Chinese man holds beauty contest after being unable to afford 5 mistresses!

London, Feb 18 (ANI): Hit by the ongoing credit crunch, a Chinese businessman held a beauty contest to decide which one of his five mistresses to keep.

According to the Peninsula Metropolitan News, Mr Fan had invited the five mistresses, who had all previously learned of each others' existence, to dinner along with a friend and then organised a competition for them, reports the Telegraph.

One woman was eliminated during a "looks round" while two more, were rejected during a speech round.

The final round was a drinking competition.

The Chinese tycoon's attempt to cut down his five mistresses came to a tragic end when one of the spurned women took all four other women and the businessman out for a drive and drove over a cliff in the hope of taking revenge.

While others escaped unhurt, she was the only one who died. (ANI)