Hefei official's son on trial for 142m yuan insurance scam
Updated: 2013-01-10 17:02
By Cao Yin (chinadaily.com.cn)
|
|||||||||||
The son of a former finance official in East China has gone on trial for making 142 million yuan ($22.8 million) from an insurance scam.
Guo Qiang, 31, stands accused of swindling 27 people out of sums between 600,000 and 33 million yuan since 2009.
He appeared at Hefei intermediate people's court, in the capital of Anhui province, and prosecutors say he has confessed to his crime, Xin'an Evening News reported Thursday.
Guo's father used to be a high-level financial official for a district in Hefei.
One of the victims said in court that he agreed to do business with Guo because of his good family background, and the fact he promised to pay huge returns, the paper reported.
The defendant's father testified he had no knowledge of what his son was doing after the young man left his previous workplace. His wife also reported she had no idea of her husband's work but added he always spent lots of money in daily life.
After his confession, Guo's attorney suggested his client should be given a jail sentence of less than 15 years, the report added.
A verdict is pending.
caoyin@chinadaily.com.cn
Related Stories
Ex-railway official on trial for corruption 2012-12-27 13:10
Former top railway official Luo stands trial 2012-12-26 17:01
Courtroom participants forbidden to broadcast trials 2012-12-25 07:52
Mekong attack suspects stand 2nd instance trial 2012-12-20 17:04
Today's Top News
Police continue manhunt for 2nd bombing suspect
H7N9 flu transmission studied
8% growth predicted for Q2
Nuke reactor gets foreign contract
First couple on Time's list of most influential
'Green' awareness levels drop in Beijing
Palace Museum spruces up
Trading channels 'need to broaden'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |
Firms crave cyber connection |