According to Taiwanese media reports, it was revealed that Taiwanese artist Peng Chacha was being held for debt negotiation, which alerted a large number of police officers to go to the rescue. The prosecutor later found out that Yang Zhenfeng, the sauna-warming tycoon who was in debt to Peng Qiao at the time, was suspected of loan sharking of NT$320 million (the same below). Zhu Xiucong, the leader of the "Tonghua Street Gang", and Lin Guanhua, the leader of the Pingtang Hall of the "Bamboo Union Gang" cooperated in the kidnapping to collect debts. After yesterday's hearing, the Beijing Prosecutor's Office ordered Zhu and Yang to be detained for crimes such as excessive profit, intimidation and obstruction of freedom. As for the five accomplices, they posted bail in amounts ranging from 100,000 to 2 million yuan.
Yang Zhenfeng, 63 years old, nicknamed Dr. Yang; prosecutors found that his financial resources are astonishing. Many well-known corporate directors will borrow money from him, with monthly interest rates as high as 6% to 18%. When the debtor is unable to repay, Yang will use Zhu Xiucong, Lin Guanhua and others to threaten or kidnap the debtor to make the debtor fearful.
Police investigation revealed that Yang Zhenfeng and Zhu Xiucong not only lent 30 million yuan to Peng Chacha, but also 160 million yuan to Yuanhang Chairman Zhang Gangwei, and 130 million yuan to former Dingxian 101 Chairman Zhou Wenbao. It is reported that when Yang discussed debts, he usually met at his own Asia Pacific sauna. When the debt collection failed, Zhu and his younger brother coerced the custodian into repaying the money.
Among them, Zhou Wenbao, the "Tainan Danzi Noodles Son-in-law", was detained by Zhu Xiucong and his younger brother for three days in August of the same year because he failed to pay the money. He was not released until Zhou raised 10 million in cash; members of the group also broke into Zhang Gangwei's office and removed artworks to pay off the debt.
Source: Taiwan media
