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BIZCHINA> Top Biz News
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Court upholds death penalty for airport ex-chief
(Xinhua)
Updated: 2009-07-06 21:55 A higher court in east China's Shandong province on Monday upheld an earlier death penalty for the former chief of the Capital Airports Holding Company (CAH) for bribery and embezzlement. Li Peiying, 60, former board chairman and general manager of the CAH, was sentenced to death by Jinan Intermediate People's Court on February 10 for taking bribes of 26.61 million yuan ($3.9 million) from 1995 to 2003 and misappropriating 82.5 million yuan for personal use from 2000 to 2003.
According to law, the death sentence will have to be reviewed the Supreme People's Court before enforced. The provincial higher court said the amounts involved were extraordinary and Li's crimes had inflicted great economic loss on the country. It also ordered the confiscation of all his personal property and deprived him of political rights for life. All the embezzled money had been recovered, the court said. CAH, under the Civil Aviation Administration of China, is a large State-owned enterprise. It has 30 airports in nine provinces and more than 38,000 staff. (For more biz stories, please visit Industries)
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