Shenzhen Public Futian Sub-bureau released the latest information on the cases of "Qian Dad" and "Huitong Easy Loan" through its official WeChat. According to the circular, eight people, including Yuan Mou, the actual controller of Qian Dad's affiliated company, have been transferred to the Shenzhen People's Procuratorate for review and prosecution on suspicion of fund-raising fraud and illegal absorption of public deposits. Shareholders Huang (male) and Finance Zhang of Huitong Easy Loan Company were detained in criminal detention, while shareholder Huang (female) was detained in criminal detention.
Shenzhen generally refers to Shenzhen. Shenzhen, referred to as Pengcheng for short, is a prefecture-level city under the jurisdiction of Guangdong Province. It is a sub-provincial city, a city with separate plans, and a megacity in Guangdong Province. It is also a China Special Economic Zone, a national economic center city, an international city, a scientific and technological innovation center, a regional financial center, and a trade and logistics center approved by the State Council.