Business

Chen Liming, Former Chief Financial Officer of China Southern Air Holding Co, was sentenced to death, suspended for two years, for embezzlement, the Guangzhou Daily reported over the weekend, citing a court decision. Chen was also deprived of all his personal assets, the newspaper said.

Chen was convicted of embezzling 1.2 billion yuan (US$176 million) of company money that he invested in a trust, which later went bankrupt, the newspaper said.

(Shanghai Daily August 25, 2008)