Wealth Union debt bottom: only peer-to-peer liabilities exceed 200 million

Li flaw Li Shouzhong Li Xiangxiong

"The first financial daily" October 27 reported the "Wealth Alliance suspected illegal fund-raising 10 affiliated companies surfaced." As the inquiry deepened, the mysteries of the Wealth Union and Yuanqingshi and debt began to become clearer.

October 27, http://www.aliyun.com/zixun/aggregation/79250.html "> newspaper reporter at the scene, the Sichuan Wealth Union office door and Wall plastered with investors accused of slogans, as well as related disposal announcements." The office also brings together activist representatives and newly rushed investors, who are mostly elderly.

The amount of debt that a wealth union has, is the primary message that many investors want, because it is about the likelihood of them getting their money back.

About the Sichuan Wealth Alliance Financing Center (hereinafter referred to as "financial Center") of the debt, currently has a total of 214 million yuan and 224 million yuan of the argument. "The information we have now is that the financial center involves 817 investors, with an amount of $224 million." "The head of an investor claims maintenance group said the first financial daily, but he was told that the total amount of yuanqingshi and debt involved could be at 800 million or 900 million.

A person close to Yuanqingshi and said to this newspaper: "He is estimated to be in debt 800 million or 900 million, peer-to-peer this piece is 214 million." His debt is more complex and the figures are clear after police investigation. ”

On the morning of October 28, the local police will convene a briefing. The newspaper was informed that the Yuanqingshi and the police had been in control, and in order to investigate the case expeditiously, the police officers had increased from 10 to 16.

How much debt?

The amount involved in the Peer-to-peer section was also mentioned in a Yuanqingshi obtained by the first financial journal and a recording of the statement to investors on October 6. According to Yuanqingshi and the description of the debt, 3721.html ">2014 year August, after the bankruptcy of the Sichuan classmate Wealth Union, Owe financial center 214 million yuan, there are students wealth alliance to individual creditors of the debt is also transferred to the financial center, the total amount of debt is 410 million yuan, the outstanding interest is 124 million yuan, the principal plus interest of 526 million yuan. Yuanqingshi and said that in fact, the financial companies and their personal liabilities, there are 367 million yuan.

This newspaper obtained a copy of the Sichuan Wealth Alliance Association Asset Management Limited assets and decision book, September 10, 2014, Sichuan Wealth Alliance Exchange Asset Management Co., Ltd. to the financial center, the transfer of 402 million yuan of claims, and this part of the interest of 124 million yuan, the total transfer of the creditor's rights and interests of 526 million yuan. The transfer of this part of the debt to compensate the financial center and the relevant personal customers. At the same time, the decision sets out the size of the debt is 367 million yuan. These data are basically in line with the data described in Yuan's mouth.

So why is the debt of the Sichuan students ' union related to the investors in the finance center?

According to Yuanqingshi and his own introduction to investors, Sichuan classmate Wealth Union in its financial center of the eight floors, and the financial center in fact, there is no business registration relationship, but in Sichuan classmate Wealth Alliance disintegration of the time involved in assets, financial center to divide the Yuanqingshi and the mouth of the "best" creditor assets.

According to the transfer of creditor's rights agreement, some of the transfer time is September 14, 2014, investors suspect that this part of the debt is the financial center from the Sichuan classmate Wealth Union in the hands of the "bad" assets. But this suspicion has not been confirmed by the relevant people.

One investor, presenting his "transfer and transferee of debt" to this newspaper, said that the two borrowers in the agreement were false and their ID numbers were wrong. An activist representative to the newspaper reporter said that it is a peer-to-peer form of contract with the borrower, in fact, a small pool of funds.

"As far as I know peer-to-peer this debt is the small head, although it is more than 800 people, but are 50,000, 100,000 of the bulk or personal loans, are millions of tens of millions." "Yuanqingshi and a friend told this newspaper," Yuanqingshi and peacetime work or down-to-earth, people also can. ”

The friend, also a creditor of Yuanqingshi, lent more than 2 million to yuan in July on the interest of 2.5 in the month. "Received two times, August their classmate union closed down, I went to him, he said the recent funding tight, October back to me, the result of September 30." His hometown Lezhi someone borrowed more than 10 million to him, Neijiang someone borrow 5 million, Mianyang someone borrowed 5 million. ”

Run into the last straw

Behind the formation of such a large debt, in addition to Yuanqingshi and the company's internal control issues, Huitong guarantee the financial turmoil in Sichuan is also the fuse.

