Next: Oil Dream

Financial magazine cover: public crony.　　Next: Oil dream 183 gas stations Li in the jiating period of the oil dream, until Mr Chen to help to get the chance.　　July 2004, Li and his sister in Beijing registered Barnard Media Advertising Co., Ltd., exclusive access to the image of Sinopec agent and all the gas station ads. In China's oil and gas map, China Petroleum Group has the advantage of upstream mining business, Sinopec's refining business is dominant, the latter because of heavy dependence on imported crude oil by the international market volatility.　　And in the sales link, the original pattern of North-South division, has gradually broken. By the end of 2006, Sinopec had a 28801-seat gas station, which was more than tens of thousands of petrol stations owned by PetroChina over the same period.　　Barnard Media Advertising Co., Ltd. that nearly 30,000 stations network and more than 20,000 standard advertising light boxes, hanging paintings, etc., is the company's core competitiveness.　　But this is certainly Shing compared with 183 of the gas stations.　　With in July 2004, Sinopec Beijing Branch and Beijing First Petroleum Investment Co., Ltd. cooperated to set up Beijing Sinopec first Oil Investment Operation Co., Ltd., registered capital of 1 billion yuan, the former 123 wholly-owned gas stations in Beijing, 700 million yuan investment in real assets, the latter out of cash 300 million yuan, plans to create 60 gas stations. The 60 new petrol filling stations must be completed within one year under the joint venture's charter: In Beijing Five rings, six ring, Beijing, Beijing, Beijing, Shenyang, the second Beijing-Tianjin-Tanggu, the second airport and other high-speed sections of the new highway, the purchase of Capital Expressway development Company and Highway Liaison Line company on the Beijing Road, the gas station stake; buyout Beijing New Road network,　　New large car parks, logistics centers, new community planning stations, and so on.　　Mr Chen as the signatory of this Agreement, in the previous declaration material, many copies can be seen by Chen instructions "expedited" words. It should be mentioned that Beijing first Petroleum Investment Co., Ltd. was founded in March 5, 2004, the first group and Li name Shenzhen Fang Tong Technology Co., Ltd. held 80% and 20%. The company's 2007 earnings show that its total assets of 398 million yuan, after-tax profit of 41.09 million yuan, net assets also amounted to 136 million yuan.　　And the Li side has been not in place.　　With the monopoly of the potential and strong combination of the first and Sinopec this "Big Mac", not only broke the Chinese oil in the northern market alone, but also further squeezed the survival of private gas stations space. China has liberalized its oil market since 1992, with private gas stations ushering in a six-year golden period. 1998, the implementation of the franchise products, PetroChina, Sinopec and other acquisitions, coupled with the construction of the expressway into the peak, the gas station is almost two giant monopoly.　　According to China's accession to the WTO commitments, foreign investment in China after December 11, 2004 to enter the retail market for refined oil products, the end of 2006 to fully open the wholesale oil products market, the company's establishment is the time. Mr Chen has publicly said: "Someone asked me: If the refined oil pricing let go, by the market, who decides? I replied, "I will make it!" "In addition to Beijing, Li has also invested in several petrol stations in Guangdong, Fujian and other similar ways."　　Its stock equity conversion, conservative valuation should be more than 1 billion yuan, this is an incomparable cash cow. But Li, who has been freed, is now forced to sign documents to transfer 20% per cent of its first oil investment company to the pioneer Group.　　At present, Sinopec, pioneering group of cooperation has also been suspended, the relevant companies to cancel. With Zhung Ma as early as in 2002, China Petrochemical Homeopathy a group management model, in the headquarters decision-making center under the oil recovery, refining, chemical, sales of four divisions, from raw materials procurement to product sales unified scheduling.　　Is the year, its name listed company Hubei Xinghua (600886.SH) reorganization, the big shareholder from Sinopec to the national Development Investment company, in order to solve the parent-subsidiary company competition, the related transaction amount is big, the proportion high problem.　　According to the investigation, in fact, as early as the Li stay in Hubei, that is, Hubei local and petrochemical areas of the intersection of forces, and from this heavy warehouse Sinopec's many stocks. Compared with the same period of capital players, Li, backed by securities, aims to curve in oil recovery, oil refining, chemical industry and other fields which are open to private capital. "Once the policy is loose, it can be prescient and take advantage of it."　　"said one person familiar with the matter. After Hubei Xinghua, Mr Chen China Petrochemical since 2006 launched a large-scale sale of the Shell Integration Plan, its seven a-share listed companies, four have drawn up the initial sale of Shell objects.　　