China Billionaire Sentenced Death

May 26, 2014 by  

China Billionaire Sentenced Death, If Chinese accounts of billionaire tycoon Liu Han are true, the well-connected kingpin was a man with two lives. There was Liu the philanthropist. Liu the political adviser. Liu the charitable.

The other life, however, was darker: Liu the warlord, the murderer, the calculating tactician who would destroy anyone who got in his way.

On Friday, the latter life was in the spotlight in central China, where a court sentenced Liu and his brother to death for leading a “mafia-style” gang that authorities say deployed 36 agents, murdered nine people and amassed $6 billion in two decades. “Liu Han and Liu Wei were deeply evil,” the court said in its sentence. “Their means were extremely cruel, their impact on society was extremely bad.”

The sentence showed the seriousness of President Xi Jinping’s anti-graft campaign as well as the sometimes blurry line between crime and business among some of China’s elite. Since Xi came to power in November 2012, he has charged several high-level officials with corruption and discouraged overt extravagance among party elite.

And it would have been difficult to find a more ostentatious billionaire than 48-year-old Liu, who was once the chairman of Hanlong Group, one of the largest enterprises in southwest China, and came close to buying Australia’s Sundance Resources.

#Chinese court Fri sentenced former mining tycoon Liu Han to death, 1st trials of 36 mafia-like gang led by Liu.

– People’s Daily,China (@PDChina) May 23, 2014

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