CCTV News:The People’s Court of Gaotang County, Shandong Province today publicly pronounced the case of illegally absorbing public deposits by Huan’s parents and related units, and Yu Huan’s parents were sentenced to 4 years and 3 years’ imprisonment respectively.
The illegal storage of 25.0885 million yuan has been fully refunded.
It was found through court trial that the defendant units Shandong Yuanda Industry and Trade Co., Ltd. and Shandong Saiya Clothing Co., Ltd., the defendant Yu Huan’s parents Yu Ximing, Su Yinxia, his sister Yu Jiale, and Zhang Zhenyong, the director of Saiya Company, illegally absorbed public deposits of RMB25,088,500 through Shandong Zhengdian Investment Co., Ltd. acquired by Yuanda Company in Jinan from September 2014 to June 2016. Among them, Yuanda Company, Yu Ximing, Yu Jiale and Su Yinxia involved all 25,088,500 yuan, and Saiya Company and Zhang Zhenyong involved 20,508,500 yuan. The above funds are mainly used for the production and operation of Yuanda Company operated by Huan’s parents, and the repayment of principal and interest. All the illegal fund-raising funds involved in this case have been returned to the fund-raising participants of 12.4774 million yuan before the incident, and all the funds involved that have not been returned to the fund-raising participants after the incident have been returned to the case.
Constitute the crime of illegally absorbing public deposits.
The People’s Court of Gaotang County, Shandong Province held that the two defendants, together with the defendant Fan Zhengan, violated the national financial management laws and regulations, absorbed funds without the approval of the relevant departments according to law, publicized to unspecified social objects by distributing publicity pages and visiting companies such as Saiya, and promised to repay the principal and interest within a certain period of time, all of which constituted the crime of illegally absorbing public deposits; Defendants Yu Ximing and Su Yinxia are directly responsible persons in charge of Yuanda Company, defendant Yu Jiale is directly responsible persons of Yuanda Company, and defendants Zhang Zhenyong and Cheng Xiao are directly responsible persons in charge and responsible persons of Saiya Company, all of which constitute the crime of illegally absorbing public deposits. After the incident, Saiya Company voluntarily returned the money that it participated in illegal absorption and needed to continue to return the fund-raising participants, and it was given a lighter punishment as appropriate.
Yu Huan’s father was sentenced to 4 years and his mother was sentenced to 3 years.
The court finally sentenced the defendant Shandong Yuanda Industry and Trade Co., Ltd. to a fine of RMB200,000 for the crime of illegally absorbing public deposits. Sentenced the defendant Shandong Saiya Clothing Co., Ltd. to a fine of RMB 150,000; Sentenced the defendant to four years’ imprisonment in Ximing and fined RMB 150,000; The defendant was sentenced to 3 years and 6 months in prison in Jiale and fined 100,000 yuan; The defendant Su Yinxia was sentenced to 3 years in prison and fined RMB80,000; Other defendants were suspended or exempted from criminal punishment.
[News Background] "Insulting Mother" forced debt to resist Huan, causing one death and three injuries.
Yu Huan’s case occurred in April 2016. At that time, due to the organized criminal gangs of the underworld nature, they used insulting their mothers to force debts, and Yu Huan resisted, resulting in one death and three injuries. After Yu Huan was sentenced to life imprisonment in the first instance, it aroused widespread concern in society. On June 23, 2017, Yu Huan’s case was pronounced in the second instance. The Shandong Higher People’s Court found that Yu Huan was an excessive defense and constituted a crime of intentional injury, and sentenced Yu Huan to 5 years in prison; The principal criminal of the underworld gang behind the Yu Huan case was sentenced to 25 years in prison.