16:41 GMT +316 December 2019
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    Chinese bank employees executed over largest ever bank theft

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    BEIJING, April 1 (RIA Novosti) - Employees at the Agricultural Bank of China (ABC), found guilty of the country's biggest bank theft, were executed in the northern province of Hebei on Tuesday, the China Daily paper said.

    Ren Xiaofeng, 34, and Ma Xiangjing, 37, who worked as vault managers in the bank's regional branch in the city of Handan, stole almost 52 million yuan ($7.3 million) from the bank's vault.

    They spent over 45 million yuan ($6.4 million) on lottery tickets in a month hoping to replace the missing money with a lottery jackpot.

    After bank managers discovered the missing millions, the criminals fled, but were arrested after three days.

    Two security guards charged with misappropriating 200,000 yuan ($28,500) were sentenced to five and two years in prison.

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