Tuesday, February 10, 2015 8:25:00 AM
China executes iron ore giant Hanlong Group founder Mr Liu Han
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China executes the head of one of world's largest iron ore manufacturer. China executes top businessman.
China executed Mr Liu Han, the founder of Hanlong Group, one of the world's leading iron ore manufacturer.
According to the South China Morning Post, Mr Liu Han was sentenced to capital punishment in May of last year. He was found guilty on 13 articles of the Criminal Code. Investigation revealed that one of the richest people in China secretly led a major criminal group that was engaged in murder, illegal casinos and arms trafficking.
According to RBC, Hanlong Group, which Mr Liu Han founded in 1997 and made it one of the largest suppliers of iron ore in the world, was fined CNY 300 million for providing false information to obtain bank loans.
Source - English.pravda.ru
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