Shandong Donge provident fund management department 4 people embezzlement of public funds to open companies and stocks

category:Society
 Shandong Donge provident fund management department 4 people embezzlement of public funds to open companies and stocks


The first instance of the case was declared in the Guanxian court of Shandong province. The trial of Guanxian court found that in 2008, Li Yanbao, director of the Ministry of provident fund management of Donge County, deputy director Gao Jun and others co founded the four sea non financing Company limited by guarantee of Donge County, and Donge County provident fund management department provided help for the Sihai company to undertake the fund loan guarantee business. According to Li Yanbaos proposal, the four seas Guarantee Corporation will give the Donge provident fund management department a premium of 30% of the turnover. From 2009 to 2015, the premium totalling 1 million 529 thousand yuan was not reimbursed to the housing provident fund management center of Liaocheng. Since then, Li Yanbao arranges the accounts clerk Zhang Lei management, the fund is set up as the Donge County provident fund management department out of account funds, for temporary wages, entertainment reception, tourism, overtime, holiday welfare and other expenses. In addition, in early 2010, after Li Yanbaos proposal, four people jointly traded stocks and raised a total of 1 million 990 thousand yuan, which was operated by the trader and used Li Yanbaos relatives account. In 2013, according to Li Yanbaos proposal, four people forged the documents and signed and divided the above account funds by 400 thousand yuan for two times to make up for the losses of the four partnership stocks. In addition, the Guanxian court found that in from March 4 to 10, 2010, Li Yanbao made use of his post facilitation to spend 8 million yuan from the units provident fund account three times for a real estate development Co., Ltd. in Donge for profit making activities. In March 24, 2010, the above development company returned 8 million yuan to the Donge County provident fund management department account. In addition, in 2014, Li Yanbao served as the director of the Donge County provident fund management department for a cultural entertainment Co., Ltd. in Donge County, and received a bribe of 230 thousand yuan in cash from the above company. After that, Li Yanbao will be in the name of his nephew, in the name of his nephew. This money is used for buying a house. The court of Guanxian thinks that the Donge County Administration Department of Liaocheng housing provident fund management center illegally receives other peoples property and seeks benefits for others. The plot is serious, and its behavior constitutes a unit of bribery, and a fine should be imposed. The four people of Li Yanbao, Gao Jun, Zang Dongsheng and Zhang Lei, using their respective duties and conveniences, jointly negotiated that the funds of the units were used to make up for the loss of personal partnership stocks. Their behavior constitutes a crime of corruption and a joint crime; Li Yanbao, as the head of the unit, plays a major role in the joint crime, and is the principal offender who uses his duty to facilitate the crime. The act of making public funds to others for profit activities is a serious crime and has constituted the crime of misappropriating public funds. At present, Li Yanbao was sentenced to 300 thousand yuan in ten years and six months, and the remaining three were sentenced to prison. The source of this article is: Wang Yu, editor in chief of the Beijing News: Li Hang _BJS4645 In addition, the Guanxian court found that in from March 4 to 10, 2010, Li Yanbao made use of his post facilitation to spend 8 million yuan from the units provident fund account three times for a real estate development Co., Ltd. in Donge for profit making activities. In March 24, 2010, the above development company returned 8 million yuan to the Donge County provident fund management department account. In addition, in 2014, Li Yanbao served as the director of the Donge County provident fund management department for a cultural entertainment Co., Ltd. in Donge County, and received a bribe of 230 thousand yuan in cash from the above company. After that, Li Yanbao will be in the name of his nephew, in the name of his nephew. This money is used for buying a house. At present, Li Yanbao was sentenced to 300 thousand yuan in ten years and six months, and the remaining three were sentenced to prison.