Investors said that the Sichuan Wealth Alliance triggered the "earthquake" is the Sichuan Classmate Wealth Alliance Investment Co., Ltd., the legal representative of the Red Army. According to Yuanqingshi and introduction, in 2013, the Red Army with the finance director and the Wind control department of people, eat the credit business rebate, in the lending audit lax, put out 600 million yuan. At the same time, the Red Army also put 110 million yuan funds privately transferred to their own company to lend. And wait until Yuanqingshi and discover, that 600 million yuan of loans only recover 10 million or 20 million this year, and fortunately red private lending 80 million despite being withdrawn, there are still 30 million by the Red Army can not take back.

"All the crux of the problem is starting here from the Red Army. "Yuanqingshi and investors said that the Red Army to lend the 600 million yuan loopholes in the loan, each month to pay more than 10 million yuan financial center interest, but also with the financial center of various expenses, the cost of a sudden increase in the burden." According to Yuanqingshi and introduction, as of this year October, the financial center paid 100 million yuan interest to investors, and the other side is not back.

A person close to the local regulatory level said to the reporter, he learned that the situation is that the wealth union to lend money, and the wind control is not responsible for the money is not back, had to attract new money and old money, the end of 2013 began to engage in illegal fund-raising.

The people also said that the wealth union is actually two people operating, is Yuanqingshi and Lucky red. A small shareholder told this newspaper, at the end of last year, Yuanqingshi and fortunately red soldiers make contradictions, yuanqingshi and blame fortunately red soldier mismanagement, cast out of money not to return, fortunately red soldiers went out to do other projects, then the wealth union is mainly yuanqingshi and loadings in operation. This also seems to confirm the Yuanqingshi and the introduction of the relevant content of the lucky Red Soldier.

Fortunately, the Red Army is only the beginning, the fuse is this July this year, the security of the runaway incident triggered a vicious circle. First, after the company's borrowings are withdrawn, there is no longer any new borrowings, and there are difficulties in capital turnover. At this point, the client's run became the last straw to crush the camel. August Financial center funds to more than 20 million, September only more than 10 million left. At this time also pay the previous monthly 600 million yuan lending funds interest more than 10 million, already difficult to support.

The small shareholder said that initially the original shareholder has 38 people, registered capital of 30 million yuan, the first half of this year, the increase in capital shares to 276 million yuan, the number of shareholders reached 68 people. By the end of August, when shareholders forced a meeting of shareholders, Yuanqingshi and only to explain the truth, at the end of last year, the company faced a collapse, so to increase capital to save the crisis.

"We let the students ' union go bankrupt in order to keep the financial centre from going bankrupt, because if the student union is not bankrupt, it will take the money in our financial center to pay 10 million interest per month, and the financial center will be dragged down." This time Yuanqingshi and chose to end the Sichuan classmate Wealth Union to keep the financial center.

But the disintegration of the Sichuan students ' Wealth union did not make the financial center better. "If there were 30 million, the wealth union would be saved," he said. However, the last Yuanqingshi and still did not walk through this 30 million of the ridge.

Financial puzzle

In fact, after listening to the Yuanqingshi and the explanation, there are still many relationships difficult to clarify, such as why the red Soldier 600 million yuan of debt to let the financial center to return? What's the relationship between two companies? A data on the size of the debt that the journalist obtained showed that the debt of Yuanqingshi and the financial company mentioned was a transfer of the past 367 million yuan from the Sichuan Wealth Union Association Asset Management Company.

"From the legal point of view, the business registration of the financial center and the Classmate Alliance has no relationship, actually from the function, the financial center is belong to the Classmate Alliance, financial center account is directly into the classmate Union." Yuanqingshi and explained to investors.

He also said that the wealth management company's money into the classmate Union, whether through the transfer of the exchange or directly transferred. The above Yuanqingshi and referred to the 214 million-yuan account is the wealth union transfer to the association, Exchange transfer to the financial management company.

However, the current concrete Shi remains a mystery.

"Before our money through the POS machine to the financial center, the association was not established directly to the students of the Alliance, after the establishment of the Association through the Association to the classmate Union." "One of the above-mentioned investor rights group leaders told the newspaper, the association is a intermediary company, these companies are a set of horses." According to the business registration information, the association was established January 26 this year.

Regardless of how Yuanqingshi and its affiliates Shi, things have developed so far, and investors want to know where the money is going. In the course of the investigation, investors, financial managers, including Yuanqingshi and friends, consultants, and so on unanimously said, do not know the flow of funds, only Yuanqingshi and know. And Yuanqingshi and I also said: "To check the financial books to know." ”

Yuanqingshi and in the recording to explain to investors, there are some investment projects involved in real estate, heavy metal ore, plastic industry and many other fields. "There is a Zhejiang people, put 10 million, plus interest of 16 million, seize his shop is not worth 10 million", "Yaan Yucheng District has a coal mine, more than 98 million", "17.15 million, in Meishan has a plastic factory", "This 6 million, is a flour factory" ...