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Strategies & Market Trends : HONG KONG

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To: Tom who wrote (2453)	10/20/1998 12:34:00 AM
From: Ron Bower	Read Replies (1) of 2951

No Federal Country Club prison for white collar crime in China. They definitely chose the wrong lawyer!! REUTERS The former head of the Hunan International Trust and Investment Company has been given the death penalty for taking 1.94 million yuan (HK$1.8 million) in bribes, it was reported. The Hunan Provincial High Court last week rejected an appeal by ex-chairman and general manager Zhang Deyuan and upheld a sentence passed by the Changsha Intermediate Court. Under the law, Zhang does not have the right to a second appeal, but the sentence is still subject to review by the Supreme Court since it is a major criminal case. Zhang, in collaboration with his adopted son Zhang Xiaodan and his daughter-in-law Zhou Jianping, received bribes from various sources between December 1991 and September 1994. Hunan Daily Zhang Xiaodan was sentenced to life in prison and Zhou Jianping to six years in jail, the paper said. The newspaper did not give further details. Court and company officials were not available for comment.

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