BEIJING — The former manager of a state-owned Chinese company who lost $850,000 in public funds gambling in Macao has been executed, an official newspaper reported Monday.
The Legal News said Zhang Xiaoming was executed recently, but it did not give the date.
Zhang was general manager of the Dongjiang Electric Industrial Co. in Zhuhai, one of China's special economic zones near Hong Kong, the newspaper said. It said he and an accomplice, identified only as Li, funneled money from the electric company through a Macao trading company and into the Macao branch of the Bank of China. The Zhuhai Intermediate Court convicted Zhang of graft and imposed the death penalty.