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.
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