This is a pond conjugated town government's current office building, office conditions is Wuchuan township worst. This piece of open space, was the seat of government of the old building of the town pond conjugation, but the town government owed a "high interest loan" debt, in June 2009 before being demolished. As can be seen from this repayment agreement, less than three years time, more than 30 million loan with interest, it has more than doubled.<br>Ten years ago, a private owner borrowed more than 340,000 yuan to the town government; & nbsp; ten years later, "compound interest" has become "old government building +110 million." Masterpieces anecdote behind,hUSBX00Vu3, what kind of hidden secret? & Nbsp;<br> <br>This is really an enduring unheard!<br> <br>A boss Wuchuan City, Guangdong Province, the town of Tong conjugate, 15 years ago, more than 340,000 yuan by the "usury" to the local town government, even after 12 years with the support of the court a local town government and land owners of old buildings .<br> <br>Reporter survey found that: pond conjugated town government has long had more than 430,000 yuan return to the private owner. Even so, "compound interest" over a decade, the year of more than 340,000 yuan now turn became more than 2.2 million yuan. More than 430,6qrNVSMJab,000 yuan, still not enough to debt service.<br> <br>We must ask, has always been strong in the face of government,doudoune canada goose, the private owner of more than 340,piumini woolrich,000 yuan loan how you can turn on so repeatedly?<br> <br>Text / Chart reporter Zeng Xiangrong, Guan Yu<br> <br>Tong conjugated town 40 km away from Wuchuan city, Guangzhan highway where there is an outlet.<br> <br>Government Notice "has the auction are all dangerous."<br> <br>Along the guidelines of passers-by, the reporter finally found a destination. A sight that stunned reporters: original old government buildings have been demolished, the land had been flat, and covered with a layer of cement.<br> <br>Told reporters about doing business in a nearby stall, the building was demolished in July last year, "a total of seven buildings, originally lived in the dormitory of dozens of families were forced to move out of."<br> <br>The stall owners previously lived in the large courtyard of the old government, he "heard the floor into a private property of the owner." Do not get any compensation when he moved.<br> <br>It is understood, June 11, 2009, issued by the Office pond conjugated town party and government tenants a notice to you: "The government building of the old town has been identified Wuchuan City Safety Committee as dangerous, the building also auctions (Note: The original has typo, should be 'auction') to the new owners, it was decided that all households limited to 16 June 2009 completed the relocation, the relocation expenses the responsibility of the new owners, overdue move at your own risk. "<br> <br>7 real situation is dangerous in 5<br> <br>Reporters get the three "inquest Wuchuan City housing safety appraisal report", the report shows that 7 building in five buildings have been identified as dangerous,JaAa5hJS41, except for 2 additional buildings.<br> <br>Reporters noted that issue "Wuchuan City housing safety appraisal report inquest" was on November 15, 2007, appraisal reports received were "Ye Ming" instead pond conjugated town government.<br> <br>Ye Ming is the sort of person? Reporters learned that the investigation, Ye Ming is an owner of a local legal representative of the original pond conjugated aluminum products plant in the town of supply and marketing cooperatives.<br> <br>In fact,j4zbtrcHwj, the town government asked residents pond augmented the real reason for the relocation of the houses have not been identified as dangerous, but because these buildings and the land has changed the "new owners", the "new owner" is Ye Ming.<br> <br>Why pond conjugated old town government buildings and dormitories will be auctioned to private owners? This stems from a September 2007 of "civil ruling."<br> <br>The court ruled that the government seized the building foreclosed<br> <br>September 2007, Zhanjiang City Xiashan Court ruled that the pond is located in the town government the right to use augmented and seven buildings on land price pond conjugate Changan Town Road (Tong conjugated town government site) of 4336 square meters of land 1.1723 million yuan delivery Ye Ming to cover the debt, "Ye Ming should be held within three months of the ruling to the relevant departments to handle real estate property transfer."