Province, convicted of fraud and illegally raising
fund of more than 700 million yuan (100 million US dollars), a local court
has said.
Du Yimin, 43, was charged with collecting the huge amount of money
illegally by promising high returns to her 67 creditors from 2003 to July
2006, according to the Intermediate People's Court in Lishui, Zhejiang.
In addition, hundreds of other investors had been attracted by the
lucrative returns -- ranging from 1.8 to 10 percent per month -- and
channeled funds into Du's company through her 67 creditors, the court
heard.
Many victims had not even seen Du, who was nicknamed "Little Girl", before
she was arrested in July 2006, it heard.
Du spent much of the money she had amassed on purchasing apartments and
cars and on other luxury items, the court heard.
Du said she would lodge an appeal.
Wadau, Bongo inawezekana? Tujiulize...
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