Wednesday, May 06, 2009

Punishment In China

Will the US financial regulators have any penalty?


China Quick to Execute Drug Official
Eye Press, via Associated Press
Zheng Xiaoyu, who had admitted to taking bribes over medicines, was put to death Tuesday.

By JOSEPH KAHN
Published: July 11, 2007

BEIJING, July 10 — China executed its former top food and drug regulator on Tuesday for taking bribes to approve untested medicine, as the Beijing leadership scrambled to show that it was serious about improving the safety of Chinese products.
The Beijing No. 1 Intermediate People’s Court carried out the death sentence against Zheng Xiaoyu, 62, the former head of the State Food and Drug Administration, shortly after the country’s Supreme Court rejected his final appeal.

Mr. Zheng, who had appealed his May 29 sentence on the grounds that it was too severe and that he had confessed to the bribery charges against him, became the first ministerial-level official put to death since 2000 and the fourth since China opened its doors to the outside world nearly 30 years ago.

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