2009: Li Peiying, corrupt aviation kingpin

Add comment August 7th, 2014 Headsman

On this date in 2009, China executed Li Peiying, the former chairman of a vast airport conglomerate that managed, among many others, Beijing Capital International Airport.

Li was convicted on corruption charges that netted £11 million in bribes and embezzled public funds from 1995 to 2003. Li’s case for leniency was that he gave it all back; the court’s case for aggravation was that Li had solicited (and not merely accepted) the bribes, an “extremely serious crime” resulting in “large economic losses.” For instance, nightclub mogul Qin Hui* was able to secure through Li $90 million in loans and guarantees

The state-owned Capital Airports Holding Co. that Li managed was reported at the time of his execution to employ 38,000 people and handle 30% of China’s air traffic.

In 2011, the successor to the corporate titancy Li was deposed from, Zhang Zhizhong, was himself convicted of wholesale corruption.** Perhaps in deference to China’s ongoing gradual de-escalation of penalties imposed for white-collar economic crimes, Zhang received only a 12-year prison sentence.

* Qin Hui shares a name with a villain in the classical story of Yue Fei. Our Qin Hui just owned the Paradise club in the Great Wall Sheraton.

** China’s aviation industry as a whole is notorious for corruption.

On this day..

Entry Filed under: 21st Century,Businessmen,Capital Punishment,China,Crime,Death Penalty,Execution,Lethal Injection,Pelf,Ripped from the Headlines

Tags: , , , , , ,


Calendar

May 2019
M T W T F S S
« Apr    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Archives

Categories

Execution Playing Cards

Exclusively available on this site: our one-of-a-kind custom playing card deck.

Every card features a historical execution from England, France, Germany, or Russia!