Bankers and wives jailed for embezzlement

Two former Bank of China managers and their wives were sentenced for their role in an elaborate plan to embezzle $482m (€363m) and launder the money in other countries.

Bankers and wives jailed for embezzlement
Thu, 07 May, 2009 - 08:19

Two former Bank of China managers and their wives were sentenced for their role in an elaborate plan to embezzle $482m (€363m) and launder the money in other countries.

A US federal judge in Las Vegas sentenced Xu Chaofan to 25 years in prison and Xu Guojun to 22 years. Their wives, Kuang Wan Fang and Yu Ying Yi, were sentenced to eight years in prison.

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CourtsHeathrowPlace: USPlace: Las VegasPlace: Hong KongPlace: CanadaPerson: Xu ChaofanPerson: Xu GuojunPerson: Kuang Wan FangPerson: Yu Ying YiOrganisation: Bank of ChinaOrganisation: Department of Justice
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