AgBank's female governor illegally absorbs 1.94 billion yuan

Although the Bank of Fuyang Branch Tengda branch of the vice president, but Lie group did not prosper. However, this can not blame others, wrong in the Lie group itself woven a large network. From 1990 to 2009, Lie groups have been playing Ponzi schemes. While taking deposits at high interest, lending at high interest rates. But as the money gets bigger, the hole is hard to fill. To the incident, Lie group has more than 90 million yuan of funds can not repay, Lie group had to surrender. If there is no case, Lie group will sit in the broad chair of the boss in front of her sub-branch governor. However, due to the suspected illegal fund-raising nearly 1.94 billion yuan, waiting for her is 9 years of prison life. What is surprising is not only the behavior of Lie groups, but also the internal control of the banks. In the last 20 years of "latent" period, Lie group in the bank's office to do their own "business", but the Bank of the Lie group is not aware of the wrongful act. Loop path no doubt, Lie group is a failed money broker. Lie group has a neighbour, named Yu Zhijun, to do the gold business. The prosecution's allegation material shows that before and after 1990, Yu Zhijun to Lie group borrowings, and undertook to monthly 2 cent payment. In addition to lending their savings, lie groups lend to this person from financial institutions. As of 1997, Yu Zhijun accumulated less than 580,000 yuan to Lie group. The principal has not yet been repaid. There is more than one Yu Zhijun to borrow money. Hui is also one of the groups. At the end of 1996, Hui contracted the sublimation pharmaceutical factory of local beef and mutton processing plant to borrow from Lie group to need capital turnover. Lie group from Yingdong credit cooperatives, Zhou Peng credit cooperatives and other financial institutions to help Hui financing. Lie group or oneself for Hui loan guarantee, or Lie group oneself credit loan after Lend Hui. Similarly, Hui is unable to repay. To the occasion of the crime, Hui still owe Lie group 1.5965 million yuan of principal and interest. Lie groups would have wanted to earn a difference in the money-making process in order to gain revenue. But Yu Zhijun and other people do not return loans, Lie group can only find ways to fill the hole. In order to repay the principal and interest of the bank loans, Lie groups have to turn around by lending or borrowing at higher rates from others. However, as the financial sector gradually standardize the loan system, the amount of the working capital of the group to the financial institutions is getting smaller and higher, and the proportion of the loan to the public is increasing. By the first half of 2006, Lie groups began to raise funds for the social public to absorb deposits to ensure the operation of the capital chain. Owing to the increasing frequency of deposits to the public, the amount of indebtedness has increased sharply. Lie group more and more arrears, had to desperate, began a series of fraud fund-raising action. Mr. Xu, a creditor in the case, said that the group was initially approached with the name of pulling deposits. Lie groups in peacetime for their operation of funds to appear very "smooth", and a certain position, so never doubted. Lie group in addition to fraud to increase the credit rating, interest also turned higher. From the beginning of the monthly 2 points, to 3 points, 4 points, and even a few strokes to reach 7 points. Lie group even will some short-term inability to repay the funds, often some of the expiration of the high profits also credited to the principal, the loan period of a turn again, the fund snowball roll bigger. But this borrowing pattern is still not enoughThe operation demand of the Lie group Fund pool. By June 2008, Lie group from the bank customer Xu Yanglan and other people learned that there are people in the Community scalping acceptance. Lie group immediately come up with a "New Idea", you can by ticket from the ticket after the payment, or let the buyer first payment, etc., the large funds in the short-term control in their own "pool", for their own use. In this way, their pool of funds is not a cut-off. Starting from the beginning of July 2008, Lie group began with relatively low interest rate of the market, from the Xu Yanglan and other people to buy bank acceptance, and then a higher discount for the sale of bank acceptance, at the expense of discount difference in exchange for short-term control of funds. But this is tantamount to thirst. Lie group in order to raise more funds to ensure the operation of capital pool, illegal law is more and more aggressive. For example, in order to obtain funds from a client named Huo, the risk of accepting a bill from a bank without a real deal is also in the banking system. After all, this game is difficult to maintain long. "Disappear" the bank internal Control May 1, 2009, Lie group walked into the Fuyang Public Security Bureau surrendered himself. On that day, Lie group was Fuyang Public Security Bureau for suspected forgery company Seal crime. The same year June 7, Lie group was Fuyang People's Procuratorate approved the arrest. After the local public security identified, Lie group through high interest absorption deposits and other ways to Xu Yanglan, such as the illegal collection of funds 1.94 billion yuan. At the time of the crime, more than 90 million yuan could not be returned. As the hole more and more, so that its unbearable, and then to Anhui Province Fuyang Public Security Bureau surrendered himself. May 17, 2010, Lie group was the Public Prosecutor's office to be suspected of fund-raising fraud, forgery Enterprise seal crime, instituted prosecution. December 3, 2012, Anhui Province Fuyang Intermediate People's Court ruled that Lie group was sentenced to 9 years imprisonment for illegally absorbing public deposits, and a fine of 500,000. However, the public prosecution was initially accused by Lie group of the company's official seal, fund-raising fraud charges, the court finally to illegal fund-raising decision, quite controversial. Afterwards, a surname Xu's creditor reconsider, Lie group can easily borrow such huge funds from the public hand, carry on the huge bank acceptance Bill Scalping, its Tengda sub-branches preside the work Deputy Governor status as an important factor. "It would not be so trusting," the creditor said. Most of us in the office of Lie group talk about interest, take cover with false seal of IOU. More importantly, local people familiar with the analysis, the Agricultural Bank of Fuyang Tengda Branch internal control system to her illegal operation supervision. For example, a registered capital of only 30,000 yuan "empty shell" company, incredibly can open a bank acceptance of tens of millions of yuan. But there is little talk about bank controls in the pleadings and judgments. The acting lawyer of Lie group Anhui Gold Asia-Pacific law firm Wang Yalin defended that Lie group from beginning to end in the circulation of the loan, there is no illegal possession of the purpose, the public prosecution authorities charged with the crime of fund-raising fraud is wrong. In addition, Lie groups have surrendered and other circumstances, should be light sentence. However, the court found that, in order to repay the maturing debt, without approval, with high interest and loss of bank acceptance discount as bait, illegalThe act of collecting funds from the public to disrupt the financial order constitutes the crime of illegally absorbing public deposits. The evidence of the prosecution organ does not prove that Lie group illegally occupies the fund-raising funds and other acts that constitute fund-raising fraud. The Court therefore adopted the defence counsel's opinion.