Chinese court sentences tycoon to death over ‘mafia-style crime’

Chinese court sentences tycoon to death over ‘mafia-style crime’

PanARMENIAN.Net - Former mining tycoon Liu Han and his brother have been sentenced to death. Both men have been found guilty of "mafia-style crime" and murder by a provincial court in Hubei, according to CNN.

The two are among 36 people found guilty of similar crimes, including organized crime and homicide and given sentences ranging from the death penalty to long prison terms and fines.

Liu Han is former board chairman of the Sichuan Hanlong Group, the largest private enterprise in the southwest Chinese province of Sichuan, with interests including mining, real estate, electricity, energy and finance. The 48-year-old also holds major stake in a number of Australian companies. Official Chinese news sources estimate his wealth, which was seized when he was arrested, as being in the "tens of billions of yuan," or billions of U.S. dollars.

His case is one of the most high-profile against a private businessman since Chinese president Xi Jinping launched a crackdown on corruption when he came into power last year.

The Liu brothers reportedly started out running gambling centers in their base in Guanghan, China's southern Sichuan Province, in the early 1990s, gathering around them "a gang of local thugs and vagrants."

Liu Han also developed a reputation as a philanthropist, building a rural school campus following a 2008 earthquake that devastated Sichuan Province. His brother also had a reputation for charity, and had been a torch-bearer in the build-up to the Beijing Olympics, also in 2008, according to the state-run news agency Xinhua.

 Top stories
French police say the search for passenger remains and debris on the mountain slopes could take another two weeks.
"I keep coming back to the fact that there is a connection between the Syrian crisis and what is happening in Ukraine," Assad said.
Investigators will also need the other black box which records flight data, information that is essential for probing air accidents.
"It's going to take a new generation of courageous conservatives to help make America great again," Cruz said.
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.