Financial Expert who got it wrong - Executed!
19 March 2010, 09:52 PM
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Financial Expert who got it wrong - Executed!
No wonder the Tories are trying to lose the election .... Osbourne hasn't got a chance! 
A leading North Korean financial expert has been dragged before a firing squad and shot dead for ruining the country's financial affairs.
Mr Pak Nam Ki was responsible for revaluing the communist regime's currency last November, but his attempts to curb inflation caused nationwide misery - and leader Kim Jong Ill was not amused.
It is understood the execution is an attempt to contain civil unrest.
Under Mr Pak's orders, people holding old banknotes were instructed to cash them in - at a rate of 100 old notes for one new one. Further hardship was imposed with a restriction on the number of old notes that could be exchanged.
Savings were wiped out, prices soared and people went hungry, sparking anger among many North Koreans left with piles of worthless bills.
When Kim saw what 77-year-old Pak had done, he ordered the financier to be sacked from his job as chief of the communist party's planning and finance department, then put him on trial, according to reports reaching South Korea.
After being found guilty of ruining the national economy, he was taken to a military range in the capital, Pyongyang, and shot dead by a firing squad.
Read more: North Korea execute finance minister Pak Nam Ki for ruining economy | This is Money
A leading North Korean financial expert has been dragged before a firing squad and shot dead for ruining the country's financial affairs.
Mr Pak Nam Ki was responsible for revaluing the communist regime's currency last November, but his attempts to curb inflation caused nationwide misery - and leader Kim Jong Ill was not amused.
It is understood the execution is an attempt to contain civil unrest.
Under Mr Pak's orders, people holding old banknotes were instructed to cash them in - at a rate of 100 old notes for one new one. Further hardship was imposed with a restriction on the number of old notes that could be exchanged.
Savings were wiped out, prices soared and people went hungry, sparking anger among many North Koreans left with piles of worthless bills.
When Kim saw what 77-year-old Pak had done, he ordered the financier to be sacked from his job as chief of the communist party's planning and finance department, then put him on trial, according to reports reaching South Korea.
After being found guilty of ruining the national economy, he was taken to a military range in the capital, Pyongyang, and shot dead by a firing squad.
Read more: North Korea execute finance minister Pak Nam Ki for ruining economy | This is Money
20 March 2010, 02:31 PM
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No wonder the Tories are trying to lose the election .... Osbourne hasn't got a chance!
A leading North Korean financial expert has been dragged before a firing squad and shot dead for ruining the country's financial affairs.
Mr Pak Nam Ki was responsible for revaluing the communist regime's currency last November, but his attempts to curb inflation caused nationwide misery - and leader Kim Jong Ill was not amused.
It is understood the execution is an attempt to contain civil unrest.
Under Mr Pak's orders, people holding old banknotes were instructed to cash them in - at a rate of 100 old notes for one new one. Further hardship was imposed with a restriction on the number of old notes that could be exchanged.
Savings were wiped out, prices soared and people went hungry, sparking anger among many North Koreans left with piles of worthless bills.
When Kim saw what 77-year-old Pak had done, he ordered the financier to be sacked from his job as chief of the communist party's planning and finance department, then put him on trial, according to reports reaching South Korea.
After being found guilty of ruining the national economy, he was taken to a military range in the capital, Pyongyang, and shot dead by a firing squad.
Read more: North Korea execute finance minister Pak Nam Ki for ruining economy | This is Money
A leading North Korean financial expert has been dragged before a firing squad and shot dead for ruining the country's financial affairs.
Mr Pak Nam Ki was responsible for revaluing the communist regime's currency last November, but his attempts to curb inflation caused nationwide misery - and leader Kim Jong Ill was not amused.
It is understood the execution is an attempt to contain civil unrest.
Under Mr Pak's orders, people holding old banknotes were instructed to cash them in - at a rate of 100 old notes for one new one. Further hardship was imposed with a restriction on the number of old notes that could be exchanged.
Savings were wiped out, prices soared and people went hungry, sparking anger among many North Koreans left with piles of worthless bills.
When Kim saw what 77-year-old Pak had done, he ordered the financier to be sacked from his job as chief of the communist party's planning and finance department, then put him on trial, according to reports reaching South Korea.
After being found guilty of ruining the national economy, he was taken to a military range in the capital, Pyongyang, and shot dead by a firing squad.
Read more: North Korea execute finance minister Pak Nam Ki for ruining economy | This is Money
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