The Chinese court ruled on Friday (August 19) that Xiao Jianhua, the actual controller of the holding of the holding actual controller tomorrow, was sentenced to 13 years in prison and a fine of 6.5 million yuan (S $ 1.32 million).
The Shanghai First Intermediate People's Court announced in the WeChat public account that the Shanghai First Intermediate People's Court of the Shanghai Municipal People's Court would illegally absorb public deposits and use the crime of trustee property, the crime of illegal use of funds, the crime of using the trust property, the crime of using the trust property, the crime of using the trustee,In the case of bribery in the unit, a public sentence was made public, and the defendant's units held several crimes and punished them tomorrow, and decided to perform a fine of RMB 550.03 billion.Yuan; Tomorrow Holdings and defendant Xiao Jianhua's illegal income in the above crimes and their interests and their interests were recovered, and they were not ordered to refund the compensation.
On July 4th, the court accused the Shanghai People's Procuratorate of the First Branch of the People's Procuratorate of the People's Procuratorate accusing the crime of illegally absorbing public deposits tomorrow, the crime of trustee property, the crime of illegal use of funds, and the crime of bribery of the unit.Public trial.
Tomorrow Holdings and Xiao Jianhua have been accused of violating national financial management laws and regulatory regulations since 2004. It adopts means of decentralized equity, layers of holding, and hidden holding.Tianan Property Insurance Co., Ltd., Tianan (Guizhou Province) Internet Financial Assets Trading Center, Baoshang Bank Co., Ltd., Huaxia Life Insurance Co., Ltd., Tianan Life Insurance Co., Ltd., Yi'an Property Insurance Co., Ltd., etc.Many financial institutions and Internet financial platforms.
From January 2010 to January 2017, Tomorrow Holdings and Xiao Jianhua used many companies that practically controlled as a financing and guarantee subject, promised to repay the principal and interest.Tianan Golden Communication Center sells active management category to collect fund trust products, exceeds the proportion of sale and sells investment -type insurance products, sells individual and legal personnel wealth management products, and illegally absorbs funds from the public to a total of more than 311.6 billion yuan.
From July 2012 to January 2017, Tomorrow Holdings and Xiao Jianhua were also accused of controlling the owner of the contractor bank to not conduct substantial review of the false financing projects held tomorrow.To carry out business regulations, violate the agreement between banks and customers, and transfer bank customer funds such as deposits, wealth management funds and other bank customers through direct or indirect purchase of trusts and asset management plans to dominate the control of the holding tomorrow.RMB 148.6 billion.
In addition, from November 2013 to January 2017, Tomorrow Holdings and Xiao Jianhua were accused of controlling Huaxia Life, Tianan Life, and Yi'an Property & Casualty Insurance to not conduct substantial reviews of false financing projects set up tomorrow.The provisions of the use of laws and regulations such as insurance laws and regulations on the use of insurance companies, and the insurance funds are transferred to the control of the holding of the trust plan directly or indirectly to the control of the holder tomorrow. The total funds of illegal use of the law are more than 190.9 billion yuan.
Tomorrow Holdings is also accused of using the above -mentioned crime illegal income to acquire financial institutions, securities transactions, overseas investment, etc.After the incident, Tomorrow Holdings and Xiao Jianhua returned some illegal income by selling assets and returning overseas funds.
From 2001 to 2021, Tomorrow Holdings and Xiao Jianhua also went to a total ofIt is equivalent to more than 680 million yuan.
The court believes that the behavior of holding and Xiao Jianhua tomorrow constitutes the crime of illegally absorbing public deposits, the crime of trustees, the crime of illegal use of funds, and bribery of the unit.Tomorrow Holdings and Xiao Jianhua's criminal behavior will seriously damage the order of financial management, seriously endanger national financial security, and seriously infringe on the integrity of state staff, and should be severely punished according to law.Tomorrow Holdings and Xiao Jianhua will have the plot of surrendering, pleading guilty, punishment, and cooperating with the pursuit of stolenum. Xiao Jianhua also has a performance performance, and can be punished from leniency according to law.The Shanghai First Intermediate People's Court made the above judgment based on the facts, nature, plot, and social harm of the defendant and defendant.
Xiao Jianhua, 50, was born in China and held Canadian citizenship.Sources said that Xiao Jianhua was brought to mainland China from the Four Seasons Hotel in Hong Kong in January 2017, and has been detained to this day.
The Wall Street Journal of the United States reported that Xiao Jianhua was suddenly brought back to the mainland and believed that the Chinese stock market was controlled in 2015 and plummeted.Since then, the Chinese government has launched anti -corruption campaigns against capitalists, and Xiao Jianhua has been one of the goals.
Xiao Jianhua is the actual controller of the "Tomorrow Department" of China Financial Capital Group. The business across banks, insurance and investment funds and other fields.High -level investment consultants.
According to public information, the "Tomorrow Department" is in charge of at least nine listed companies, with 44 financial institutions.When Xiao Jianhua lost contact, his net worth reached $ 5 billion (S $ 6.9 billion).
After Xiao Jianhua was taken to the mainland, the nine companies under the "Tomorrow" were taken over by the China Banking Regulatory Commission and the Securities Regulatory Commission in 2020.
