Related topics

China Executes 2 in Tax-Fraud Case

March 8, 1999

SHANGHAI, China (AP) _ Two businessmen in southeastern China have been executed in a 640 million yuan ($77 million) tax-fraud case, official newspapers reported Monday.

The tax fraud blamed on Hu Yinfeng and Lu Huaming was one of the biggest reported in China, which has publicized long prison terms and some death sentences in a crackdown on tax cheats.

Hu and Lu were put to death Sunday in Jinhua, a city in Zhejiang province, the Youth Daily said, citing an announcement by the Supreme People’s Court in Beijing.

Hu and Lu separately set up 10 dummy companies and issued fake value-added tax receipts for the goods that passed through them, newspapers said. They said Hu pocketed $10 million while Lu took in $3.1 million.

Update hourly