2009-04-23

“First Death Penalty in the Securities Industry” Upheld in Final Judgment

证券界死刑第一人”终审死刑

Beijing News, 2009-04-23

The Beijing High Court upheld a lower court's death sentence for Yang Yanming, a former securities company CEO, convicted of corruption. Yang's first conviction in 2005 had been overturned on appeal by the High Court, which ordered the case retried. At his second appeal, Yang explained that he used the 69 million RMB he is accused of embezzling to bribe various “work groups and individuals” but refused to divulge who he distributed the money to. Public discussions about the case have focused on whether Yang could or should be spared death if he reveals who accepted his bribes, with law professor Liu Mingxiang arguing he might still face capital punishment even if he divulges all. Yang's sentence still awaits final review by the Supreme People's Court.

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