Zhou Boyun and others were sentenced indefinitely in the first instance of Shanlin financial fraud case

category:Finance
 Zhou Boyun and others were sentenced indefinitely in the first instance of Shanlin financial fraud case


Shanghai No.1 Intermediate Peoples Court of Shanghai held that: 12 persons in charge and other persons directly responsible for the defendants unit Shanlin financial company and the defendant Zhou Boyun used fraud to illegally raise funds for the purpose of illegal possession, with a huge amount of money, and their acts have constituted the crime of fund-raising fraud. The illegal fund-raising activities of Shanlin financial company, Zhou Boyun and others have caused particularly heavy economic losses to the victims and seriously damaged the national financial order. Based on the facts, nature, circumstances and social harm of the case, the above judgment is made according to law.