<br> <br>The "civil ruling" shows, the court said the seizure of land use right and the buildings, and commissioned a sale, but no one bid and Liu Pai. Ye Ming Zhanjiang City Xiashan apply to the court for the right to use such land and the buildings, to auction the reserve price 1,172,300 yuan debt.<br> <br>November 2007, the court sent a letter to the pond Zhanjiang Xiashan conjugated town government, clearly inform the government of the old buildings and dormitories and land use rights will be delivered to Ye Ming to cover the debt.<br> <br>"Tong conjugated town government in April 13, 1995, May 17 to Ye Ming twice borrowings 341,280 yuan, the two sides agreed monthly interest rate of 3.9%. So far pond conjugated town government owed nothing unpaid principal and interest." The letter He said.<br> <br>Ferocious interest owed 1.1 million yuan in addition to real estate<br> <br>Xiashan court also found from ending April 13, 1995 to September 5, 2007, Tong town government also augmented 3.9% monthly interest settlement interest owed, a total of 1,956,170 yuan, "the one-time interest shall be paid to the Ye Ming. "<br> <br>Court settlement of interest are listed in the formula: "principal 341,280 yuan × monthly interest rate of 3.9% × monthly interest rate 147 months = 1,956,170 yuan."<br> <br>Plus court costs, filing execution fees, assessment fees, the cost of pond conjugated town government should pay the sum of 2,322,108 yuan. The court ruled that the government of the old town pond conjugation and dormitory buildings and land use rights 1,iNac5GR7O5,172,300 yuan delivery Ye Ming to cover the debt, the outstanding part of the debt to continue to be reimbursed by the pond conjugated town government.<br> <br>This means that, in addition to the old government building and land compensation to Ye Ming, the pond conjugated town government still owes the private owner of more than 110 million.<br> <br>Private land owners hand Yujian Property Hotel<br> <br>After a lapse of 12 years, Ye Ming of 340,000 yuan has been super in return, controversy ensued. Reporters at the town pond conjugation interview, several officials said, "the mortgage government building to a private owner, this is a ridiculous thing." At the government level, who should be responsible for this absurd borrowing it? From 1995 to 2007 the courts to enforce borrowers, leading the town pond conjugated changed several stubble.<br> <br>Material obtained from reporters, September 2007 Xiashan foreclosed civil court ruling, the local government adopted a negative attitude of non-cooperation.<br> <br>April 2008 Ye Ming Wuchuan city government wrote a material shows Wuchuan City Planning and Construction Bureau agreed to apply for a planning permit, Ye Ming positive change procedures for the relevant land, but the government refused pond conjugated town land for construction permits, and therefore Ye Ming failed to successfully transfer.<br> <br>Ye Ming in the material, said: "The old town government residential construction land, I am prepared to demolish dangerous buildings above, on the land, build their own private part of the property, but a new residential area."<br> <br>In addition to the construction of residential, Ye Ming also build a six-story hotel plan.<br> <br>Bizarre coincidence execution books together out of dilapidated buildings identified<br> <br>The material also said in November 2007, a person in charge of the Executive Board and the Court Xiashan conjugated town deputy mayor Tong Yang Yade representations to assist the town leaders to vacate the old government building, next to the leaf removal and transfer. October 17, 2007 Court of Zhanjiang Xiashan announcement, "Tong conjugated town government ordered before October 30, 2007 to move out. Late is still not fulfilled, the court will enforce the law."<br> <br>However, Tong conjugated town government still has not vacated the property in accordance with the Court's announcement deadline, handed Ye Ming. After more than a month, Zhanjiang Xiashan court again sent a letter to the town pond conjugated government, ordered the town government, "vacated dangerous" again.<br> <br>The court also requested the government to mobilize the town pond conjugated original residence staff out of old buildings, and a separate placement. Coincidentally, Ye Ming got the "Housing safety appraisal report inquest" from Wuchuan City Safety Committee identified five buildings as dangerous time, also happens in November 2007 - is the court during the execution.<br> <br>Bewildering purchase money? Or a loan?<br> <br>Xiashan District Court in September 2007 of "civil ruling," and from the court in 1996 of Wuchuan a "civil judgments."