A powerful property tycoon in China has confessed to robbing a bank 16
years ago and using the money to start up his massive empire now worth
billions.
According to Peoples Daily Online, Shi, the
53-year-old was arrested last week in the central China's Zhumadian city
for a crime he committed in December 1999.At the time five armed
suspects broke into a bank in the city of Zhengzhou, injuring two clerks
and walking away with 2.8 million yuan (£290,000) in cash.On the
morning of October 21, more than 80 undercover police
investigators rushed to the Zhumadian, Henan province, and arrested five
suspects including billionaire Shi.