such as S*st II (000728.SZ), Stone Refining (000783.SZ) sold Shell to two securities companies, "hidden Zhuang" has already been in advance layout. In fact, since 1999, Li has been through jiating to meet the villagers in Yunnan, then vice chairman of the SFC joining, for the future in-depth intervention in the securities market. It is the source of profit to ambush the profits in advance by correlating information.　　According to the relevant investigation, after getting Mr Chen help, Li mobilized hundreds of millions of yuan funds, through hundreds of funds in advance layout of the stock.　　The interests of the deep concern, Mr Chen a good friend in the bank loans 10 million yuan to invest in the two stocks, the madness is evident.　　It is one of the ways that the party has been fighting corruption in recent years by controlling the businessmen or mistresses around the main leaders and then pulling out a huge network of corruption. Authorities reported that in October 2006, Li was controlled by the police for allegedly evading tax payments. After the mistress Li was taken coercive measures, Mr Chen had conducted some interference investigation activities. Soon Du Xicheng was filed for review for meritorious work and report Mr Chen.　　March 2007, Mr Chen suspected of serious disciplinary problems were reported to senior level.　　But on February 26, 2007, the meeting of the Backdoor shareholders approved the plan by a 96% high vote, and the reorganization plan for the second was also made in the same year March 13. "The hair is really white at night." "A market that sees the dealer's gaffesPeople say.　　Obviously, if backdoor second, the plan of the stone refining is suspended because of Mr Chen case, the concerned party will lose the expense to return. The above market Personage introduces, this benefit community has utilized all resources to carry on the maximum lobbying, the most successful place lies in the Mr Chen the March 2007 preliminary investigation dragged to June to resign voluntarily, then to October in the CPC 17 Congress passed by "double gauge". The time difference between the last eight months and so on gives the stock a sufficient amount to maneuver.　　Since then, Teng shell, slimming, injection, share reform four steps, the industry evaluation as "smooth, classic", but few people experience the soul-stirring of the market makers. In the case of the stone-smelting transition, the listed companies had a 100 times-fold earnings ratio, with shareholders earning more than 13 times times the return on the market, and remained at more than 30 times times earnings.　　Such high returns have benefited from the "generosity" of the sellers – letting listed companies repurchase their holdings and write them off. Unfortunately, Li failed to enjoy the windfall, and the majority of the assets she was involved in were seized.　　Many of the details are also Shing. Line washing route authoritative sources said that in June 2007, Mr Chen first received an organizational conversation and was asked to account for the economy and finance.　　At this time, Chen but large-scale transfer of property, since the middle of May to June 20, through Beijing, Tianjin, Shenzhen and other 12 accounts to extract, transfer and hedging foreign currency more than 170 million yuan.　　Since the Mr Chen of the above funds are under surveillance, it has a direct impact on the traceability and eventual conviction of the source. July 15, 2009, 61-year-old Mr Chen for bribery more than 195.73 million yuan first trial sentenced to a reprieve.　　Chen's gray hair at this time, look lonely, difficult to see the style of the past. In fact, Mr Chen transfer of assets and Li from the outside of the capital channel slightly intersection-funds from the transfer of Shenzhen affiliated companies, the front-end is Hong Kong transit point, and then traced the direction of unknown.　　According to the LI, these funds are composed of three pieces: first, the income of their industrial investment, the second is the Commission of the project introduction and the rent of other people's power. In the 2006 before the murder, Li a massive transfer of money from abroad has been traced.　　At that time, she was involved in the "first uncompleted building in Guangzhou," Prudential Square case is proof. As a local landmark, Prudential Plaza is located in Guangzhou's busiest commercial circle days of Hebei Road and Sports West Road junction. High 51-storey A, b Twin Towers, the front is about the blunt Baidu-like, like two wings open.　　Project by at COSL Guangzhou City Real Estate Co., Ltd. and Guangzhou City Construction Group Cooperation development, August 8, 1993, the introduction of the popular Hong Kong sales methods-selling "uncompleted", once fired a $30,000 per square metre of the sky-high price, involving the purchase of 90 households. 1996, the top of the China-Prudential Plaza due to the sudden seizure of debt problems, the implementation process has been a Chaoshan hsiang control-including the former deputy Dean of the Supreme People's Court Huangsong, Guangdong Province, the executive Director of the senior courts Yang Xiancai, lawyers Xu Junhong and Chen Zhuolun, as well as the two people in Prudential Square Fan ChunGuo Cheng. "Li want to buy Zhong Cheng Square, the price is high, very attractive, but the premise is to help her to 8 billion yuan to wash white money."　　At Cosl told Caijing reporter. In time, this coincides with the expansion of the mainland in the same period. At COSL introduced, one of the talks in Beijing, Li in his robe in the suite to meet him, repeatedly hinted at his relations in politics, and said he had successfully moved the song.　　