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Chinese musical star jailed for life over Olympics tour scam

(Xinhua)

10:22, November 11, 2011

BEIJING, Nov. 10 (Xinhua) -- A high-profile Chinese musician has been jailed for life for a 57-million-yuan (8.98 million U.S. dollars) scam involving concerts advertised around the time of the Beijing Olympics.

Su Yue, 56, was given the sentence by the Beijing No. 2 Intermediate People's Court on Thursday. The composer, who made his name in the 1980s with hits Loess Plateau and Blood-stained Glory, confessed to the fraud charges, court officials said.

The scams began in the run-up to the 2008 Olympic Games, when the musician falsely claimed that he was commissioned to hold shows attached to the Games. Investors put tens of millions of yuan into events which never took place, the court was told.

Su said he regretted his actions and felt sorry for his victims. But he appealed the sentence, saying that his motive was repaying debts incured after his company went bankrupt, rather than amassing personal wealth.

He claimed to have paid back some 29 million yuan to defrauded investors.

 
 
     
 
 
 
     
 
 
 
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