DavidCadogan.ca Forums » DavidCadogan.ca

sooner or later the capital chain rupture

(1 post)
  • Started 10 years ago by v8nS6Aq3Sd

  1. v8nS6Aq3Sd
    Member

    <br>Culprit Zhang Junchuan sentenced jailed for nine years<br> <br>Yangcheng Evening News (microblogging) News reporter Zheng Xusen, Zhang Luyao, correspondent declared spike method reports: Today morning, the Guangzhou Intermediate People's Court on Jun associated company, Zhang Junchuan and other alleged financial fraud, illegal absorbing deposits made case retrial verdict. Court accused unit Jun associated company, the defendant Zhang Junchuan seven per capita constitute the crime of illegal deposits from the public. Zhang Junchuan was sentenced to nine years and fined 450,000 yuan; the other six defendants were sentenced to four years --7 years ranging from imprisonment, Jun associated company sentenced to a fine of 800 million yuan.<br> <br>Sequestration: funds raised over 480 million yuan<br> <br>Court for retrial to identify, early in 2003,http://fukustock.com/viewtopic.php?pid=2719660#p2719660, the defendant Zhang Junchuan Jun associated company invested to build, the same year on July 6 Jun associated company incorporated and any legal representative. Jun associated company in the case without the approval of People's Bank of China to raise funds to the public through advertising and by the business staff to customers about other forms of investments hype the company's asset size, results of operations, prospects and the above listed items etc.,moncler outlet italia, and to promise the masses at an average annual rate of return of about 25% in cash shares, investment in Shanxi coke trading center, to invest in building peace, to customer loans, on behalf of the cooperative electrical installation engineering,http://www.tuiuw.com/plus/feedback.php?aid=613, and the masses signed an investment period of one year or two years of "cooperation agreement",moncler pas cher, "repayment plan", to the people illegally funding.<br> <br>Jun associated company illegally returned to the people and most of the money by the defendant Zhang Junchuan personal account transfer, after the company made payments victims, 25% of the funds will be used for sales commission, 25 percent for debt service to victims the remaining part of the funds for related projects Conghua Pearl Industrial Park,http://natyuraltste.3rin.net, Taiyuan Haber center, Shanxi palace building, peace building and so on.<br> <br>After Forensic Accounting, from February 2003 to April 2008 period,piumini woolrich, Jun associated company using the above manner to the masses absorb capital of RMB 3355 more than 480 million yuan, the return of the masses to raise capital of about 106 million yuan RMB, raising the masses to Jun associated Company borrowing funds about RMB 1.83 million yuan; Jun associated companies raising dividends to the masses about RMB 40 million yuan; May 2006 to December 2007, Jun associated company business manager and clerk wages and commission of about 60 million yuan ; raising the masses caused direct losses totaling about 330 million yuan. Lin Weibo business a defendant responsible for the masses to 606 RMB funds illegally raised approximately 120 million yuan, there are about 80 million unreturned masses; defendant Sun Gang,piumini moncler, responsible for business two masses to 859 yuan about illegal fund-raising 140 million yuan, there are about 9,000 million was returned to the masses; PENG defendant responsible for business three to 754 mass illegally raised funds of about 9.9 ten million yuan RMB, there are about 6.6 ten million yuan unreturned masses; Defendant Jiang Haokai individuals to 174 mass illegally raised funds of about 400 million yuan RMB, there are about 2.8 ten million yuan unreturned masses. Investment funds have been recovered masses have 473 people, a total of about 40 million yuan, is not fully recover the investment section of the masses have 2882 people, a total of about 440 million yuan. & Nbsp;<br> <br>Conviction: the crime of illegal deposits from the public<br> <br>December 10, 2009, the Guangzhou Intermediate People's Court verdict, Jun associated company and its legal representative Zhang Junchuan, committing financial fraud and sentenced to a fine of 10 million yuan, Zhang Junchuan sentenced to 15 years; Feng for the mind, Lin Weibo,http://www.chrisadamsperfumes.com/index.php?item/create_form/1, Sun Gang, Peng cloud, Jianghao Kai, Xiao Zhi six backbone of the company and other groups, to commit the crime of illegal deposits from the public, were sentenced to nine years to three years and fined. Jun associated companies and which the six accused appealed, the case is then determined by the Guangdong Provincial High Court ruling,http://www.cecyteo.edu.mx/site/index.php, sent back to the Guangzhou Municipal Intermediate People's Court for retrial.