The Annual Interest Rate Of Xuzhou Civil Usury Is As High As 70%.
Agriculture
Bank
Xuzhou Qingshan spring branch operation director takes away customer acceptance.
Money Order
After the disappearance, the amount involved amounted to 160 million yuan, which occurred in the second half of last year.
Xuzhou
Recently, this event has made new progress, and the parties are fighting fiercely.
Local business people told reporters that this is just one of the local feverish chaos.
In recent days, the loss of business owners surrounded the Agricultural Bank in the local branches to collect debts. In January 17th, two suspects Li Rongfu and Fan Jinguang were pferred to the Jiawang District People's Procuratorate for fraud and illegal business crimes.
Li Rongfu and Fan Jinguang previously served as the operation director of Qingshan spring sub branch of Xuzhou Agricultural Bank of China and vice director of Dawu sub branch.
After the incident, the Agricultural Bank of China has been relieved from it.
contract
。
In October 2011, the Xuzhou Provincial Public Security Bureau Jiawang Branch Economic Investigation Brigade received more than thirty police reports, saying that the acceptance bill was sent to the Agricultural Bank for payment, but the other party disappeared.
A few days later, two people were found and arrested by the police.
Behind the incident is private usury.
capital
Strand breaks.
Xuzhou police's statement said that the investigation involved 38 people involved in the police, and more than 200 bills of exchange were accepted, a total of more than 1 billion yuan to Li Rongfu and Fan Jinguang for payment. Li Rongfu would pay the cash to the other person who gave him the bill, which caused the loss of the police at present.
Li Rongfu was also identified to others.
To loan
More than 6000 yuan is used to pay bills and high interest rates, and some of the money is spent on personal speculation, resulting in a loss of about 160 million yuan.
The Xuzhou Banking Supervision Bureau said that, according to the understanding of the 2011 incident, it was mainly in the process of negotiable instrument pfer and discounting, which broke up with the chain of private lending funds, leading to the eventual exposure of the case.
A business person in Xuzhou told reporters that "Li Rongfu will cash the bill through others" and "others", that is, the investment company in the society.
These companies are very common in Xuzhou. The core business is blending bank loans and usury.
"Listed investments not listed"
company
There are about 1000 in Xuzhou, and there are more than 100 places in Xinyi (Xuzhou's county-level cities).
After so many years of business, we have opened a $4.5 million car, and many of them have opened a million yuan car in one or two years.
He said, "
Investment
The company has sprung up in Xuzhou in recent years.
Many of the rural financial institutions and small financial institutions in Xuzhou focus on the "anti artillery" operation.
Its "deposit" interest rate can reach an annual interest rate of 8%~10% or even higher.
Outside lending, in addition to the national statutory four times interest rate, but also add a variety of fees, annual interest rate is often as high as 36%.
The craziest one is the "5 monthly interest payment" approach, which is the best way to earn more than 70% interest per year.
This phenomenon has been widespread for several years. Last year, tight money and difficulties in bank loans brought fuel to the flames.
Under such crazy high interest rates,
capital
Chain breaks and collapse are not surprising.
At the end of last year, there were successively in Xinyi.
Erdos
(13.39,0.06,0.45%) Real Estate Development Co., Ltd. and Dongyang group.
The above told the reporter that to surrender to the public security organs is the best choice for the boss on the road, because after the surrender, interest will be recalculated according to the law, and the debtors need not bear the high interest rate again.
According to his understanding, Xuzhou authorities have already intervened in handling some private usury disputes.
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