<br> <br>In March 1996, it was still Wuchuan Tong conjugated town supply and marketing cooperatives aluminum factory manager of Ye Ming Tong conjugated to the town government to court to require the return of the town government Tong conjugated 341,280 yuan to pay all arrears and interest.<br> <br>Yeh said Tong conjugated town government in April 13, 1995, May 17 twice borrowings total 341,280 yuan to him, the two sides agreed monthly interest rate of 3.9 percent, is scheduled for September 10, 1995 to pay off the principal and interest - both sides signed a written agreement. But by the pond conjugated town government fails to repay.<br> <br>Tong conjugated town government recognized the fact that the arrears, but the "town government current economic difficulties, to be received land section, and then return all borrowers."<br> <br>Wuchuan City Court found that this loan was originally used as both sides prepared to land transactions, Ye Ming this land after paying the money, found no good land, so the two sides negotiate the nature of the money to "borrow" . Wuchuan City Court judgment requiring Tong conjugated town government before the end of December 1996 to pay off the principal and interest. Since the pond is no repayment schedule conjugated town government, in January 1997,scrape hogan, Wuchuan Court conjugated to the pond when he was mayor of the town of Lin Sheng issued a notice of execution.<br> <br>Zhanjiang Xiashan Court ruling based precisely Wuchuan Court in 1996 made "civil judgments." "The Court has taken legal effect according to Wuchuan City People's Court (1996) Wu method Minchuzi No. 73 civil judgments, the debtor has Wuchuan City Tong conjugated Town People's Government issued a notice of execution, ordered the debtor Wuchuan City Tong conjugated Town People's Government to fulfill its obligation to determine the effective legal instruments, but the debtor Wuchuan City Tong conjugated Town People's Government has yet to fulfill. "Zhanjiang Xiashan Court" civil ruling, "he said.<br> <br>High interest doubt a close cordon<br> <br>Tong town incumbent officials conjugated high interest in the offing. Reporters contacted the mayor of the town as conjugated pond in the forest when the borrower wins, asking how the monthly interest rate of 3.9% come, Lin Sheng said: "I do not know what the borrower,4L19VCMmkF, if there is my signature on the loan agreement, That is certainly the team members all agree. "<br> <br>"Several Opinions of the Supreme People's Court of the People borrow case," Article 6: private lending interest rates higher than bank interest rates may be appropriate for ...... but can not exceed similar banks lending rate four times (including the interest rate of the number). Interest beyond this limit will not be protected. & Nbsp;<br> <br>Reporters inquiry informed-year bank loan interest rate when the two sides signed a loan agreement for 10.98%,hogan outlet, ie the monthly interest rate 0.915%, which was 3.66% four times the cordon. 3.9% clearly exceeded 3.66%. But "civil ruling," Look, the monthly interest rate has been recognized Xiashan Court.<br> <br>2 The Government has also doubts over 430,000 yuan?<br> <br>Through the survey, the reporter found by the parties intentionally or unintentionally overlooked a secret: Tong Ye Ming conjugated town government had returned 433,750 yuan at the beginning of 1998. A "cash expenditure voucher" obtained by reporters,7EE3SdKl1z, the specific time for payment is January 22, 1998, "the return of the former Office of Urban Construction Ye Ming borrow money 341,5jXRTP0xcj,280 yuan, 86,672 yuan of interest, acceptance fee of 5798 yuan, totaling 433,750 yuan." When he was mayor of the town Lin Sheng Tong conjugated signed his name, while a signature is "Ye Zhenjiang." Lin Sheng told reporters, Ye Zhenjiang is Ye Ming's son. Reporters learned that Lin Sheng from 1990 served as deputy mayor of the town pond conjugation, 1993 served as mayor until 1998 transferred.<br> <br>March 12, in an interview with reporters in a telephone interview, Lin Sheng complained:. "Ye Ming came to the court report, doing so very kind."<br> <br>Lin Sheng also said that "things will trouble like this, are later no matter what caused the town leaders. If I was still in office, Ye Ming certainly not dare."<br> <br>Deputy Mayor Tong conjugated town provided to reporters a "debt repayment agreement." The agreement was signed on January 20, 2008, the town government party is conjugated pond,scarpe hogan outlet, pond conjugate B is an aluminum factory town supply and marketing cooperatives, respectively, and Ye Ming Lin Sheng signature. "Party on April 13, 1995 and May 17 by the B section 341,280 yuan, a monthly interest rate of 3.9% interest until January 20, 1998, interest 449,378 yuan, 5798 yuan processing fee, three total 796,456 yuan . "In order to be able to depend on return of arrears, the two sides agreed Party on January 20, 1998 the return of 433,750 yuan owed to Party B, owed 362,706 yuan; after 20 January 1998, the monthly interest rate is no longer the Party 3.9% interest to B, only the monthly interest rate by 1.7% to B; to pay off the balance within six months.