The indictment said that Wu Xiaohui concealed the actual control relationship of the industry company. With Anbang Property & Casualty Insurance as the financing platform, he instructed the development of investment insurance products, approved the production of false financial statements and other declaration materials, deceived the sales approval of the Insurance Regulatory Commission, and recruited funds from the public.
Wu Xiaohui, the former chairman and general manager of China Anbang Insurance Group, was suspected of raising funding fraud and occupation.
Wu Xiaohui was accused of illegal fund -raising, and the actual defrauding amount exceeded 65.2 billion yuan (RMB, the same below, about S $ 13.5 billion), and also 10 billion yuan of Anbang funds were transferred to the industry company he actually controlled.Wu Xiaohui argued in court that he did not understand the law and did not know that his behavior constituted a crime.
The China Insurance Regulatory Commission announced on the 23rd of the month that Wu Xiaohui was prosecuted in accordance with the law for suspected economic crimes.
According to the evidence of Chengtang provided yesterday, six of the seven initial shareholders of Anbang Property & Casualty Insurance were actually controlled by Wu Xiaohui.As of the end of 2014, the proportion of more than 30 industry companies controlled by Wu Xiaohui had reached 98.22 % of Anbang.
The indictment said that Wu Xiaohui concealed the actual control relationship of the industry company. With Anbang Property & Casualty Insurance as the financing platform, he instructed the development of investment insurance products, approved the production of false financial statements and other declaration materials, deceived the sales approval of the Insurance Regulatory Commission, and recruited funds from the public.
In July 2011, after the product sales amount exceeded the approval of the Insurance Regulatory Commission, Wu Xiaohui still increased the capital of Anbang Group and Anbang Property & Casualty Insurance with over -funded funds, fictional solvency, disclosed false information, and continued to carry out false publicity to the public, expand illegal illegal illegal publicityThe scale of funds raised.
According to the indictment, as of January last year, Anbang had sold investment -type insurance products to more than 10.56 million people, exceeding 733 billion yuan of raised funds for the approval scale, and transferred some of the high -funded funds to Wu Xiaohui's industry company for foreign countries.Investment, repayment of debt, individual squandering, etc., the actual fraudulent amount of more than 65.2 billion yuan.
In addition, Wu Xiaohui was also accused of using his position as the vice chairman of Anbang Property & Casualty Insurance, and instructed others to use the method of re -deposing without accounting.Company, conduct debt repayment and capital increase of Anbang Property & Casualty Insurance.
In addition, according to the testimony of Wu Xiaohui's sister Wu Xiaoxia, Wu Xiaohui arranged for her to help the establishment and management of industry companies, and she also allowed her to borrow a large number of empty companies by borrowing her fellow or relatives, including some companies to increase capital and invest in Anbang.
Wu Xiaohui was also accused of in order to escape or avoid investigations after the police involved in the investigation in March last year.
According to the actual record of the Shanghai No. 1 Intermediate People's Court in the official micro -broadcast, Wu Xiaohui raised the allegations that he did not understand the law and did not know whether his behavior constituted a crime.
Wu Xiaohui acknowledged that the industrial company he controlled to invest in Anbang Property & Casualty Insurance and Anbang Group, but he denied that he was the vice chairman of Anbang Property & Casualty Insurance.He also acknowledged that when selling investment -type insurance products, the Insurance Regulatory Commission had received a supervisory letter from the super -scale sales of the Insurance Regulatory Commission, but he personally understood that it did not exceed the scale.
Wu Xiaohui also said that capital increase is a true own funds and no transfer funds. All project investment, registered funds, and equity transactions are true and legal.He also insisted that he did not evade supervision and confrontation censorship.
However, according to the Weibo of the Shanghai No. 1 Intermediate People's Court, Wu Xiaohui expressed deep reflection in court in the last statement, knowing sin, and expressed deep repentance to his actions, and requested to punish him lightly.The trial had ended yesterday, and the court will be pronounced.
