Chinese bank employees executed for theft

April 1st, 2008 - 11:40 pm ICT by admin  

RIA Novosti
Beijing, April 1 (RIA Novosti) Two employees of a Chinese bank in the northern province of Hebei were executed Tuesday in the country’s biggest bank heist to date, the China Daily said. Ren Xiaofeng, 34, and Ma Xiangjing, 37, who worked as vault managers of the Agricultural Bank of China in the Handan city branch stole some 52 million yuan ($7.3 million) from the vault.

They spent over 45 million yuan ($6.4 million) on lottery tickets in a month hoping to replace the stolen money with a jackpot.

After bank authorities discovered the missing millions, the two fled but were arrested after three days.

Two security guards charged with misappropriating 200,000 yuan ($28,500) were sentenced to five and two years respectively in prison.
RIA Novosti

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