<br> <br>After reviewing the case, the Guangzhou Municipal Intermediate People's Court made a new verdict. The defendant Jun associated company and the legal representative Zhang Junchuan charges from the "fund-raising fraud" to "the crime of illegal deposits from the public."<br> <br>After reviewing the law court accused unit Jun associated Guangzhou Communication Technology Co., guilty of illegal deposits from the public and sentenced to a fine of 8,000,000 yuan; defendant Zhang Junchuan guilty of illegal deposits from the public and sentenced to nine years imprisonment and fined RMB 0.4 one hundred and fifty thousand yuan; defendant for the mind Feng guilty of illegal deposits from the public and sentenced to seven years imprisonment and fined four hundred thousand yuan; Lin Weibo defendant guilty of illegal deposits from the public and sentenced to seven years imprisonment, fined RMB thirty 50,000. Sun Gang defendant guilty of illegal deposits from the public and sentenced to six years imprisonment and fined three hundred thousand yuan; PENG defendant guilty of illegal deposits from the public and sentenced to six years imprisonment and fined three hundred thousand yuan yuan; defendant Jiang Haokai guilty of illegal deposits from the public and sentenced to five years imprisonment, a fine of two hundred and fifty thousand yuan; defendant Xiao Zhi group guilty of illegal deposits from the public and sentenced to four years imprisonment and fined fifty thousand yuan yuan.<br> <br>Judge: sooner or later the capital chain rupture<br> <br>The case, scheduled for today 8:50 retrial verdict. Reporters from the scene observed as early as 7:50 before the scene more than a dozen people in the queue, to 8:20 time-sharing, the site has already lined up more than a hundred teams.<br> <br>Guangzhou Intermediate People's Court Criminal Judge Zhao Zhichun Second Chamber pointed out that from Jun associated company business point of view, entity management is basically a loss, the company's debt service to determine the absorption rate of return of 25% deposit items, the clerk of mention become 25% deposit items absorption, which indicates that Jun associated company will suck half term deposit used to pay principal and interest and the commission said,http://huanghongm.com/news/html/?109341.html, the actual investment project and for business development can only suck from the remaining half of the deposit item expenditure, This return on investment ratio is obviously not in line with economic laws impossible to support normal business operations, the maintenance of operating is by constantly absorbing public deposits, funds strand breaks sooner or later. Illegal fund-raising behavior Jun associated companies constitutes a crime, public security, procuratorial,louboutin pas cher, judicial organs according to law must be timely treatment, otherwise there will be more people will be trapped, losses will be greater.<br> <br>[Judge] doubts<br> <br>Q: Why Indefinite Zhang Junchuan et al financial fraud?<br> <br>Zhao Zhichun (LLM, the Guangzhou Intermediate People's Court Criminal Second Chamber): First, according to available evidence in this case shows that after Jun associated company, the financial system is not very sound, no complete and clear record of the purpose and destination of the funds set while spending the company's offices for rent, advertising and media campaigns, establishment of branch offices and other business activities are not small,http://marandy.foyer.be/spip.php?article79, but the exact amount could not verified.<br> <br>Second,http://www.88822.com/#03666/read.php?tid=980, Jun associated companies do have investments and investment unfavorable situation of chaos, but among the evidence submitted by the prosecutor and did not find the company's legal representative Zhang Junchuan have profligacy raised funds and raised funds to bring the case to abscond.<br> <br>Third, given the Jun associated companies of illegal fund-raising activities are an integral part of its corporate business practices, so the return of principal and interest of the masses should be included in its operating funds, the company will collect funds for the production and management of funds The proportion of over 50%, can not be said to be significantly disproportionate.<br> <br> Share: welcome to comment I want to comment<br> Microblogging Recommended | today's hot microblogging (edit: SN026)<br>

    Posted 10 years ago #

RSS feed for this topic

Reply

You must log in to post.