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Front Page of the Day
Real estate and inside job bank robbery casePosted by Banyue, July 25, 2007 3:22 PM
Front Page of the Day is a daily review of the news on the front page of one Chinese newspaper, selected from a newsstand in Beijing's central business district. The top headline in today's Beijing news is about a new draft law that would lower fines for food safety infringements if the manufacturer of the problem food product publicly recalls the product.The second headline is about property prices: The average price of real estate inside Beijing's fourth ring road is 13,696 yuan (1,181 USD) per square meter, according figures for the first half of 2007 from the Statistics Bureau of Beijing. The photo shows suspects in a theft case in Handan, Hebei Province at the first day of their trial in the Handan intermediate court. This case was very much in the public eye a few months ago. The two suspects were employees of the Agricultural Bank. They are alleged to have stolen more than 45 million yuan (5,950,000 USD) from the bank in one month, by walking out with cash every day. They apparently used this money to buy lottery tickets but only won 98,000 yuan (12,957 USD) back.
There are currently 2 Comments for Real estate and inside job bank robbery case.
Comments on Real estate and inside job bank robbery caseShouldn't that be 5,950,030 USD? Which with exchange rate of 8 comes out to be around 47 million Yuan. That's funny they used this to buy lottery tickets... LOL! buying lottery tickets - perhaps the worst case of money laundering in history. not surprised these darwin contenders got caught. |
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