China overturns tycoon’s death sentence

2012-04-20 14:53

China’s high court overturned the death sentence on a former tycoon today, in a case that caused an uproar over the Communist nation’s use of capital punishment for economic crimes.

The State Supreme Court ordered the high court in eastern Zhejiang province to retry the case of Wu Ying.

It recommended that any death sentence should come with a two-year reprieve – a penalty almost always commuted to life in prison.

“The State Supreme Court has decided in accordance with the law not to approve the death sentence,” a court statement said.

“From the overall consideration of the case, the implementation of the death penalty to Wu Ying should not be immediate.”

Wu (31) was sentenced to death in 2009 for swindling private investors about 380 million yuan (R471 million) in a case that drew attention to the state banking system’s reluctance to provide capital to private businesses.

It also caused a public uproar due to Wu’s relatively young age and to the state’s widespread use of the death penalty, including in cases related to economic crimes.

Once one of China’s richest women, Wu built a business empire out of a modest family beauty salon that branched out into car rentals, clothing and then into real estate and commodities, state press reports said.

But her efforts to raise investment capital through China’s murky world of private finance led to her arrest in 2007 on charges of illegal fundraising.

According to the London-based rights group Amnesty International, China, on a yearly basis, executes more criminals than the rest of the world combined, although the actual numbers of people China puts to death remains a state secret.

Earlier this year, the US rights group Dui Hua reported that China had halved its executions since 2007, when its high court began reviewing death row cases, but that the nation still puts about 4 000 people to death every year.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/Sport

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.