However, due to the at COSL in Cheng Plaza for many years, the Li refused to bear the risk of money laundering. Nevertheless, Li or through the Huang Song and Yang Xiancai, around the Chung Hua, in the name of Sinopec in May 2006 with Guo Cheng name of the company signed an agreement with more than 1.3 billion yuan to buy the Central Cheng Plaza Beita.　　Strange is, Guo Cheng 2004 won the above property in Prudential Plaza, for 924 million yuan to provide security for the purchase of the Chinese petrochemical company in Guangdong Branch. According to people briefed, Fan Chun industry, Guo Cheng and Mr Chen acquaintance, all due to Li referral.　　Mr Chen Readme intervention in Midtown Plaza is a lack of landmark buildings in Guangzhou, China. Seems to have the Omen, before the crime of Li often with people around to share their hardships and hardships.　　But she alone does not talk about feelings. Today, most of Li's assets are still preserved, especially overseas, which mainland jurisdictions cannot reach.　　Even during the four years under investigation, some of the assets still add value.　　Traversing the influential, several ups and downs, Castle Peak is still, although the lack of clear protection of property rights, but in the information opaque environment, Li comeback is also unknown. In Chaoyang District, Beijing, Li and his sister Li Yu in June 2005, August 2009 two times to deal with temporary residence permits, the previous acquisition of assets, after the sale of assets; in Hong Kong, Li has resigned from the directorship of Orient United Industrial Co., Ltd, Hao Yi International Limited since April 2008, and is replaced by Chen Danxia As for NC International Limited, it is not only the owner of 25% stake in Taishan Real estate, but also has a large amount of industrial investment in Guangdong and Fujian.　　Even if they emigrate to the other side of the ocean, they can continue to live "parasitic" life. According to Mr. Wu, Qian yingyi economists, crony capital is a distorted or bad market economy, some of them through the power and network of rent to get rich, after becoming a vested interest in all kinds of reasonable market reforms in a variety of ways to block. Du Xicheng, Mr Chen, the fate of the convergence of power in the depth of the market, in the oil, real estate markets, they are a monopoly of the first market, in the lopsided securities market, they may affect the policy and the use of state funds.　　Unfortunately, most of the transactions behind these are ignored by judicial trials. The environment limits the choice, the system provides the guidance. The rule of law does not stand, there will be more wit and women, with a dream to embark on the same road with Li. When the sun is only occasionally broken into, darkroom in the elite and crony, there is still to survive and expansion of time and space.　　Who is bribing Mr Chen this is the fifth year that Mr Chen loses personal freedom, is also he wears the crime to serve the second Spring Festival. June 22, 2007, Mr Chen resigned for "personal reasons"。　　The same year, October 15, when Li director of the Chinese Communist Party of China at the 17, revealed Chen has been "double regulation."　　January 26, 2008, Xinhua news agency said that Mr Chen in China Petrochemical Group deputy general manager, general Manager and vice chairman of Sinopec Holdings, chairman of the period, the use of Office facilitation, for the benefit of others, received a huge amount of money, the use of authority for the mistress for a large number of illegitimate interests;　　The mistress mentioned herein is Li, which is mentioned in the Mr Chen trial. July 15, 2009, Mr Chen was sentenced to reprieve for bribery. 10 days later, Chen waived his appeal. Qincheng Prison has one more inmate. Mr Chen was convicted by the court of more than 195.73 million yuan bribery, the Chinese government since 1949 to deal with and published the highest amount of corruption cases, the case of six bribe people have appeared in the witness, not be held criminally responsible.　　To date, six people have been declassified. Mysterious person David an March 6, 2009, the second branch of the Beijing Municipal Public Prosecutor's office to prosecute Mr Chen. The same year June 12, the case in Beijing Second Intermediate Court low-key first trial.　　According to the judgement that has entered into force, Mr Chen crime fact altogether five, involve bribery person six, among them 90% bribe proceeds from either David-Hans Energy (00554.HK) board chairman.　　Of the 2010 Hurun List (Hong Kong), either David ranked 33rd in HK $1.1 billion in assets. Either David, male, July 15, 1959-born, Hebei, studying in Beijing, university education, since 1997, has Canadian citizenship.　　In the Hans Energy document, either David also appears as "David an". Either David and Mr Chen met in 1997, through Mr Chen's brother-in-law introduced in Beijing, next to the national cultural Palace Sorabol restaurant first.　　Since then, the two people gradually increased exchanges, bribery is mainly concentrated in the southern sandy area of Guangzhou (formerly Fanyu District) Small Tiger Island Oil depot project.　　The largest oil depot in Guangdong Province was founded in 1992, Investment Fang Guangdong (Panyu) petrochemical storage and Transportation Development Co., Ltd. (hereinafter known as Yuehai Petrochemical) registered capital of 50 million yuan, Guangdong Yuehai Group's wholly-owned subsidiary Yuehai Petrochemical Co., Ltd. once held its 92% equity. 