20 15-06-09 Source: Times Weekly
Illegal fund-raising: More than 3,000 people in Suzhou and Yangzhou were involved in the case, and Yuexing Jiayuan was involved in the case.
Illegal fund-raising involves more than 3,000 people in Suzhou, Yangzhou and other places, with a total capital of more than 600 million yuan. Moonstar Home may be involved. According to several creditors, illegal fund-raising involves more than 3,000 people in Suzhou, Yangzhou and other places, with a total capital of more than 600 million yuan.
Event recovery:
At the end of May, the illegal fund-raising scam that started with Wenzhou businessman Su Yufeng and his actual controller Levin Investment Holding Co., Ltd. (hereinafter referred to as "Levin") finally surfaced and caused a shock. According to several creditors, illegal fund-raising involves more than 3,000 people in Suzhou, Yangzhou and other places, with a total capital of more than 600 million yuan.
Previously, the local police in Suzhou filed an investigation against the Suzhou subsidiary of Levin on suspicion of illegally absorbing public deposits (a kind of illegal fund-raising). On June 2nd, the local government in Suzhou told investors that the investigation of Gao Yang was still going on.
Levin mainly raised funds by selling the management rights of two commercial complexes, Yangzhou Yuexing Jiayuan International Plaza (hereinafter referred to as "Yuexing Plaza") and Suzhou Levin International Plaza (hereinafter referred to as "Levin Plaza"). The foundation stone of Yuexing Square was laid in March, 2065438+2002. It is jointly invested by Zhejiang home furnishing giant Yuexing Group and Levin, with a total area of 200,000 square meters. Levin Plaza is invested by a subsidiary of Levin, with a total area of 99,000 square meters. 20 1 1 the foundation stone was laid in April. At that time, the estimated investment was 800 million yuan.
From June 2065438 to June 2002, Gao Yang raised more than 600 million yuan from Suzhou and Hangzhou investors by selling the right to operate shops, and promised in writing to return certain profits to investors regularly, and finally guaranteed to withdraw by repurchase. However, at the end of 20 14, Gao Yang stepped forward many times and failed to pay the promised income on time, and two projects, Moon Star Plaza and Levin Plaza, also began to stop working.
A person close to Levin Group told Time Weekly that the development funds of commercial complex projects in the two places may be misappropriated to repay the previous debts.
Illegal fund-raising exceeds 600 million
On March 26th, Suzhou Industrial Park Antai International Business Hotel Co., Ltd. (hereinafter referred to as "Antai International", the developer of Levin Plaza) was investigated by the Economic Investigation Brigade of Suzhou Industrial Park Public Security Bureau, and its account was frozen.
Aetna International has a registered capital of US$ 55 million, and its shareholder is Levin Holding Group (HK) Co., Ltd. (actual controller is Su Yufeng), mainly engaged in the development and operation of hotels and commercial buildings in Suzhou Industrial Park.
From June 2065438 to June 2002, before the main structure of Levin Plaza was completed, Levin sold its self-sustaining shops (without pre-sale conditions) to more than 2,400 local investors at a price of1-30,000 yuan/square meter, with a financing of about 480 million yuan.
"The shops that Levin sold us the right to operate are all in the podium and basement, which is explicitly prohibited by the government." On May 30th, Suzhou creditor Ying An (pseudonym) reported to Time Weekly.
In the sales contract, the repurchase conditions set by Levin are divided into two stages: selling the right to operate for 10 years (after two years, Levin can choose to buy back or continue to hold it to earn interest) and 15 years (after five years, Levin will buy back). In the first year, the "investor" can get the interest of 65,438+065,438+0% of the principal amount, and then the interest will increase year by year.
According to the Interpretation of the Supreme People's Court on Several Issues Concerning the Specific Application of Laws in the Trial of Criminal Cases of Illegal Fund-raising, illegal absorption of funds by means of returning the original sales or agreeing to repurchase without the real content of real estate sales or taking the real purpose of real estate sales as the main purpose, which meets the relevant conditions, is illegal absorption of public deposits.
Gao Yang, who has long been suspected of violating the rules, was not investigated until March this year. "In August of 20 13, I bought the right to operate Levin Square. There was no pre-sale permit at that time. Gao Yang promised to return its income once every six months. I should have got the third interest return in March this year, but Gao Yang has repeatedly reneged. " Ying An said.
According to the information of Levin Group, Levin Plaza has invested 850 million yuan, exceeding the expected target of 800 million yuan, and needs to invest another 250 million yuan to complete it. However, Gao Yang's financing in open channels has exceeded 1 1 billion yuan, far exceeding its expected amount of funds.
CITIC Trust's collective fund trust plan for the loan of Levin Antai International Plaza in Suzhou shows that Antai International, as a borrower, set up a collective trust with a capital scale of no more than 440 million yuan with the land of Yuexing Plaza as collateral. Gao Yang also raised 600 million yuan for the project construction through the An Ying Fund. Since July 20 16, Gao Yang has collected and repaid 15%, 15%, 20% and 30% of the principal each month.
In addition, Levin guaranteed 0/00% equity of Antai International/KLOC, and refinanced 400 million yuan for Levin Plaza through Founder East Asia Trust. Excluding the 480 million yuan raised before, Levin has accumulated at least 65.438+48 billion yuan for Levin Plaza, which exceeds the current demand of the project by 65.438+06.5438+0 billion yuan. Why did Levin Plaza stop working in the second half of April 2065.438?
Time Weekly reporter asked Gao Hua, sales director of Levin Plaza project, about the relevant financing data. He said that the matter has been investigated by the public security department and it is not convenient to disclose information.
