<br>Approximately HK $ 70 million has been won after turning back, Dongguan, a former chairman jailed for ten years the company<br> <br>Express News reporter Zou Liuzhou intern reporter Huang Jie correspondent Huang Caihua reported yesterday from Dongguan City Second People's Court heard that a company chairman Chen Moudong Dongguan, for misappropriating more than 270 million yuan (Renminbi unless otherwise indicated) of public funds for gambling , misappropriation of funds has recently been sentenced to ten years.<br> <br>Code to raise huge sums of money lies<br> <br>This year 43-year-old man Chen Moudong Dongguan, Dongguan City, a former Department of Industrial Co.,woolrich outlet online,http://www.tfc-charts2.w2d.com/forum/index.cgi, Ltd., 25% of the legal representative,canada goose homme, holding company shares. In October 2010, claiming that Chen Moudong oil company BP joint venture in Hong Kong to keep the oil business, the shareholders' meeting convened to discuss fund-raising. Because in previous years the company has invested in the oil business to earn huge profits, the other three shareholders have agreed to the proposal shareholder meeting. Soon, the company through bank loans,http://www.aihoku.net/cgi-local/aska/aska.cgi/RxjBWmFRbUydUwDHWY,moncler outlet online,http://yunsirbbs.no3.mfdns.com/home.php?mod=space&uid=1662, to private placements, shareholder investment, etc.,http://www.ieyebook.com/home.php?mod=space&uid=1, to raise a total of more than 270 million yuan of funds.<br> <br>At this point, Chen Moudong been gambling by nature, called to raise huge amounts of money to invest oil money, just to raise money for gambling and to repay gambling debts lies.<br> <br>After the incident, according to a customer Lisboa hotel manager said, began in August 2008, gambling in Macau, June 2010 Lisboa Hotel in Macau won the bet, the more the greater of approximately HK $ 70 million. September 2010-May 2011 period,http://www.ciscoclub.com.cn/home.php?mod=spacecp&ac=blog&blogid=, borrowed approximately HK $ 70 million cash chips have lost all. also to his private borrowed HK $ 18 million cash chips have not yet.<br> <br>270 million yuan also a gambling debt<br> <br>Until the end of May last year,air max 90 pas cher, I found it impossible to contact other shareholders of the company on . Subsequently found its doorstep was poured red paint requirement to repay. In addition, Chen Moudong creditors also tracked the company's debt collection.<br> <br>Shareholders back to the company audit found Chen Moudong misappropriated company funds more than 270 million yuan, the company could not find any documents and contracts, and Hong Kong cooperation in the oil business of BP oil company. Suddenly realized,hogan rebel, was made to the public security organs alarm. Last August 2, police in the Panyu District of Guangzhou City, a district will abscond captured.<br> <br>According to the investigation, Chen Moudong use his position as chairman of convenience, ordered the company cashier 46 points will be transferred out of the company's more than 2.7 billion yuan to repay gambling debts. After detection, misappropriated funds are not handed in.<br> <br>Trial Watch<br> <br>He pleaded not guilty but blamed Libya<br> <br>Chen Moudong said Libyan civil strife caused funds are not withdrawn from circulation<br> <br>Court, Chen Moudong refused to recognize facts of the crime, arguing that their behavior is just normal business operation, claimed that he was with a man named cooperation do oil business. He went to Macau, just accompany customers with each other, customers lose money first by his expenses, and then back to him. Sometimes customers do not pay back the money in time, he has to use the money on top of the company accounts. Just because in November 2010 after civil unrest in Libya, the oil business obstacles,http://www.fishinfo.com, resulting in capital can not be withdrawn from circulation. But oil companies in order to make this business a loan, the monthly interest rate of up to 200 million yuan,http://www.sooow.net/diaoyu/home.php?mod=space&uid=5929, the company in order to ease the financial pressure of his,http://5qlk.biz/forum.php?mod=viewthread&tid=2499174, before going to Macau for gambling. Originally intended to win more money for working capital, did not expect to lose about HK $ 20 million, he called the other shareholders to invest. To raise funds, he would some money gambling debts.<br> <br>The court held that Chen Moudong his behavior constituted the crime of misappropriation of funds and sentenced to ten years imprisonment Chen Moudong.<br><br>
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