<br> <br>After obtaining this agreement to pay debts, the reporter to contact their authenticity Forest wins again. Lin Sheng said that if his signature on the agreement, it should be the truth, he said:. "Interest is given team, the money is borrowed Urban Construction Office, I do not know."<br> <br>Cash expenditure vouchers and repay debt agreement is true, which means that, as early as January 1998, Tong conjugated town government had to principal 341,280 yuan back to Ye Ming, also part of the interest paid.<br> <br>However, in 2007 Zhanjiang Xiashan Court civil ruling apparently did not mention this, whether intentionally conceal Ye Ming Tong conjugated town government has returned the fact that part of the principal and interest? What he intended to do so?<br> <br>Reporter called Ye Ming phone, but the man answered the phone said he was Ye Ming's family, told reporters that wish to borrow dispute Yeh and Tong conjugated town about it, and the man let reporters to leave contact phone, "I'll Let Ye Ming return phone calls. " As of press time, Ye Ming has been no contact reporters.<br> <br>3 reasons for doubt town government borrowing mystery<br> <br>From April 2008 Ye Ming wrote Wuchuan city government, "according to the law requires the government to vacate the town pond conjugated dangerous to be auctioned and for construction land planning permit application" can be seen, there is no mention Tong Ye Ming town government has also augmented section of this fact.<br> <br>"(Last century) in the early 1990s the price is cheap, I borrow several hundred thousand dollars to the town government land to build roads, to support home construction, and the two sides agree to sign the agreement, the borrower does not return after half a year, the town government town government voluntary foundations prevailing interest I paid the town government default, and should be held liable. "Yeh said.<br> <br>Ye Ming also believes that he has no obligation to the old quarters of households placement, because he is not a transformation of the old company, the town government has the responsibility for resettlement.<br> <br>For pond conjugated why the town government in 1995 owed more than 340,000 yuan debt Ye Ming, the parties have a different view. Ye Ming to say that "the land to the town government to build roads, to support home construction", according to the 1996 survey Wuchuan court, this loan was originally used as the two sides prepare land transactions, land Ye Ming paid the money, but Because there is no good land, the two sides agreed to put money nature changed to "borrow."<br> <br>Parties say different, even when he was mayor of the town of Lin Tong conjugated wins, "it is not clear why the specific owe," because "the money was borrowed to do town urban construction."<br> <br>4 Government doubt why "there is evidence not move?"<br> <br>When in November 2007 Zhanjiang Xiashan Court, Tong conjugated town government there will be the key evidence "cash expenditure vouchers" to the court do?<br> <br>When reporters contacted the mayor of any town pond conjugated Wang Changling, Wang Changling allow reporters to find the pond was conjugated to the town party secretary to understand the situation, the party secretary of the Party committee of letting reporters to contact a current pond conjugated town, but the party members He said, "I do not know."<br> <br>Reporters came to interview Tong conjugated town government, for this bizarre debt, augmented town pond relevant leaders are unwilling to be interviewed. Finally, the deputy mayor of the town pond conjugated related materials provided to reporters.<br> <br>Yang Yade said Tong conjugated town government buildings and dormitories instead of the old Ye Ming demolished, he has been transferred to a piece of land called "Sheng" people. "The town government not only did not agree, but still did not agree to land for construction permits."<br> <br>When a reporter asked whether the pond conjugated town government had provided material proof problems Ye Ming returned 433,750 yuan owed to the court, the Yang Yade said, "I'm not sure, contact your pond conjugated town government has Xia, director of Justice wins it." But once the summer wins told reporters, "specific details, I did not know."<br><br>
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