Supreme court overrides death penalty for Wu Ying

The Supreme People's Court (SPC), or China's top court, has not approved the death sentence for Wu Ying, a businesswomen convicted of cheating investors out of several hundred million yuan.

After reviewing the Wu case of fundraising fraud, the supreme court remanded it for review in the Zhejiang Higher People's Court, Xinhua was told Friday.

The SPC held that the facts of the case were clear, the evidence was sufficient, the nature of the crime Wu committed had been determined accurately in the verdicts which were made by lower courts.

"Wu obtained an extremely large sum of money through fraudulent fundraising, causing severe losses to the victims, undermining the national financial order and creating extremely harmful effects, and thus entails a penalty in line with the law," the SPC ruled.

However, after being taken into custody of law enforcers, Wu admitted the crimes she committed, and also admitted that she bribed government employees, the SPC added.

After fully considering all the factors, the SPC ruled that immediate execution may be inappropriate in the Wu case, overriding the death sentence.