Greenfield Group executives reported cheating, money laundering company response: under investigation

category:Finance
 Greenfield Group executives reported cheating, money laundering company response: under investigation


On the evening of May 16, the discipline inspection and Supervision Office of Greenland holding group issued a statement: Recently, our group received a letter signed by Shi Ruisheng, reflecting the relevant situation of Chen Jun. After preliminary verification, Chen Jun mentioned in the letter is not Chen Jun, a senior executive of Greenland Group, but the head of marketing department of Beijing Tianjin Hebei business department under Greenland Group.

However, Chen Jun reflected in the tip off clues is actually the head of the marketing department of Beijing Tianjin Hebei business department under Greenland Group, not the CEO of Greenland Group. Greenland Group said it would investigate and verify the problems reflected in the clues.

Clues related to misappropriation of public funds, money laundering, etc

Previously, a microblog netizen reported the online report provided by the family of the victim (Zhangs legal husband), and Zhang, a female employee of Greenland Group, had an improper relationship with Chen, an executive of Greenland Group, as well as serious economic violations.

During his tenure as secretary, Zhang bought two high-end handbags worth ten thousand yuan for Zhang with the companys reimbursable public relations funds. And on the premise that Zhang didnt get her diploma, she made an exception to help her go through the formalities of becoming a full-time employee.

Afterwards, Zhang confessed that in early March 2020, she had many improper relationships with Chen.

It is worth noting that the tip off clue points out that in addition to the infidelity in marriage, Zhang is also greedy for money, cooperates with Chen to misappropriate state-owned public funds of Greenland Group, and collects huge illegal income through money laundering.

Five annual reports are audited as standard unqualified opinions

Greenland Group is the first comprehensive enterprise group in China (2013) with real estate as its main business and ranked among Fortune 500. At the same time, it has become the second Shanghai municipal enterprise after Shanghai automobile group, which has been successfully shortlisted in the world top 500. In July 2019, the Fortune Global 500 was released, ranking 202.

According to the annual report, in 2019, Greenland holdings achieved an annual operating revenue of 427.8 billion yuan, a year-on-year increase of 23%; a total profit of 30.6 billion yuan, a year-on-year increase of 26%; a net profit of 14.7 billion yuan, a year-on-year increase of 30%; and a net operating cash flow of 19.3 billion yuan. At the end of the year, the total assets were 1145.7 billion yuan, a trillion yuan.

E company found that since Greenland holdings listed a shares in 2015, Ruihua certified public accountants and Daxin certified public accountants have been responsible for the audit of the companys 2015-2019 annual report. Among them, Daxin certified public accountants took over from Ruihua certified public accountants in November 2019. In the audit opinions of the five annual reports, the audit opinions issued by the two audit institutions are standard unqualified opinions.