Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

China executes businessman linked to former security tsar

Published 09/02/2015, 04:53
© Reuters. Liu Han, former chairman of Hanlong Mining, smokes a cigarette during a conference in Mianyang

BEIJING (Reuters) - Chinese authorities on Monday executed a former mining tycoon connected to the eldest son of retired domestic security chief Zhou Yongkang, himself the focus of a high-profile corruption investigation, state media reported.

The High People's Court in the central province of Hubei ordered the execution of Liu Han, the former chairman of unlisted Hanlong Group, who was given the death sentence last May, the official Xinhua news agency said.

The case against Liu was one of the most prominent involving a private businessman since President Xi Jinping took office two years ago and began a campaign against pervasive graft.

Liu, who once ranked as China's 230th richest person, was tried last year, along with 36 others, accused of murder and running what state media called a "mafia-style" gang.

Liu's younger brother, Liu Wei, and three others were also executed, according to Xinhua.

China last year announced a probe into Zhou Yongkang, one of its most influential politicians of the last decade, in a case that has its roots in a power struggle in the ruling Communist Party.

Sources have told Reuters Liu was once a business associate of Zhou's eldest son, Zhou Bin. State media have not explicitly linked Liu's case to Zhou Yongkang, but have said his rise coincided with Zhou's time as Sichuan's party boss.

© Reuters. Liu Han, former chairman of Hanlong Mining, smokes a cigarette during a conference in Mianyang

The party has already gone after several of Zhou's protégées, including Jiang Jiemin, who was the top regulator of state-owned enterprises.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.