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Two bank workers who stole 45 million yuan (HK$49.93 million) to buy lottery tickets have been executed in Hebei province, according to an
AFP report quoting the Xinhau News Agency. The two vault managers started taking money from the safe to play the state lottery, hoping they would eventually win back enough to replace the missing funds.
Makes you wonder what fate would befall the top execs at any state-run banks that lost money from making the wrong bets in derivatives. I'd wager they wouldn't qualify for the extravagant rewards lavished on Chuck Prince, Stan O'Neal, Angelo Mozilo, and
other big money losers in the more sophisticated Western economies.
Head of Research
06 Oct 2006
This post is from a series of posts in the group:
A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.