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Beijing - China on Friday executed three men who were convicted of defrauding major firms and banks of more than 100 million yuan ($12,15-million), state media said.
The Beijing No 1 Intermediate People's Court executed Zu Feng, Sun Liang and Sun Liansheng for organising the massive fraud operation from 1997 to 2001, China News Service said.
The three men and two accomplices used forged company stamps, cheques and other documents to obtain fraudulent loans.