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Wu Ying

Wu Ying appeals to Supreme Court to overturn death sentence for fraud

Wu Ying

Wu Ying, the self-made billionaire convicted of defrauding investors in a 770 million yuan (HK$956 million) scheme, has appealed to the Supreme People's Court to overturn her death sentence.

Saturday, 23 February, 2013, 4:47am

Billionaire's death sentence suspended

The death penalty for 30-year-old Zhejiang billionaire Wu Ying was upheld yesterday in a retrial, but suspended for two years - a decision hailed by some legal experts but slammed by Wu's father, who maintained she was innocent.

22 May 2012 - 12:00am

Death sentence that left entrepreneurs in shock

The mainland's shadow banking system may have made many people rich, but it also has a dark side.

Billionaire Wu Ying, 30, was sentenced to death in 2009 for illegally raising funds with the intention to defraud - a verdict that has shocked thousands of entrepreneurs in eastern Zhejiang province, as they have used underground loans to grow their businesses.

23 Apr 2012 - 12:00am

Legalise underground banks, delegates urge

Delegates to the mainland's top political advisory body have called for underground banks that operate in the grey area of informal lending and fund-raising to be legalised.

12 Mar 2012 - 12:00am

Ponzi scheme tycoon's missing assets revealed

The whereabouts of millions of yuan of assets belonging to the former Zhejiang tycoon Wu Ying, who is on death row pending a final court review, has finally been revealed, almost five years after her arrest.

10 Feb 2012 - 12:00am

Xinhua stands up for woman facing death

In two unexpected articles, the state-run Xinhua News Agency has shown what appears to be sympathy for 29-year-old billionaire businesswoman Wu Ying, who was recently sentenced to death for fraud.

8 Feb 2012 - 12:00am

Death is too high a price for Wu to pay

The death sentence handed last month to businesswoman Wu Ying for fraud has prompted a rare unanimous plea for mercy from the mainland public, and rarer still, some rational discussions on the use of capital punishment.

2 Feb 2012 - 12:00am

Fallen tycoon appeals against death sentence

Wu Ying - once one of the mainland's richest people and sentenced to death in 2009 in a high-profile fraud case - has appealed to a Zhejiang court against the ruling.

Zhang Yanfeng, Wu's defence lawyer, said he was hopeful that Wu would get a lighter punishment.

11 Apr 2011 - 12:00am

27-year-old tycoon charged with fraud

Prosecutors in Jinhua , Zhejiang province , have formally charged a 27-year-old businesswoman who built a paper fortune by illegally raising money through fraud.

5 Nov 2008 - 12:00am

Tin Dragons

Tin Dragons

by John Biggs

Maygog, HK$116

13 Jul 2008 - 12:00am

Billionaire tycoon, 26, charged with illegal fund-raising, fraud

Zhejiang beautician-turned-billionaire Wu Ying , 26, was charged yesterday with illegal fund-raising and contract fraud involving 100 million yuan.

Wu - president of the Bense Holding Group, which owned businesses ranging from hotels to advertising firms and laundries - was detained in Dongyang in February on suspicion of illegally soliciting funds from the public.

14 Jul 2007 - 12:00am

Celebrity tycoon probed for land deal

Boom town shocked after TV investor flees party's disciplinary confinement

Police are searching for a celebrity entrepreneur from booming Zhejiang province to face allegations of 'severe corruption' in land bidding four years ago.

3 Mar 2007 - 12:00am

Arrest a relief for face-conscious tycoon: lawyer

The arrest of 26-year-old tycoon Wu Ying has freed her from the psychological pressure of maintaining the business empire she built through heavy borrowing, company lawyer Zhu Weihong said yesterday.

Ms Wu, president of Bense Holdings Group in Dongyang , Zhejiang , was arrested at the weekend on suspicion of illegally soliciting funds from the public.

13 Feb 2007 - 12:00am

Source of beautician's assets still a mystery

Wu Ying has come a long way since working as a beautician in her home city of Dongyang in Zhejiang province .

Ms Wu was born in a Dongyang village in 1981 to a construction sub-contractor father and a farmer mother. She has three sisters, according to media reports.

12 Feb 2007 - 12:00am