Wong Kwong Yu'S Brother Was Accused Of Developing Real Estate Fraud 400 Million

Huang Junqin chart

30 days,

There are 6 defendants in the Huang Junqin case. Apart from Huang Junqin and his wife Chen Ruowen, the remaining 4 are Huang Junqin's subordinates.

In addition, the case involved two defendants, namely Huang Junqin, Beijing's new Henderson real estate development corporation and Beijing new Henderson real estate Group Co., Ltd.

The 30 day trial began at 9 a.m., and Huang Junqin, 44 years old, was escorted from the first detention center in Beijing to the second middle court of the city. He was dressed in a gray jacket, wearing a shirt and wearing gray trousers. His wife Chen Ruowen was released on bail and dressed in casual clothes.

Reporters learned that, in order to speed up the progress of the trial of Huang Junqin case and improve the efficiency of the trial, the court conducted a two day pre-trial confirmation last month. The prosecution and defense exchanged evidence and confirmed the evidence of no objection.

The indictment showed that Huang Junqin's wife, Chen Ruowen, had only one allegation, that is, the crime of crossing the border with her husband.

Both Huang Junqin and Chen Ruowen were Cantonese and were all residents of Hongkong.

Prosecutors accused Huang Junqin of providing Chen Ruowen with a false identity card in Hong Kong and Macau.

Chen Ruowen used this fake certificate to go to and leave the border for more than 30 times in 4 and a half months.

It is reported that during the trial, Huang Junqin and his wife had no opinion on the simple allegations of the facts.

Huang Junqin also had no objection to insider trading and bribery.

The biggest controversy between the two sides is on the crime of contract fraud.

Prosecutors accused Huang Junqin and his new legal representative of the Beijing new Henderson real estate development corporation, at the beginning of the investment real estate more than 10 years ago, to the Bank of China Beijing branch to defraud loans totaling 4 billion yuan, suspected of contractual fraud.

Reporters learned that for the behavior of fraud, because of documentary evidence confirmed, Huang Junqin can not deny, but whether the act constitutes a crime of contract fraud, the defense has different opinions.

Since the debate has not yet entered the stage, the two sides have not fully started the issue.

More than 400 million for developing real estate

Accusation that Huang Junqin, as the legal representative of Beijing new Henderson real estate development corporation, in order to solve the construction fund of the company's development of real estate projects, between May 1996 and September 1997, ordered the deputy general manager of the company, Yang Lifu, to use the name of Henderson electric appliance company of Beijing, which has been revoked the business license, to make up the loan reason for the urgent need to purchase imported household appliances to meet the market demand, and then defrauded the Bank of China Beijing branch's working capital loan of 209 million yuan.

In addition, from September 1996 to December 1997, Huang Junqin and new Henderson vice president, after the premeditated plan by Xing Wang and Yang Lifu, used the business license of the altered Beijing Jingan Property Development Co., and used the name of the company to defraud the Bank of China Beijing branch's foreign exchange working capital loan by US $1 million 500 thousand, and the working capital loan was 150 million yuan.

From March 1997 to April, Huang Junqin invented the purchase of housing, using false purchase contracts and first payment receipts to defraud the Bank of China Beijing branch's foreign exchange loan for building mortgages by US $8 million 775 thousand and 510.

It is reported that until the Huang Junqin incident, the new Henderson Corporation will return the loan principal.

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The couple 200 thousand Hong Kong dollars.

In 2006, the Ministry of Public Security launched a case study on Huang Junqin after the bank's fraud case was exposed.

At that time, the case was hosted by Xiang Huaizhu, former deputy director of the Ministry of public security's Economic Investigation Bureau.

In order to get the case closed as soon as possible, Huang Junqin bribes 200 thousand yuan to his wife.

The prosecution alleges that from the end of 2007 to the beginning of 2008, Huang Junqin actively helped Miss Zhu to handle his daughter's college affairs. After that, Huang Junqin handed in 200 thousand yuan to Zhang Zhang, a company member.

Zhang replaced the 200 thousand yuan with 200 thousand Hong Kong dollars for the convenience of carrying, and sent it to the home of Xiang Hui Zhu, and conveyed to Huang Junqin many times that he wanted to close the case as soon as possible so as to eliminate the improper request for the negative effect of the new Henderson company.

Insider trading profits 17 million 200 thousand

Another crime of Huang Junqin is the crime of insider trading.

The prosecution alleges that Huang Junqin, as the chairman of Shandong Jintai listed company and the largest shareholder of Beijing new Henderson Investment Management Group Co., Ltd. and the third largest shareholder of Beijing new Henderson real estate Group Co., Ltd., were accepted by the general manager of Shandong Jintai listed company on September 2006, and agreed to inject high-quality real estate project assets into the company.

Huang Junqin, from February 9, 2007 to March, instructed his actual controlling staff to pfer funds to 4 individuals and a company's securities account by using Beijing new Henderson real estate Group Co., Ltd., and accumulated 282 million shares of "ST Jintai", "*ST Jintai", with a turnover of more than 1011 million yuan.

In July 9, 2007, Shandong Jintai listed company announced the relevant information, Huang Junqin ordered all the shares sold, the total turnover amounted to 2731 yuan, an illegal profit of 1720 yuan.

The prosecution found that most of these illegal profits were used by Beijing new Henderson real estate Group Co., Ltd. and its affiliates.