The case of Wu Xiaohui, the chairman of an bang, will be sentenced today by a Shanghai intermediate peoples court.

category:Society
 The case of Wu Xiaohui, the chairman of an bang, will be sentenced today by a Shanghai intermediate peoples court.


In March 28th, the first intermediate peoples Court of Shanghai opened an open court to hear the crime of collecting capital for fraud and duty encroachment of the first branch of the Shanghai Municipal Peoples Procuratorate, which was prosecuted by the first branch of the peoples Procuratorate of the city of Shanghai. Specifically, when the court enters the court investigation stage, the prosecutor reads the indictment, accusing it of the crime of fund-raising fraud. In 2011, the defendant Wu Xiaohui concealed the actual control relationship between the Industrial Company (the individual and the actual control of the company). After the industrial company holding an insurance and an state group, the company took security and financial insurance as a financing platform, directing the company to develop the investment insurance products and leading the product design. Financial statements, promotional folders and other declarations are used to defraud the sales approval of the CIRC and raise funds to the public. As of January 5, 2017, more than 1056 thousand people have been selling investment insurance products, exceeding the amount of 723 billion 867 million yuan, and transferring some of the funds to Wu Xiaohuis actual industrial companies for foreign investment, debt return and personal profligacy. To the case, the actual fraud was 65 billion 240 million yuan. Charge: duty embezzlement. In January 2007, Wu Xiaohui, the defendant, took advantage of the vice chairman of financial insurance, and was fully responsible for the operation and management of the company, and directed the companys executives to use the way of deliming the accounts, and transfer the premium of 3 billion yuan to the industrial company which was actually controlled by Wu Xiaohui. Among them, 2 billion 925 million yuan is used to pay Wu Xiaohuis actual control of industrial companies in arrears of Engineering funds and interest, and the remaining 75 million yuan is deposited in the industrial company which is actually controlled by Wu Xiaohui. In June 2011, the defendant, Wu Xiaohui, made use of the advantage of the above duty to enable others to use the way of delimiting the accounts, and transfer the premium of 7 billion yuan to the industrial company which was actually controlled by Wu Xiaohui. Among them, 6 billion 900 million yuan as the actual control of Wu Xiaohuis own industrial companys own funds, used to increase capital insurance, the rest of the 100 million yuan precipitated in the actual control of the Industrial Company of Wu Xiaohui. The public prosecution organ believes that the defendant Wu Xiaohui, with the purpose of illegal possession, uses the method of fraud to collect funds illegally, and the amount is particularly huge; with the convenience of his duty, the funds of the unit are illegally occupied and the amount is huge; the act has violated the rules of the 192nd and 271st section of the criminal law, respectively. It is clear that the facts of the crime are clear and the evidence is true and sufficient. We should investigate Wu Xiaohuis criminal responsibility with the crime of fund-raising fraud and duty embezzlement. Source: twenty-first Century economic report editor: Xu Meng _NN7485 In June 2011, the defendant, Wu Xiaohui, made use of the advantage of the above duty to enable others to use the way of delimiting the accounts, and transfer the premium of 7 billion yuan to the industrial company which was actually controlled by Wu Xiaohui. Among them, 6 billion 900 million yuan as the actual control of Wu Xiaohuis own industrial companys own funds, used to increase capital insurance, the rest of the 100 million yuan precipitated in the actual control of the Industrial Company of Wu Xiaohui. The public prosecution organ believes that the defendant Wu Xiaohui, with the purpose of illegal possession, uses the method of fraud to collect funds illegally, and the amount is particularly huge; with the convenience of his duty, the funds of the unit are illegally occupied and the amount is huge; the act has violated the rules of the 192nd and 271st section of the criminal law, respectively. It is clear that the facts of the crime are clear and the evidence is true and sufficient. We should investigate Wu Xiaohuis criminal responsibility with the crime of fund-raising fraud and duty embezzlement.