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		<title><![CDATA[Latest posts for the thread "China's most-wanted man jailed for life over £3 billion fraud "]]></title>
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				<title>China's most-wanted man jailed for life over £3 billion fraud </title>
				<description><![CDATA[ All I have to say is wow. <br /> <a href="http://www.telegraph.co.uk/news/worldnews/asia/china/9274384/Chinas-most-wanted-man-jailed-for-life-over-3-billion-fraud.html" target="_new" rel="nofollow">http://www.telegraph.co.<span class="glossaryitem" onmouseover='gp(134);'>uk</span>/news/worldnews/asia/china/9274384/Chinas-most-wanted-man-jailed-for-life-over-3-billion-fraud.html</a><br /> <br /> <blockquote class="uncited"><div>China's most-wanted man, a flamboyant, billionaire gangster who was angrily pursued by China's most senior leaders for over a decade, was jailed for life today.<br />  <br /> Lai Changxing, a 53-year-old farmer turned master smuggler, was sentenced by a court in Xiamen, the southern Chinese city he effectively ruled over in the boom years of the mid-1990s, described by some as a Robin Hood figure, and by others as an enemy of the state.<br />  <br /> <br /> "If Lai was executed three times over, it would not be too much," said Zhu Rongji, China'sformer premier, in October 2000.<br />  <br /> <br /> Mr Lai was found guilty of smuggling container ships full of luxury cars, cigarettes and petrol worth a total of nearly £3 billion into Xiamen, while bribing 64 of the city's leaders with at least £3.9 million to look the other way, according to Xinhua, the official Chinese news agency.<br /> <br /> At one point, he ran a private seven-floor bordello, named the Red Mansion, to which he would invite friendly government officials. At the time the People's Daily newspaper said the club, was where dozens of high-ranking officials "resigned themselves to degeneracy and became tools of Lai's group".<br />  <br /> <br /> His most prized possession was a bullet-proof Mercedes once owned by Jiang Zemin, China's then president. He bought and played for Xiamen's local football team, and he tried to build an 88-floor tower that would have been the country's tallest building.</div></blockquote><br />  <br />  ]]></description>
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				<pubDate><![CDATA[Sat, 19 May 2012 15:17:20]]> GMT</pubDate>
				<author><![CDATA[ rockerbikie]]></author>
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