Zhejiang News Client Intern Editor Lu Le
Yesterday, the world was shocked by the news that Shide founder Xu Ming died in prison. This once-popular business tycoon passed away in prison after being imprisoned in a low-key manner. In fact, Xu Ming is not the only business tycoon to be imprisoned. The former richest man Huang Guangyu, former Shanghai richest man Zhou Zhengyi, former "head of Jianlibao" Zhang Hai, and Delong controller Tang Wanxin and other giants have also lived their own life or are living their own iron windows. As the largest and most influential business group in the country, which Zhejiang businessmen are imprisoned for various reasons? The editor will sort it out for you.
1, Feng Guangcheng
In 2001, Zhejiang Glass, a subsidiary of Guangyu Group, was the first private enterprise in the mainland to log in to the H-share market. But in 2013, this once world-renowned company was delisted and went bankrupt. In fact, Zhejiang Glass had been suspended for three years due to debt. Its helm, Feng Guangcheng, was under residential surveillance by the police as early as 2010.
Feng Guangcheng was once a representative figure of Zhejiang businessmen and a frequent visitor to major wealth lists. However, in 2011, affected by the financial crisis, Feng Guangcheng's Guangyu Group borrowed tens of billions of yuan in banks, not including more than 1 billion yuan in social loans. He is in debt, and Feng Guangcheng is unable to turn things around in the face of reality.
In 2011, Feng Guangcheng and his five old subordinates were prosecuted for illegally absorbing public deposits. Feng Guangcheng, who was 60 years old at the time, appeared at the trial, with gray temples, bowed, and his voice hoarse. In the end, Feng Guangcheng was sentenced to eight years and six months in prison for illegally absorbing public deposits in the first instance, but he did not appeal.
2, He Xianyong
Zhuji farmer He Xianyong was once hailed by the media as an "African pioneer made in China" and once ranked first in the Zhuji textile industry with foreign trade exports. Unexpectedly, this high export volume was actually a bubble used to defraud export tax rebates and increase bank loan quotas.
In 2014, He Xianyong's incident was revealed. His Daheng Company was found to have obtained a bank loan. Without actual goods exported to customs, the export goods of other companies were exported in the name of Daheng Company, forming the illusion of a huge export volume of Daheng; purchasing false value-added tax invoices to form input invoices; matching the production capacity of exported goods through false entrustment and processing contracts; illegally purchasing foreign exchange pretended to be a payment for goods transferred abroad. It is linked together and forged a "full industrial chain" from raw material procurement to foreign trade exports. It defrauded huge national export tax rebates.
In the end, this once-popular "legend" was sent to prison. He was sentenced to life imprisonment by the Shaoxing Intermediate People's Court for illegally absorbing more than 80 million yuan in public deposits and defrauding 160 million yuan in export tax refunds. He was sentenced to life imprisonment by the Shaoxing Intermediate People's Court, deprived of political rights for life, and confiscated all his personal property.
3, Zhou Yiming
In 2005, when Cixi businessman Zhou Yiming made an fortune of 980 million yuan on the Forbes Mainland Rich List, he would never have thought that this was his last glory. In December of that year, the major shareholder of Star Electric was arrested by the police for suspected embezzlement of funds.
In 1997, Zhou Yiming, a native of Cixi, went south to Guangdong with the first pot of 10 million yuan obtained from investing in the development of anti-fog lamps, acquired Sanjiu Computer Company, and renamed Minglun Optoelectronics Company. In August 2002, Zhou acquired 75% of the equity of the Hong Kong Stock Exchange United Group; in March of the following year, he invested another 380 million yuan in Sichuan Star Power, making Minglun Group the largest shareholder of Star Power.
investigation shows that Zhou Yiming caused 476 million yuan in financial losses to Star Electric through malicious foreign investment, illegal guarantees, false trade and illegal borrowing of funds. In 2006, when Zhou Yiming appeared in the public eye again, he had become the first listed company boss in the Chinese capital market to be sentenced to lifeless for "contract fraud".
4, Xu Fang
Xu Fang, 39 years old this year, is the chairman of Zhejiang Jiuzhutan Wine Co., Ltd. and the former general manager of Zhejiang Kitchen Brewing Co., Ltd., and was once known as the youngest entrepreneur in the domestic liquor industry. He was also named "Zhejiang Business Women's Women".
Kitchen Brewing is an enterprise with a history of 100 years. It was first named "Jichunguan Sauce Garden". It was later changed to a state-owned Ruian Brewing Factory. After a series of changes such as public-private joint venture, state-owned private, and state-owned enterprise reform, it has become the largest comprehensive brewing enterprise, with the largest variety and the highest market share in Wenzhou.
