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lottery tickets. This time, however, they were unsuccessful, and did not win enough to replace the money they stole. In desperation, they stole six cash boxes containing a further 18 million yuan (c. US$ 2.3 million) on April 14, spending 14 million in a single day in an effort to recover their losses. Despite Handan reporting record lottery ticket sales, the two recouped only 98,000 yuan (c. US$ 12,700).
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Emboldened by his initial success, Ren joined forces with another manager, Ma
Xiangjing, to perpetrate the same crime on a far larger scale. During March and April 2007, the two stole 32.96 million yuan (c. US$ 4.3 million), and spent almost the entire amount—31.25 million—on
188:, while Zhao and Zhang, the security guards, were charged with misappropriating public funds. A fifth man, Song Changhai, was also prosecuted for harbouring Ma, while he was on the run. The three accomplices were all given sentences of up to five years in prison, while the two managers were
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In Handan five employees of the bank were fired. Only 5.5 million yuan was ever recovered by the police, with the remainder squandered by the perpetrators' gambling.
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The idea for the heist had begun when one of the managers, Ren
Xiaofeng, stole 200,000 yuan (c. US$ 26,000) in October 2006 with the complicity of two
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in China's history. Both Ren and Ma were found guilty by of embezzling and robbing a state-owned corporation and were
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Xiaofeng and Ma Xiangjing robbed and embezzled nearly 51 million
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432:"Two executed in communist China's biggest bank heist - UPI Archives"
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placing the two men on China's "Most Wanted" list. Ma was arrested in
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174:Lianyungang, Jiangsu
366:, Clifford Coonan,
482:Robberies in China
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127:sentenced to death
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250:Banks portal
236:China portal
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76:Hanyu Pinyin
456:Categories
441:2024-09-02
417:2024-09-02
392:2024-09-02
336:, Gu Jia,
274:, Lin Li,
222:References
198:cab driver
117:branch in
180:Aftermath
360:Archived
314:BBC News
200:, and a
194:landlord
52:邯郸农业银行劫案
38:邯鄲農業銀行劫案
170:Beijing
138:lottery
216:Hebei
100:vault
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104:yuan
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