Posted on 02/09/2015 6:47:37 PM PST by rickmichaels
BEIJING — A Chinese billionaire famed for his love of casinos, cigars and luxury cars was executed Monday in one of the most dramatic episodes yet in President Xi Jinping’s war on corruption.
Liu Han, 49, a mining tycoon once worth at least $8-billion, was one of five alleged mafia bosses to receive the death penalty after being convicted of offences that included gun-running and murder.
The man “tyrannized local people and seriously harmed the local economic and social order,” Xinhua, China’s official news agency, said in a brief dispatch announcing the execution.
Liu made his money in construction and went on to become chairman of the Hanlong Group, a Chengdu-based mining company, with interests in Australia, Africa and the United States.
At his peak, the tycoon was a vocal and extravagant regular in the business pages, boasting of his diamond watches and fleet of Bentleys, Ferraris and Rolls-Royces.
(Excerpt) Read more at news.nationalpost.com ...
One mobster just took out another one.
Government taking his stuff too?
Let me guess.The party officials will be helping themselves to his “estate”.
Guy found himself on the wrong side of a power shift in Beijing.
If we ever elected a President that actually fought corruption in DC, it would take a week just to build enough gallows to hang’em all.
It’s not healthy to be a billionaire in China, the Commies get jealous.
If this were the U.S., he would constantly be getting invited to go to fundraisers with Obama at $34,000 a ticket.
I suppose being dead will probably remove him from comrade obama’s list of potential AG candidates.
We call this “hanging around too long”.
I suspect this is nothing more or less than Capitalism’s just rewards in china.
Dude, you were a billionaire. You didn’t have anyone that would give you a heads-up that you’re about to get arrested so you could flee?
Speaking of "shovel ready" jobs, . . . .
When do they read the will?
“gun-running and murder”
And failing to recycle.
The Chinese say, killing chickens to scare monkeys.
Seems like this guy was connected to Bo Xilai and especially Zhou Yongkang, who is the present governments chief target in all this.
Its Trotsky vs. Stalin stuff, except the so-called Communists now are not only battling over power, but money too.
How did they divvy up his $8B in loot?
China is more capitalist than the US.
Were these guys just too ostentatious for the ‘conservative’ communist hierarchy or is it basic envy?
” The man “tyrannized local people and seriously harmed the local economic and social order,” Can we execute miscreants on this basis, too? Where do we submit nominations? We have some great candidates in USA politics, and not just on a local basis either!
That would be hard to argue against.
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