The former 4 billion rich are arrested and their companies are suspected of illegal fund-raising

 The former 4 billion rich are arrested and their companies are suspected of illegal fund-raising

Source: Ping Han River official account screenshot

It is reported that Yang Zongyi is the founder of Fuzhong group, a large private enterprise in Nanjing. He is currently the chairman of the board of directors of Fuzhong group, and also serves as the vice president of Jiangsu General Chamber of Commerce. According to the Hurun 100 rich list in 2018, Yang Zongyis wealth at that time reached 4 billion yuan.

Photo source: Hurun Baifu list

Last year, it was one of the top 500 enterprises in China

On the afternoon of November 17, the daily economic news reporter came to No. 699-10, Xuanwu Avenue, Xuanwu District, Nanjing. This is a high-tech industrial park in Fuzhong. In addition to the first building facing the gate, namely, the headquarters of Fuzhong group, there are many science and technology enterprises in the industrial park.

Fuzhong high tech Industrial Park (photo source: by reporter Huang Xinlei)

A person in charge of an enterprise in the park, who did not want to be named, told reporters that every weekend - and occasionally during weekdays - a group of old and old women gathered at the gate of the industrial park, blocking the way out at the gate and demanding that the Fuzhong group repay the money, which made it difficult for employees of other enterprises in the industrial park to travel.

Fuzhong group has made a lot of private funds, and now the investment has failed. Our company has rented an office building here, and its only less than a year now. The person in charge said helplessly, now, the company bought a new office building nearby, and will move out immediately.

To the evening off work time, the reporter found that there were almost no people leaving home after work in the headquarters building of Fuzhong group. Reporters from the daily economic news (micro signal: nbdnews) also called Fuzhong group, but no one answered the phone.

Almost no one comes out of the headquarters building of the group during the evening off duty time (photo source: Photo by reporter Huang Xinlei)

According to the public information, Fuzhou group was founded in 1995. It is a global and diversified large-scale private enterprise, which started with IT industry and now focuses on smart consumption. With big data, cloud computing and Internet of things as its core competitiveness, it spans the eight industrial fields of digital agriculture, big health, big real estate, big finance, smart city, artificial intelligence, cultural creativity and tertiary industry services enterprise groups.

In August 2019, Fuzhong group was ranked 72nd in Chinas top 500 enterprises by the all China Federation of industry and commerce; in December 2019, the list of top 100 enterprises in Nanjing was released, and Fuzhou group ranked fifth.

However, at that time, many netizens had already said on their microblogs that: Fuzhong group and its enterprises were in debt and almost closed down, employees wages were deducted, and financing from thousands of people was not paid when they were due

Chinas judicial documents have publicized dozens of enforcement rulings of labor remuneration series cases of Fuzhong group on the Internet. According to a ruling dated September 30, the legal representative of Nanjing Fuzhong hi tech Industrial Park Co., Ltd. is Yang Zongyi, and there is no property under the companys name, such as vehicles. In this regard, the court froze the bank account and internet bank account under the name of the executed person, deducted the bank deposit of 100000 yuan under the name of the executed person, sealed up the real estate in Room 201, No. 699-10, Xuanwu Avenue, Xuanwu District, and took compulsory measures such as judicial detention on the legal representative of the executed person.

Photo source: screenshot of the website of Su Shang e

This year, there are a number of business

There is not much left. The first is that the official website of the company can not be searched. The two official account of micro-blogs latest update is May 21, 2019. Recently, the only WeChat public account with information updates has only issued an article every month.

On December 31, 2019, Yang Zongyi said: the 24-year-old Fuzhong cant develop from a small store into a diversified and global enterprise group without the resilience of all the people in Fuzhong. Next, the group should go deep and solid in the direction of refinement and specialization. While subtracting various industrial blocks, Fuzhong has to add on its advantageous industries and projects.

Yang Zongyi made a speech in 2019 (photo: Fu Zhong Group official account screenshot)

According to a series of articles released by WeChat official account this year, the reporter found that the business of the group has been known to be smart city construction, B2B website operation, insurance sales, etc.

In September this year, the Guangdong Branch of Huayang Insurance Sales Co., Ltd. of Fuzhong group became the excellent partner of Sino British life insurance.

Source: Daily Economic News Editor: Wang Xiaowu_ NF