Times Weekly reporter called the Suzhou Park Government Financial Office as a creditor. Relevant personnel said that Gao Yang's project in the Soviet Union had been mortgaged to a trust company, and the trust funds could not be repaid due to the break of the capital chain, so there were not many saleable assets.
Capital chain fracture project shutdown
A scene similar to Suzhou Levin Square was repeated in Yangzhou Yuexing Square Project. According to a number of public information, Yuexing Plaza was jointly invested by Gao Yang and Yuexing Group with a total investment of 700 million yuan, and the latter was responsible for its operation and management.
Liang Ping (pseudonym), who bought the operation right of Star Plaza this month, told Times Weekly that he spent more than 300,000 yuan on the operation right of the store in July 2065438+2004, and the unit price was 2.9 yuan/square meter.
Time Weekly reporter learned from many channels that the management right of Suzhou project in Levin was divided and sold to more than 1000 "investors", with the amount ranging from 50,000 to1000, and * * * raised about 275 million yuan. Time Weekly reporter called Zhou He, vice president of Levin Group, on related issues, and the other party refused to respond.
Judging from the contract signed between Gao Yang and "investors", there are two ways to invest in Moon Star Plaza.
The investment in property houses is: the fixed income of 265,438+0% in the first three years will be deducted at one time, and it will increase by 65,438+0% year by year from the fourth year; The investment threshold of non-property management right is 80,000 yuan, and the rate of return in the first and second years is 9%, and then it will increase by 65,438+0% year by year, which can be repurchased in a short time.
Despite hundreds of millions of yuan in financing, Yuexing Plaza was still shut down at the end of last year. Gao Yang has also suffered from collective rights protection for many times since May because it can't return the income to "investors" on time. In the face of doubts, Gao Yang said that there was still a funding gap of 654.38+0.9 billion when the project was completed.
Times Weekly reporter called Zhuxi Sub-district Office of Hanjiang District, Yangzhou City as a creditor. The staff member said that Gao Yang is trying to make up the funding gap through financing and consider asset mortgage when necessary.
As the incident intensified, Yuexing Group remained silent all the time. The reporter of Time Weekly called He Mo, the director of public relations department of Yuexing Group, and the other party denied the existence of commercial cooperation with Levin, saying that Levin had not been officially authorized to use Yuexing home brand.
However, according to the documents obtained by Time Weekly reporter, Yuexing Home signed an equity transfer agreement with Levin Yangzhou Subsidiary as early as July 20 14, and bought a 6.7% stake in Levin Yangzhou Subsidiary for 24 million yuan. However, Levin failed to fulfill the promise of changing the industrial and commercial information on time, and Yuexing Home sent a reminder letter to Yangzhou subsidiary in Levin on September 20 14, requesting Levin to change the industrial and commercial information.
Bad records have been blacklisted by the court.
When the projects in Suzhou and Yangzhou fell into a broken capital chain, several "investors" of Levin's Subei Logistics City project in Xinyi also reported to the Times Weekly reporter that the property rights of the above-mentioned shops had not been repaid for a long time.
An "investor" in Subei Logistics City told Times Weekly that at the end of 20 10, he bought two shops in Subei Logistics City Phase II, and Gao Yang promised to rent them after sale and return 8% of the rent every year, but he has not received the rent refund for two years.
The reporter of Time Weekly had previously asked the xinyi city government department for verification, and the other party said that Subei Logistics City was still operating normally, and it was normal for individual "investors" to withdraw their rents.
Besides not paying interest on time, the prices of two commercial complexes in Levin are extremely low. In 2004, the floor price of Levin Plaza was only 360 yuan/m2. The floor price of Yuexing Plaza won at the reserve price of 20 10 is only 563 yuan/square meter.
As the helm of Gao Yang, Su Yufeng served as the chairman of Zheshang Presidium and the vice president of Zhejiang Chamber of Commerce in Jiangsu Province. According to media reports, Su Yufeng was engaged in the hotel supplies trading industry in his early years, but suffered great setbacks due to misjudgment. In 2002, Su Yufeng came to northern Jiangsu to explore the market, and Suqian Digital Science and Technology Plaza developed by Su Yufeng became an instant hit in Suqian.
Su Yufeng, which won the first battle, began to expand wildly. In 2005, it succeeded again in Xinyi, Xuzhou, the leading center of building materials logistics in northern Jiangsu. Subsequently, the Home Depot Building Materials and Furniture Plaza, which Gao Yang invested 200 million yuan, opened. In 2007, Su Yufeng developed Yangzhou Jiangyang Trade City, covering an area of 300 mu and a construction area of 200,000 square meters.
Subsequently, Gao Yang invested in the construction of many hotels such as Holiday Inn Rome Yiyang, Hunan, and acquired Yangzhou Bridge Food City. According to people close to Levin Group, under the rapid expansion, Levin's funds began to get stuck, so it was helpless to misappropriate the construction funds of projects in Suzhou and Yangzhou to repay the previous debts.
The Times Weekly reporter learned that Su Yufeng had been sued for refusing to repay the loan for many times, and the xinyi city court refused to perform the obligations specified in the effective legal documents on the grounds that he had the ability to perform, so Su Yufeng was included in the list of people who were executed for dishonesty.
In addition, Su Yufeng's Antai International and Yangzhou Borun were blacklisted by Suzhou Intermediate People's Court in June last year for refusing to perform their obligations determined by effective legal documents, concealing property and evading execution. In addition, Gao Yang's subsidiary was also brought to court at the end of 20 14 for failing to repay the loan of the microfinance company on time.