Has Beijing Weijin Institute tried it?

Beijing Weijin Institute tried. According to relevant public information, the microfinance company and its Beijing branch were investigated by Xicheng Branch of Beijing Public Security Bureau for allegedly illegally absorbing public deposits. The form of absorbing public deposits is to absorb investors' deposits for business activities through the platform of microfinance companies, and some senior executives of microfinance companies have been taken compulsory measures. Fan Zhongmin, the legal representative of the microfinance company, has been wanted and the case is still under investigation. The first paragraph of Article 5 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases stipulates that if the people's court finds that private lending itself is suspected of illegal fund-raising crimes, it shall rule to dismiss the prosecution and transfer the clues and materials suspected of illegal fund-raising crimes to the public security or procuratorial organs.