(Dalian/Hong Kong Composite News) The Beijing Zhengquan Company under Guo Wengui, a wealthy Chinese businessman who fled to the United States, was fined 60 billion yuan (RMB, the same below, S$12 billion) by the Chinese court the day before yesterday for the crime of forced trading.Guo Wengui responded that in this case, the country is governed by gangsters, by police, by anti-corruption, and by fakes.
The Intermediate Court of Dalian City, Liaoning Province announced the verdict of the first instance of the case on its official website the day before yesterday (12th).According to Hong Kong Ming Pao, this is the highest court fine since 1949.
The court found that from 2008 to 2014, in order to enter the financial securities field, Guo Wengui decided to acquire the equity of China Minzu Securities Company in the name of Zhengquan to achieve control.In order to eliminate possible obstacles in the acquisition process, he turned to the then Deputy Minister of State Security Ma Jian for help.
Guo Wengui also instructed Guo Hanqiao, then Zhengquan Investment Advisor, and Zhao Dajian, then chairman of Minzu Securities, to be responsible for the acquisition.In the process of acquisition and capital increase, Guo Wengui conspired with Ma Jian, and Ma Jian intervened by sending a letter or sending personnel from the Ministry of State Security.
Guo Wengui also instigated Guo Hanqiao and Zhao Dajian to directly exert pressure on relevant units and individuals, threatening and crowding out competitors, and finally enabled Zhengquan Company to achieve its goal of controlling Minzu Securities.
According to the investigation, as of the incident on August 10, 2015, Zhengquan made illegal profits of about 11.9 billion yuan through forced transactions.Ma Jian was investigated in 2015 and charged with bribery last year. The case has not yet been ruled.
In addition to Zhengquan being fined 60 billion yuan, Guo Hanqiao and Zhao Dajian were also found guilty of forced trading, and Zhao Dajian was convicted of another crime of misappropriation of funds.Years, probation for four years, and was fined 300,000 yuan and 250,000 yuan respectively.
The accusation of misappropriation of funds involves Guo Wengui instructing others to use the platform of Minzu Securities to raise funds in September 2014 to ease the financial shortage of Guo Wengui's Beijing Pangu Company, Zhengquan and other companies.
Guo Wengui responded with 16 characters such as black ruling the country on his own website
The other three executives, Shan Weiliang, Yang Ying, and Lu Tao, were sentenced to probation for the crime of misappropriating funds. They, Guo Hanqiao, and Zhao Dajian were all found by the court to be accomplices of the crime at the instigation of Guo Wengui.punishment.
The five defendants expressed their obedience to the judgment in court and did not appeal.
Regarding the verdict, Guo Wengui responded on his self-created Guo Media website, saying that the case is governing the country by black, by police, by fighting corruption, and by falsehood. He also said that friends in the Dalian Court have worked hard!Wengui just expresses my lsquo;no rsquo; heartfelt thanks to you on behalf of Wengui himself!Everything is just beginning!
Guo Wengui fled China in 2014, and since the beginning of 2017, he has made unverifiable revelations to Chinese high-level officials through various media channels.He has continued to show up recently to break the news, but the attention has not been as good as before.After his Twitter account was blocked, he created his own Guo Media website and app to continue breaking the news.
