Hou Ming and Wang Xin are closely related. Both of them are from Xinjiang and have been together for more than ten years. At the end of 2002, introduced by Wang Xin, Hou Ming went to Shenzhen Guang Hai Investment Co., Ltd. (hereinafter referred to as Guang Hai Company), a subsidiary of GDB, as the deputy general manager until he left Guang Hai Company in April 2007. GDB began to attract investment and reorganize in 2005, and Wang Xin was in charge of key departments such as planning department and asset management department. After the reorganization, Wang Xin also served as the vice president and chief integration officer, and was also the executive director sent by China Life Insurance (23.89, -0. 12, -0.50%), one of the new shareholders of GDB.
During this period, through Hou Ming's "recommendation", two real estate projects in GDB's non-performing assets-Guang Hai project and China Travel Avenue project-fell into the pocket of the little-known Hong Kong real estate developer Hong Kong Hanguo Real Estate (China) Co., Ltd.
According to the materials released by the investigation organ, during the disposal of the two major projects, Hou Ming made a profit of 6.5438+0.6 million yuan and 6.5438+0.38 million yuan respectively. Wang Xin accepted Hou Ming's cash bribe of 800,000 yuan. This laid the groundwork for later events. However, in the indictments of the two cases, the description of Wang Houquan's money transaction is not sharp, indicating that there are many "objective conditions" for the two people to contact the projects involved, and there are few signs of exclusive communication.
Wang Xin's defender, Wang Bo of Guangzhou Jin Peng Law Firm, provided a misdemeanor defense for Wang Xin. He pointed out that Wang Xin's suspected criminal behavior was not subjective and vicious. It can be proved that every time Wang Xin accepts the property bribed by Hou Ming, he has experienced prevarication and rejection in advance. Hou Ming's defense lawyer also said that Hou Ming did not play a leading role in the two asset disposals. Hou Ming just created the opportunity for buyers and sellers to meet. How to sell and how to sell is the result of high-level discussions between the two sides.
In yesterday's court, Wang Xin expressed remorse and hoped to get a light sentence, but he also said that he was forced to collect money. Wang Xin's lawyer doesn't think this car can be counted as a bribe. Because the owner is Yuntai Company, Hou Ming also wrote an IOU to the company when he picked up the car. If it is for Wang Xin, it should not be like this. At the same time, the lawyer replied that Wang Xin was forced to hand over the auction right to the auction house after Li Ruohong, the "number one", agreed.
After a morning trial, the court did not pronounce a sentence in court.
The former chairman resigned due to health problems.
The reporter learned that on June 5, 2009, Wang Xin was detained in criminal detention and was arrested by the Guangdong Provincial People's Procuratorate on June 19. Coincidentally, Li Ruohong, chairman of Guangfa Bank, submitted his resignation application to the board of directors on the day of Wang Xin's arrest. Lei Da, deputy general manager of the asset management department of Guangfa Bank, was also taken away by the case handlers of the Guangdong Provincial Procuratorate during this period. Afterwards, according to sources, Li Ruohong resigned because of health problems and job transfer requested by his superiors.
Before the radar, Li, the general manager of the general affairs department of Guangfa Bank, was investigated, while Hou Ming, who was tried yesterday, was closely related to the general affairs department.
It is understood that Guangfa Bank will divest and attract foreign investment at the same time when it starts restructuring in 2005. This model is considered to have created a new pattern of bank restructuring in which the government, investors and old shareholders jointly make up for losses. However, in the process of divestiture, the bank's non-performing assets amounted to 58 billion yuan, many of which had to be executed by Wang. In the disposal of non-performing assets, once supervision is lost, it is easy to use hidden rules to exchange private for public.