(Hangzhou News) Zhou Jiyang, former cadre of the Party History Research Office of the Zhejiang Provincial Party Committee of the Communist Party of China, scammed RMB 69.86 million (S $ 13.51 million) in contract.property.
According to the WeChat public account of the Hangzhou Intermediate People's Court, the Hangzhou Intermediate People's Court publicly sentenced the 78th Hongtong personnel Zhou Jiyang contract fraud yesterday morning to punish the defendant Zhou Jiyang with the above -mentioned punishment, and recovered 69.86 million yuan in his fraud to return the victim.
Cause huge losses in futures transactions
After hearing the court, Zhou Jiyang has been engaged in futures transactions since 1998. Since then, he has not been maintained due to insufficient own funds and huge losses.From March 2002 to December 2008, he lied to the outside world that he was the deputy director of the Propaganda and Education Department of the Party History Research Office of Zhejiang Province.In order to bait and sign a borrowing agreement with more than ten victims, to obtain money to repay personal debt, consumption and futures transactions.
In December 2008, Zhou Jiyang escaped Hangzhou with money until he was arrested and brought to justice in Dalian, Liaoning Province on December 1, 2017.
The court believes that, with the purpose of illegal possession, Zhou Jiyang, fictional identity and borrowing, concealing real uses, deceiving the property with a huge amount of others, have constituted contract fraud.Although he was able to converge a crime after his case, he had a good attitude of pleading guilty, but his crime caused a huge loss of others. He also carried the stolen money to escape the liability for many years, so it was not enough to punish him lightly.The court made the above judgment in accordance with the law.
