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(Reporter Tan Qiuming) together with a state-owned company of other officers, chairman of misappropriation of public funds for lottery gambling. After losing tens of millions in gambling debts to the company on grounds of poor management, debt around, just 5 years the amount of his embezzlement of public funds as high as 5700 million. Yesterday, the Guangzhou Intermediate People's Court hearing the original Guangzhou Ocean Shipping Supply Co., Ltd. Chairman Xiao Xianmin embezzlement case.
misappropriated more than 5,700 million most for gambling debts

prosecutor accused, from August 1999 to November 2003, Xiao Xianmin as Guangzhou Ocean Shipping Supply Co., Ltd. , Guangzhou Ocean Shipping Material Co., Ltd. (state-owned joint venture), Bi source of water purification equipment in Guangzhou Co., Ltd. (Partner) managing director and chairman of three companies responsible for the overall work of his office, has 39 public funds, a total of RMB 57,564,000 million, to repay their gambling debts owed gambling in Macao, as well as any person responsible for its private sector afternoon Xiang Industrial Co., Ltd. Guangzhou, Guangzhou City Watch Company Limited's operations and pay its own debts.
argued that had won more than twenty million to save the company untold miseries

court trial, Xiao Xianmin argued that in 1999 the company has been unable to pay wages, and he hopes to gambling method workers earn money.
Shaw said that he had the beginning of 1999 year-end award of 1.6 million gambling in Macau,moncler official site, has won more than 20 million, the money was later used for his back wages to employees. Before and after April 1999, Shaw met the Macao ############, Since then, he had won more than twenty million yuan Macau ############s, both over ten million mostly for corporate affairs.
for Shaw's self-defense, the Public Prosecution Service said there was no clear evidence that Shaw had made such a move.
Shaw said, after 2000,cheap ghd, his company has liabilities of more than 6000 million, he repeatedly borrowed name of a company, then to Macau gambling is entirely relying on the confidence of winning the first, hoping to This means as much as possible for the company to fill the debt.
Prosecutor: The feeble excuse, no basis

prosecutors that Xiao Xianmin wholly owned or state-owned holding company as a leader, misappropriation of huge funds to Macau for gambling,louis vuitton handbags, which argued that interests of the company and continue to develop a feeble excuse, no basis in the face of business difficulties than lead workers to work hard, but to use the company led by his office, around the name of the company to borrow funds to Macau for gambling and amounted to 5700 million, resulting in huge losses of state-owned enterprises, and had a serious impact.
which is currently the case is under further investigation.