Chinese bank employees executed for theft

By RIA Novosti

Beijing : Two employees of a Chinese bank in the northern province of Hebei were executed Tuesday in the country’s biggest bank heist to date, the China Daily said.

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Ren Xiaofeng, 34, and Ma Xiangjing, 37, who worked as vault managers of the Agricultural Bank of China in the Handan city branch stole some 52 million yuan ($7.3 million) from the vault.

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

After bank authorities discovered the missing millions, the two 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 respectively in prison.