Tomorrow Holdings Co., Ltd., Xiao Jianhua illegally absorb public deposits, etc.

On July 4, 2022, the Shanghai First Intermediate People's Court accused the defendant of the First Branch of the People's Procuratorate of Shanghai (hereinafter referred to as Tomorrow Holdings), the defendant Xiao Jianhua's crime of illegally absorbing public deposits, and using the trustee property The case of crime, illegal use of funds, and unit bribery was conducted. On August 19, the Shanghai First Intermediate People's Court made a public sentence on the case in accordance with the law, and fined the defendant's units tomorrow, and decided to perform a fine of RMB 550.03 billion; Thirteen years in prison and a fine of RMB 6.5 million; the defendant's unit and the defendant Xiao Jianhua's illegal income in the above crime tomorrow and the interest of their interests were recovered, and the compensation was not ordered to refund the compensation.

After hearing, the defendant was registered and established in 1999, and the defendant Xiao Jianhua's actual controller will be held tomorrow. Since 2004, Tomorrow Holdings and Xiao Jianhua violated national financial management laws and regulatory regulations, and adopted methods such as decentralized equity, layers of holding, and hidden holdings to actually control the new era trust Co., Ltd. (hereinafter referred to as the new era trust), Tianan property insurance Co., Ltd. (hereinafter referred to as Tianan Property & Casualty Insurance), Tianan (Guizhou Province) Internet Financial Assets Exchange Center (hereinafter referred to as Tianan Gold Bank), Baoshang Bank Co., Ltd. (hereinafter referred to as Baoshang Bank), Huaxia Life Insurance Insurance A number of financial institutions and Internet financial platforms such as shares (hereinafter referred to as Huaxia Life Insurance), Tianan Life Insurance Co., Ltd. (hereinafter referred to as Tianan Life), Yi'an Property Insurance Co., Ltd. (hereinafter referred to as Yi'an Property Insurance).

From January 2010 to January 2017, Tomorrow Holdings and Xiao Jianhua used a number of companies that actively controlled as financing and guarantee, promised to repay the principal and interest, and controlled the new era trust, Tianan Property & Casualty Insurance, and Tianan Gold. Category collecting capital trust products, excess sales ratio and sales scale sales investment -type insurance products, sale of personal and legal person wealth management products, illegally absorb funds from the public to more than RMB 311.6 billion.

From July 2012 to January 2017, Tomorrow Holdings and Xiao Jianhua controlled the contractor bank did not conduct substantial review of the false financing projects that were held tomorrow. Through direct or indirect purchase of trusts and asset management plans, bank customers such as deposits and wealth management funds are transferred to the control of the holding of bank customers and the support property of the trust.

From November 2013 to January 2017, Tomorrow Holdings and Xiao Jianhua controlled Huaxia Life, Tianan Life, and Yi'an Property & Casualty Insurance to not conduct substantial reviews of false financing projects set up tomorrow. Through direct or indirect purchase of trust plans, insurance funds are transferred to the control of the holding tomorrow, and illegal use of funds will be more than 190.9 billion yuan.

Tomorrow Holdings will use the above -mentioned criminal violations 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 evaded financial supervision and seek other unfair interests, and bribed shares, real estate, cash and other property to a number of state staff (separate cases), a total of more than 680 million yuan.

The Shanghai First Intermediate People's Court believes that the behavior of the defendant's holding and the defendant Xiao Jianhua tomorrow constituted the crime of illegally absorbing public deposits, the crime of using the trusted property, the crime of illegal use of funds, and the crime of 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 and confession, and cooperating with the pursuit of stolen stolenum. Xiao Jianhua also has a performance performance and can be punished from lenient. The Shanghai First Intermediate People's Court made the above judgment in accordance with the law according to the criminal facts, nature, plot, and social harm of the defendant and defendant.

Some people's congress representatives, members of the CPPCC and the masses participated in the audit.

Source: Changan Jian, the Central Political and Legal Committee. The copyright belongs to the original author.

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