In 2013, the liquor industry fell into a cold winter. Xu Fang's father and former head of the chef brewing industry, Xu Linhua, was sentenced to twelve years in prison for corruption, embezzlement and bribery by non-state employees. Jiuzhutan Wine Industry is in a dilemma of insufficient funds. In order to raise working capital and enable the company to operate normally, Xu Fang, Zhejiang, conspired with others to promote the P2P credit investment model, absorbing more than 29 million yuan of funds from 118 investors, and eventually resulting in more than 14 million yuan in unpaid. Xu Fang was eventually prosecuted by the Ruian City Procuratorate of Zhejiang Province in accordance with the law for suspected illegal absorption of public deposits and sentenced to three years and six months in prison in the first instance.
5, , Chi Wanming
Before being sentenced, Chi Wanming was the best among Wenzhou businessmen. The chairman of the board of directors of China Xingbao Group Co., Ltd., holds multiple titles such as the executive chairman of the Ruian Shanghai Chamber of Commerce. He has been on the China Hurun Wealth List with a net asset of 2.2 billion yuan. Beijing Huijin Cube Investment Management Center was established on April 23, 2008. Chi Wanming is one of the 10 partners and the actual trader behind it.
Since 2010, due to large-scale debt borrowing, Chi Wanming's Xingbao Group quickly fell into a dilemma of insolvency. In 2012, Chi Wanming, who had already had debts of up to 4.9 billion yuan, was arrested on suspicion of "illegal absorption of public deposits." In the end, Chi Wanming was sentenced to nine years in prison for illegally sucking public deposits.
6, Yu Zhongjiang
Yu Zhongjiang is from Jiande City, Zhejiang Province. He was originally a taxi driver and made his fortune in the fragrance industry. Later, he entered the real estate industry in Hangzhou and served as the chairman of Zhejiang Zhongjiang Holdings Co., Ltd., and actually controlled 30 "Zhongjiang Group" affiliated companies, including this company. He was once a prominent real estate tycoon in Hangzhou.
From 2009 to 2011, due to shortage of funds, Yu Zhongjiang defrauded loans, acceptance bills, and letters of credit from banks in the name of several "Zhongjiang" affiliated companies he actually controlled, totaling more than RMB 4.55 billion. Most of the funds obtained are used to repay bank loans, pay taxes, pay goods, pay personal loans and high interest rates. By the end of 2011, more than 3.78 billion yuan of funds could not be returned.
In the end, Yu Zhongjiang was sentenced to 20 years in prison in the first instance and a fine of RMB 2.5 million.
7, Yu Guoxiang
are different from the above Zhejiang businessmen. The reason for Ningbo businessman Yu Guoxiang's arrest was bribery. Before the accident, Yu Guoxiang was once a sensational figure in the business world. In 2003, a company controlled by Yu Guoxiang acquired the Shanghai Jing'an Hilton Hotel for US$150 million, and then bought out the 25-year operating rights of the Hangzhou Ring Expressway for US$1 billion. The large investment made it famous.
In 2006, the Shanghai Social Security Fund case broke out. Yu Guoxiang was involved in bribery by Sun Luyi, former deputy secretary-general of the Shanghai Municipal Party Committee and director of the General Office of the Municipal Party Committee, who had been involved in social security cases for a long time. On April 6, 2007, Yu Guoxiang was arrested by the Hefei Municipal Public Security Bureau. In 2008, due to suspected bribery of Sun Luyi and seizing huge commercial benefits, the court sentenced Yu Guoxiang to two years in prison and three years of probation in the first instance.
8, Ni Ritao
is also Ni Ritao, chairman of Zhongzhu Holdings Co., Ltd., who fell into the French Open due to abnormal political and business relations. As a businessman, Ni Ritao is not famous, but he became famous because of a report from a media person. In 2012, two weeks after Luo Changping, deputy editor-in-chief of Finance "Finance" magazine, reported to the Central Commission for Discipline Inspection that Liu Tienan, the former director of the National Energy Administration, on Weibo, Ni Ritao, who became the protagonist of the report, was controlled by the police.
After Ni Ritao was investigated, he took the initiative to confess the crime of bribing former Qiqihar Mayor Lin Xiushan and obtaining the right to reorganize Heilong shares. Therefore, Ni Ritao was sentenced to two years in prison for bribery in the unit and the crime of transforming official documents of state organs.
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