1998, Guangdong Group Assets reorganization, its subsidiaries holding the Guangdong Petrochemical stock is also the transfer of all. Mr Chen led pro to Guangdong, to negotiate the acquisition of Small Tiger Island Oil depot matters; The family background deep either David then intervene, finally by Sinopec Guangdong Branch and either David form joint venture, completed to the small Tiger Island Oil depot acquisition, profit 46 open.　　Initial cooperation, either David profit quite abundant. In the August or September 2005 after the battle, either David came to the Mr Chen office, saying it had procured a cheap, sour crude. Mr Chen proposed, hope either David will sell it all to Sinopec.　　According to the briefing, Mr Chen in the trial in this project argued that this high sour crude oil department either David imported from Sudan, Mr Chen also arranged for Chinese petrochemical related personnel to negotiate with the Sudan and not. AlthoughSinopec at that time smelting technology and production capacity are not followed, but still with either David signed a supply agreement, Chen this instructions: "The price waits for no one, processing is not good, first reserves up." "The prosecutors have accused Sinopec of buying up to 31.6 million barrels of mixed oil from either David."　　Mr Chen's defender, Beijing Kangda law firm lawyer Gao Zicheng, argued in the trial that Sinopec has profited 600 million to 1 billion dollars. Either David and Mr Chen the third connected fact is a joint venture to build Dongguan Dongzhou oil Depot. According to the NDRC September 5, 2005 approval, the project plan covers an area of 700 acres, construction of 1 million cubic meters of special large oil depots, terminals.　　But the project has not been Mr Chen, the first has been Lok Ma. The court found that, in order to thank Mr Chen for his help, either David from December 30, 2005 to May 23, 2007, seven times to Mr Chen son Chen Lei in Hong Kong HSBC, the European Financial Group, Standard Chartered bank accounts, remitted into HK $176.6 million.　　One of the Mr Chen occurred one months before the murder.　　According to the court found that, in addition to either David, Mr Chen another 18.13 million yuan bribery by four facts constituted, involved in five bribe people. The bribery of people has a friend, such as Hong Kong Global Petrochemical Co., Ltd. Chairman Zhungyongjian. In the first half of 2003 to the second half of 2004, Sinopec's new office Building infrastructure Project site, Zhungyongjian by the United Land Real Estate Development Co., Ltd., under the instructions of Mr Chen, Sinopec finally selected and purchased the company Chaoyang Square block, Zhungyongjian was the intermediary fee of 19.5 million yuan; thereafter,　　The Office Building contractor Beijing Construction Engineering Group Co., Ltd. also commissioned Zhungyongjian lobbying Mr Chen success, the successful bidder, the village and the intermediary costs 15 million yuan. Relevant people, either David and Zhungyongjian transactions and remittances, mostly by Li. If Zhungyongjian through the "Hong Kong gambling king" even Zhoo underground banks will transfer profits to Hong Kong. Thanks to the table, in September 2004 and March 2005 two Mr Chen were given $1.5 million and HK $1 million.　　Li is actually also a Liang long-term customer.　　The other three bribery facts, the amount is relatively small, Mr Chen is an indiscriminate. such as the second half of 2003 to 2005, thanks to Chen's help, Anhui Jianghuai Cable Group Co., Ltd. Beijing regional marketing manager Shi Yongzhi, Shi Lijun brother and sister for the company forwarders Qilu Branch ethylene Renovation project, China Education TV station China's legal online column forwarders Sinopec in the second half of 2005 and 2006, the channel to put the advertising business, and received a commission of more than 5.4 million yuan.　　Shiri to Mr Chen six times to bribe RMB 700,000 and 60,000 dollars. August 2003 to the second half of 2005, Mr Chen by the Chinese Far East Hainan International trading Company's former general manager Liu remote Conto, in Anhui Anti-Corrosion Corporation, China Railway construction group Hainan branch of Sinopec Shengli Oilfield Co., Ltd. dongxin oil production plant automation renovation project, Hainan Refining and rehabilitation projects, such as greeting, under instructions, Liu remote from the intermediary fee of more than 1.7 million yuan, the latter in 2006Chen Lei HK $500,000 was awarded in Hong Kong on February 10. 2004 China Petrochemical Construction Tianjin Port oil tank, Hangzhou ka Tai Trading Company general manager Wang Huamin by the Tianjin Ka Ling United Industrial Co., Ltd., find Mr Chen Help to buy the latter of the South China Petrochemical Land, Wang was intermediary fee more than 15 million yuan.　　To this end, Wang Huamin four times to Mr Chen to serve 300,000 euros. Mr Chen the highest bribery, its effective trial for a reprieve. Cover because Du Xicheng crime, mistress Li will Mr Chen pull out, but the fact that the bribery is not the investigation department master, the crime after the initiative to explain. The Court found that its conduct constituted surrender and leniency. (Source: Financial Network Author: Rochangping) previous page 123 next page