Advertisement

Tender-fee conman gets life

Reading Time:1 minute
Why you can trust SCMP

A man who tricked 169 contractors into submitting tenders and paying him nearly 11 million yuan (HK$9.7 million) was sentenced to life imprisonment and had his political rights deprived.

Advertisement

Li Siwei received 10.96 million yuan in 'tender fees' from contractors in 10 provinces between 1994 and 1998 by claiming he was the chairman of a Cambodian firm, the Guangzhou Daily said yesterday.

The scam started in 1994 when Li set up shell firms in Guangdong claiming he had obtained government approval for four port and highway projects in two cities in Guangdong.

He then used the companies to sign contracts with the contractors and obtained 'tender fees' from them.

Advertisement
Advertisement