Chen Liming, Former Chief Financial Officer of China Southern Air Holding Co, was sentenced to death, suspended for two years, for embezzlement, the Guangzhou Daily reported over the weekend, citing a court decision. Chen was also deprived of all his personal assets, the newspaper said.

Chen was convicted of embezzling 1.2 billion yuan (US$176 million) of company money that he invested in a trust, which later went bankrupt, the newspaper said.

(Shanghai Daily August 25, 2008)