Yuan Baojing
Yuan Baojing (simplified Chinese: 袁宝璟; traditional Chinese: 袁寶璟; pinyin: Yuán Bǎojǐng; 16 February 1966 – 17 March 2006) was a Chinese billionaire from Liaoyang, Liaoning province. He was the president of the Beijing-based Jianhao Group. He was convicted of murder and executed in March 2006.
Yuan lost nearly 100 million yuan in futures trading, and believed that it was caused by the Sichuan businessman Liu Han's manipulation of a broker. He offered a former policeman, Wang Xing, 160,000 yuan for Liu's life. Wang in turn hired the contract killer Li Haiyang. In February 1997, Li shot at Liu twice in a Sichuan hotel but missed him. Li was captured and later sentenced to life in prison. Wang Xing then repeatedly blackmailed Yuan Baojing, who, with his brother Yuan Baoqi, hired their cousins to murder Wang in 2003.[1]
Yuan was found guilty of the murder in January 2005 and was due to die by firing squad on 14 October 2005. The day before the execution date, his wife, Zhuoma, a Tibetan dancer, transferred ownership of shares worth 49.5 billion yuan to the government, including shares of an Indonesian oilfield. It won a stay of execution until March 2006.[2][3]
Yuan Baojing, along with his brother Yuan Baoqi and cousin Yuan Baosen, was executed by lethal injection in March 2006. Another cousin, Yuan Baofu, received a suspended death sentence.[3]
The Jianhao scholarship is seen by many as the top scholarship in China. Since 1996, over 900 college students across the country had received the scholarship. Yuan Baojing established at least two elementary schools in Tibet. [citation needed]
References
- ^ "Billionaire executed for contract murder". Xinhua. 18 March 2006. Retrieved 12 February 2015.
- ^ "Tycoon 'paid £3 bn for stay of execution'". The Telegraph. 12 November 2005. Retrieved 12 February 2015.
- ^ a b "Rise of Chinese whizzkid ends in lethal injection". The Independent. 20 March 2006. Retrieved 12 February 2015.