BEIJING - A COURT in north-east China sentenced to death a billionaire who hired two people to kill his former business partner following a legal dispute, state media reported late on Friday.
Wang Wenxiang, 49, paid his personal secretary, Bai Peng, and a migrant worker, Yu Yi, to murder Zhong Yishi in May this year, Xinhua news agency said.
...Wang, whose company Xinheng Corporation is involved in real estate, hired Bai and Yu to kill Mr Zhong, who ran a construction company, following a legal dispute over money, Xinhua reported. Bai and Yu strangled Mr Zhong in an underground garage before burning his body in an abandoned brick kiln, the report said. They also stole 4,000 yuan (S$820) from him.
2. rich US man faces 145 years in prison for insider trading
On December 15, founder of Galleon Group, 51-year old billionaire Raj Rajaratnam was indicted by the New York court for creating the largest insider trading scheme in history. He is suspected in obtaining at least $20 million in improper profits.
Rajaratnam is facing 145 years in prison. He is accused of applying fraudulent insider schemes using sources for non-public information. The complaint alleges that he have engaged in insider trading in shares of Intel, IBM, AMD, Hilton, and Google. According to American financial analysts, this is the largest insider trading scheme of the kind.
Fourteen people were arrested in Galleon Group case. They include five high-ranking employees, Rajaratnam’s deputy, and a number of top managers from several world-famous companies.
They were arrested back in October. According to the investigators, within the last three years alone they have obtained huge improper profits on a “mutually beneficial basis” using insider information.
Rajaratnam is a Tamil born in Sri Lanka. His net worth is estimated at 1.3-1.5 billion dollars. He was ranked 236th richest American and 559th richest person in the world by Forbes.
It is the third large insider information scandal in the USA in the last year. A former Federal Prosecutor Jacob Frenkel believes that it is directly connected with the ongoing financial crisis. He said that the “criminal interest” in Wall Street and stock market has increased lately. The criminals use “aggressive methods.”
3. 183 Filipinos in China jails for smuggling drugs
MANILA, Philippines—A total of 183 Filipinos, mostly women, are in various jails in China for illegal drug trafficking, the Department of Foreign Affairs said.
Citing the report of Philippine Ambassador to China Sonia Cataumber Brady, the DFA also said that since 2007, a total of 48 Filipinos have been meted out the death sentence while 26 the life sentence for acting as so-called drug mules or bringing illegal narcotic drugs into China.
“Despite repeated warnings by the Philippine government, our kababayans (compatriots) continue to be victimized by these drug syndicates with wide network operations in various parts of Asia,” she said, noting that more and more Filipinos continue to be enticed to carry illegal drugs in exchange for money
Brady thus urged “Filipinos to resist any offer of financial reward from these syndicates for carrying prohibited drugs to China or to any other country in the world.”
...All those arrested were caught with narcotic drugs in their person or luggage given to them by “friends” they met in transit or in another country (in particular Bangkok in Thailand, Kuala Lumpur in Malaysia, Macau, Kathmandu in Nepal, Vientiane in Laos, and Hanoi in Vietnam), the ambassador said.
These same “friends” gave them air tickets and pocket money to travel to Hong Kong, Macau, or mainland China with the promise that they would be paid $500 or more upon delivery of the drugs to a contact in their destination, she added.
4. Brazilian woman dies after swallowing crack cocaine to save son from cops
A Brazilian woman died after swallowing 60 crack cocaine rocks to prevent police from arresting her son on drug charges, a media report said.
Joselita de Moraes died Saturday at a hospital in Maceio, the capital of the northeastern state of Alagoas. Police went to the woman's residence Friday to question her 16-year-old son, who had been identified as a drug dealer, the Terra Web site reported. The teenager had 60 crack cocaine rocks at home that Moraes swallowed in a desperate attempt to destroy the evidence.
Officers called for an ambulance to take the woman to the hospital, where she died from the overdose of crack cocaine, which is becoming increasingly popular in Brazil.
source: brazil news
5. Brazil man stuck stepson with needles as revenge
RIO DE JANEIRO —
A Brazilian man publicly confessed to pushing dozens of needles into his 2-year-old stepson, saying Sunday in a jail cell interview that he intended to kill the boy out of spite for his wife and didn’t think he would be discovered.Speaking to Globo television’s “Fantastico” program from the northeastern state of Bahia, 30-year-old bricklayer Roberto Carlos Magalhaes described mixing water with wine to dope the child before he and his lover held the boy down and stuck sewing needles into him.
“I did this two or three times a week during one month,” Magalhaes said....The bricklayer told detectives that dos Santos would enter into trances and give him commands to insert the needles, police inspector Helder Fernandes Santana said.
read more @ japan today
6. DC cop pulls out handgun after snowball hits his Hummer
This is the terrifying moment that an American police detective pulled out his handgun after he was targeted in a snowball fight.
Washington police are investigating the incident, when the off-duty officer drew his gun in the midst of the light-hearted battle.
About 200 people from a Washington D.C. neighbourhood had gathered to brave a snowstorm for a massive snowball fight.
'It was pretty fun,' one unidentified participant told reporters. 'But when the gun came out, it just changed the tone of the thing a little bit.'
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