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People's Daily Online>>China Society

Top court reviews condemned billionaire's death sentence

By Zhu Shanshan (Global Times)

09:04, February 15, 2012

Zhejiang businesswoman Wu Ying was on trial on April 16, 2009 in the Intermediate People's Court of Jinhua in Zhejiang for illegal fundraising. File photo: Xinhua

The Supreme People's Court (SPC) declared Tuesday that it would carefully review the death sentence of Wu Ying, a Zhejiang businesswoman guilty of illegal fundraising, sparking speculation of a possible retrial.

Sun Jungong, the SPC's spokesman, said the court was scrutinizing the facts and evidence of Wu's case.

She stressed that the case was complicated and involved a huge amount of money.

Wu, 31, built her business empire up from a single beauty salon and was listed by Hurun Report as the sixth richest woman in the mainland in 2006.

She was arrested in 2007. The Intermediate People's Court of Jinhua in Zhejiang found that she had illegally pooled 770 million yuan ($122.23 million) from private creditors between 2005 and 2007 to fund her businesses under the Bense Holding Group.

Wu conned investors into pouring in money by making false promises of high returns, according to the Jinhua court. At the time of her arrest, she still owed 380 million yuan.

The Jinhua court sentenced Wu to death and confiscated her personal property in 2009. Wu appealed the first judgment, which was rejected by the Higher People's Court of Zhejiang in January.

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E K Kadiddlehopper at 2012-02-21211.245.174.*
Wu Ying absolutely must NOT be executed. She is a brilliant young lady, who simply worked within the established system to build her business. She had no other option! Free her and let her continue with her life! If she is executed, this will most definitely discourage foreigners from visiting China. Foreigners are not happy visiting a nation that is incapable of showing mercy and compassion and being humane!
  

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