the use of financing bonds

Zhongguang Wang Hohhot News January 17 (Reporter Liu Yuanyuan Li Tao paid Baotou station correspondent) concern Baotou, Inner Mongolia Long Hui Trade Co., Ltd. illegal deposits from the public, corporate Jin Libin suspected self-immolation cases, this morning in Baotou City nine of the original District People’s Court sentenced.

The defendant Hui Long-commerce unit of Baotou City limited liability company guilty of illegal deposits from the public and sentenced to a fine of 500,000 yuan; defendant Xiu-Hua Wang, Wu Yun, Fan Jin, Xing Yan, cattle Juifang, Guo Jianping, Wang Xiaoyan, Zhaoxing Dong, MA Wei Jian, Jia leaves, Liumei E, Su Xiuling committed the crime of illegal deposits from the public, the first trial the defendant Xiu-Hua Wang were sentenced to seven years imprisonment and fined 80,000 yuan; Wu Yun defendant to five years imprisonment and fined 60,000 yuan; defendant Fan Jin four years imprisonment and fined 50,000 yuan; defendant Xing Yan, cattle Juifang, Guo Jianping imprisonment of three years and fined 40,000 yuan each; defendant Zhaoxing Dong imprisonment for two years and fined 30,000 Yuan; accused Ma Weijian year and six months imprisonment and fined 20,000 yuan; defendant JIA leaves one year imprisonment, and fined 20,000 yuan; defendant Liu Meie three years imprisonment, suspended for three years , and fined 50,000 yuan; defendant Su Xiuling from criminal punishment.

April 13, 2011, Baotou City, a new industrial park tumd flag Fu Wo bean industry limited liability company cars were burned occurred in the hospital case, the car and found a burned body. DNA identification by the public security organs, the deceased Jin Libin, Department of Baotou City, Long Hui Trade Co., Ltd., Inner Mongolia, Fu Wo bean industry limited liability company’s legal representative, has a number of enterprises in Baotou (sole proprietorship or equity), and to Matlock Trade name of limited liability company to absorb public funds, involving large numbers, given rise to widespread concern.

December 2011, nine of the original District of Baotou City People’s Court in this case, nine of the original District People’s Procuratorate charged that the defendant’s unit Baotou Huilong violation of financial regulations, from 2004 to the incident, the use of financing bonds, the loan contract form, the temptation to return to Gregory, public use word of mouth publicity, the company’s name to Matlock 1925 person or entity to absorb public funds 2.224 billion yuan. To the incident, only the return of principal over 8.87 billion, leading to 770 million yuan and not returned, seriously disturbed the financial order. The defendant’s conduct Matlock unit violated the

The audit survey found that a small amount of funding for the initial increase in financial costs, the company can barely bear Long Hui. But later, to build complex corporate image, to create a false market conditions, Matlock illegal finance company to a larger scale, a large number of deposits from the public, caught in a vicious circle. Matlock’s long-term debt, combined with Jin Libin I to build the image of successful entrepreneurs, buying luxury cars, four sponsorships, .

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