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Politics : Welcome to Slider's Dugout

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From: kidl8/7/2009 12:41:12 PM
3 Recommendations   of 50435
 
Just happen to see this and couldn't think of a better board to post it.

Former Beijing Airport Director Is Executed

MICHAEL WINES and MARK McDONALD

Published: August 7, 2009

BEIJING — China executed the former head of a huge state-owned airport holding company on Friday, six months after he was convicted on bribery and embezzlement charges involving more than $14.6 million.

The executive, Li Peiying, had been the chairman and general manager of Capital Airports Holding Company, a $14.6 billion conglomerate that runs 30 airports in nine Chinese provinces, including Beijing’s much-acclaimed new international airport.

China’s state-run news agency, Xinhua, said that Mr. Li was executed in Jinan, a Yellow River city in eastern China’s Shandong Province. The province’s Higher People’s Court rejected an appeal in July.

The execution underscored the gravity of the national government’s campaign against official corruption, which President Hu Jintao has labeled a serious threat to stability. Graft, especially at lower levels of government, is woven into the fabric of everyday Chinese life, and disclosures of especially outrageous instances often provoke outcries on Internet chat sites and, sometimes, even street demonstrations.

The Communist Party announced this week that it was investigating a member of its ruling authority, the party’s Central Committee, apparently for corruption in the nation’s nuclear industry. News reports stated that that official, Kang Rixin, was suspected of embezzlement and bidding irregularities related to the construction of nuclear power plants.

Recent months also have seen the firing of a big-city mayor and the arrest of a former senior oil-company executive on corruption charges.

At his peak, Mr. Li, 60, supervised a 38,000-employee behemoth that not only served 30 percent of the nation’s air passenger traffic, but had also launched forays into insurance, hotels, real estate and tourism.

Last February a court in Jinan ruled that he had embezzled $12.1 million from the company over a three-year period ending in 2000, and had accepted an additional $3.9 million in bribes during an eight-year period starting in 1995.

Most of the bribes received by Mr. Li — reportedly for loans or loan guarantees — came from Qin Hui, owner of the popular Paradise nightclub located in the luxury Great Wall Sheraton Hotel in Beijing, according to Shanghai Daily.

The court said that Mr. Li’s actions had caused the nation severe financial losses.

China executes more convicts than any other nation, and while executions for financial misdeeds are not common, they are not unheard of. In 2007, China executed the government’s top drug regulator, Zheng Xiaoyu, after he was convicted of taking $850,000 in bribes to approve counterfeit medicines. One of the fake drugs, an antibiotic, was blamed for the deaths of at least 10 people.

In Beijing last month, the former chairman of China Petroleum and Chemical Corporation, the oil giant known as Sinopec, was sentenced to death for taking more than $28 million in bribes. The former chairman, Chen Tonghai, was given a two-year reprieve for helping prosecutors with other investigations.

Mark McDonald contributed from Hong Kong

nytimes.com
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