The Supreme Court said that the former chairman of Kelong's false reporting of registered capital was not harmful and did not constitute a crime.The Supreme Court maintained the crime of misappropriation of Gu Chujun, but shortened the sentence.
The Supreme Court of China overturned a fraudulent judgment on a 10 -year -old electrical tycoon.At present, the Chinese government is striving for entrepreneurs to boost the confidence of the private sector.
The Supreme Court announced the case of the three well -known entrepreneurs including Gu Chujun.Gu Chujun created a fluoride refrigerator manufacturing and became one of the richest people in China at the beginning of this century. At that time, he was an important participant in China's emerging capital market.In 2008, he was sentenced to imprisonment for falsely reporting registered capital and misappropriation of funds.
According to the Supreme Court, Gu Chujun, the former chairman of Kelon, a home appliance manufacturer, implemented the behavior of falsely reporting registered capital, but his behavior does not constitute a crime because these behaviors are not harmful.The Supreme Court maintained another judgment, that is, Gu Chujun misappropriated 290 million yuan ($ 43.2 million) funds, but stated that it should only be sentenced to 5 years in prison for this crime.
In 2017, the Supreme Court announced that it will be retrial from high -profile cases involving entrepreneurs such as Gu Chujun. Local observer believes that this is a decline in the investment growth rate of private sector from about 30%in 2012 to slightly higher than 2%in 2016.An attempt to appease the business owner.
Last year, the Supreme Court ruled that Zhang Wenzhong, the founder of Wumart, the founder of the three entrepreneurs, was innocent. Zhang Wenzhong was sentenced to 12 years in 2009.funds.Another case is waiting for the final decision.
In 2001, Gu Chujun ranked 20th on the FORBES Chinese rich list, with a value of $ 236 million.In the first few years of this century, he had a series of acquisitions and received control of 5 listed companies.In 2002, Gu Chujun acquired a state -owned enterprise Kelong, who had lost money.
Economists said that state -owned enterprises are increasingly dominated and a severe corruption movement. This anti -corruption movement has prompted the rich to transfer their assets overseas.
Before the judgment was announced, Gu Chujun stated to the British Financial Times that if the allegations of misappropriation of funds to maintain the original judgment, the policy of protecting private enterprises and private entrepreneurs in protecting private enterprises and private entrepreneurs will be completely violated.
However, former UBS analysts and Zhang Huaqiao, who had been sued in Hong Kong in Hong Kong for criticizing Gu Chujun's enterprises in the report in the report in the report, said that there are indeed many unfair judgments.But there are cases that are more worthy of retrial than this case.
The dominant position of the state -owned sector and many unfair competitive environments are obvious.He added.
The Communist Party of China is still firmly controlled by Chinese courts, which makes it difficult for entrepreneurs to believe that when they conflict with state -owned enterprises or local governments, they will be treated equally.
Translator/He Li
