:4 Agricultural Bank of China Robbery – China ($6.7 million) |Timepass

Monday 3 January 2011

Agricultural Bank of China Robbery – China ($6.7 million)

Agricultural Bank of China Robbery – China ($6.7 million)
Agricultural Bank of China was robbed by two branch managers employed at the Handan branch of the bank between 16th March 2007 and 14th April 2007. Initially a branch manager Ren Xiaofeng, stole $26,000 in October 2006 and purchased Chinese lottery ticket. Luckily he won the lottery and returned the money to the vault of the bank. Emboldened by

his initial success, he shared his plan with another manager, Ma Xiangjing. They decided to do the same crime but on a far larger scale this time. During March and April 2007, the two stole, and spent 4.95 million on lottery tickets. This time they lost the lottery. Scared and frustrated, they attempted another robbery and stole six cash boxes containing a further $ 2.7 million on April 14, spending 14 million in a single day in an effort to recover their losses. Soon the heist was discovered and inquires were set up. Both Ren and Ma were executed in Hebei province on April 1, 2008.

Agricultural Bank of China

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