Yu Youchang has been detained by Yiwu police
It is understood that when the first phase of the Yiwu project was developed, China and Austria borrowed 108 million yuan from banks; Zheshang Bank Yiwu Branch provided a loan of 200 million yuan. The second phase of the project received 17 million yuan in sales proceeds at the launch of the project, and a large sum of money remains unaccounted for. According to the report of Zheshang Bank Yiwu Branch, Yu Youchang privately engraved the official seal of Zhejiang Hongfa Construction Co., Ltd., Yu Youchang privately engraved the official seal of Zhejiang Hongfa Construction Co., Ltd. and the private seal of Wu Xiaohua, the legal representative of Zhongao Yishu Construction Unit, at a certain place in Jinhua The bank opened an account privately and transferred the special loan funds of Zheshang Bank to the accounts of affiliated companies actually controlled by it to hide them. The funds actually used for the construction of Zhongao Yishu were only 5 million yuan, which directly led to the break of the project capital chain. Suspected of loan fraud and job embezzlement.
Yu Youchang once said that of the 200 million yuan loan from Zheshang Bank, 50 million yuan was used for the development of a certain project in Hunan. Zheshang Bank knew this at the time of the loan. The remaining 150 million yuan, in addition to repaying bank interest and other expenses, and paying project construction costs, was mainly used for loan sharking, but Yu did not provide a list of banks that loaned loan sharks.
Wu Xiaohua, chairman of Hongfa Company, emphasized that Yu Minhong's statement that "the capital chain is broken and the project is unfinished" is untenable. Yu Minhong has no sincerity to build the houses that have been suspended in Zhongao Yishan Villa. He calculated an account for reporters: Yu Youchang paid 100 million yuan for the Sino-Australian Yishan Villa project when he acquired the land, 30 million yuan for the first phase of the project, and more than 60 million yuan for the second phase of the project. It had been completed when the work was stopped. The project amount of 35 million yuan can be completed with only more than 30 million yuan of follow-up funds. He believed that while Yu was engaging in virtual loan sharking, he actually concealed the loan funds. In addition to borrowing from social enterprises, the company also borrowed 380 million yuan from many banks. Together with the early sales revenue of Zhongao-Yishan Villa, it is enough to cover the subsequent second-phase construction. This is a large capital flow and requires Relevant departments check whether it has been misappropriated, transferred and hidden.
Public security in Jin and Yi places opened a case for investigation
Yu Youchang, chairman of Zhongao Company, previously told the outside world that he had borrowed 50 million yuan in loan sharks with the capital of his foreign trade business. The interest was eventually rolled over to 110 million yuan, and Zhongao Company used 165 million yuan of real estate as collateral. The Wucheng District Court sealed the second phase of the Zhongao School project, causing the building to stop construction.
The reporter found the creditor Lao Qian. The other party clearly told reporters that she had no usury debt relationship with the company. According to reports, she had financial dealings with Yu Youchang from 2008 to 2012. According to the agreement between the two parties, Yu Youchang provided property guarantee and borrowed money together with the help of Laoqian's foreign trade platform. The loan agreement between the two parties stipulated that the interest expenses would be funded by each party. use. After the loan expired, Yu could not pay, and Lao Qian, as the lender, could only repay. On October 31, 2012, Yu Youchang issued an IOU of 1.194 million yuan to Lao Qian and his wife. Seeing that the debt was still being paid, Yu Youchang proposed to "buy a house to clear the debt." The old Qian couple had no choice but to convert the company's loan into a private debt and "bought" 87 villas in the first phase of Zhong'ao-Yishu developed by Yu. However, after signing the house purchase agreement and completing the notice registration in September 2012, Yu Youchang refused to hand over the house on time. Instead, he refused to go through the real estate transfer procedures on the pretext that these properties were involved in litigation with "Anshan Hongzhi Trading Company" and other companies.
In October 2014, the Wucheng District Court ruled that the house purchase contract was established, and Zhongao Company delivered 87 villas in the first phase of Yishu, and issued a unified invoice for real estate. More than 100 million yuan.
Lao Qian presented to reporters 9 lawsuit materials that have been dismissed by the Jinhua City and Wucheng District Courts since last year. On February 4, the Criminal Investigation Brigade of the Jiangnan Branch of the Jinhua Municipal Public Security Bureau opened a case against Yu Youchang on suspicion of "assisting destruction and perjury" and believed that "Yu Youchang has criminal facts and needs to be held criminally responsible" for further investigation.
Informed sources told reporters that as early as 2010, Yu Youchang "pledged" the equity holding company through bank loan funds in Changde, Hunan, took control of the company's seal, and devoured the property of the loan company. The local 12th Provincial People's Congress jointly submitted the "Request for Instructions on Requesting the Public Security Bureau to Investigate and Deal with Yu's Economic Crimes of Defrauding Changde No. 4 Intermediate People's Court in accordance with the law by using his identity as a Zhejiang businessman as a cover", requesting that Yu Youchang be investigated and dealt with the criminal facts of Yu Youchang's suspicion of loan sharking at high interest rates. The person in charge of a real estate group in the city told reporters that when Yu Youchang had financial transactions with him, the company also provided guarantee for Yu Youchang. At that time, Yu Youchang vowed that no money owed to anyone would affect his debt, but in fact Yu Youchang's financial transactions were still a mystery.
Looking forward to the truth coming out
Since the project was suspended in July last year, in order to prevent the project from becoming an unfinished building, the relevant departments of Wucheng District have attached great importance to it, coordinated with all parties, and required all parties to do their best. Resolve corporate crises and safeguard the interests of all parties. The Wucheng District Government summoned Yiwu Branch of Zheshang Bank, the loan bank for the project, and Zhejiang Hongfa Construction Co., Ltd., the construction company, to deal with the aftermath. On August 1, 2014, when Huaao Company, Jinhua Chengxing Construction Company and other three parties reached an "Entrusted Management Agreement" Agree: Chengxing Company will manage the Hua'aoyi Villa project free of charge until the project development and construction is completed. Zheshang Bank and Hongfa Company are willing to continue to support and work together to complete the project development and construction.
However, after signing the custody agreement, Sino-Australia Real Estate went back on its word on the aftermath of the project and failed to fulfill the requirements of the agreement. On October 8, 2014, the Wucheng District Government clearly informed all parties in the form of a copy of the notice: As the responsible entity, Sino-Australia Real Estate should earnestly assume the responsibility of revitalizing existing assets, do a good job in asset preservation, and safeguard the legitimate rights and interests of creditors. The district government will coordinate with the judicial authorities to complete the registration of home buyers with legal permission, and particularly emphasizes the need to resolutely crack down on those who disrupt the normal operation of the project or malicious or false lawsuits.
This newspaper's report on "When will construction of the second phase of Zhongao Yishu begin?" also attracted the attention of the Wucheng District Government. Yesterday, Gu Xiaodong, deputy director of the Wucheng New City District Administrative Committee, told reporters that the government attaches great importance to the aftermath of unfinished buildings in the second phase of the Sino-Australia-Yishanzhuang project, and has set up a leading group to "ensure that there are no unfinished buildings" and "Ensuring the rights and interests of home-buying households and migrant workers" will be the two-point effort to solve the problem. solve. "The 1.8 million yuan in wages owed to construction workers was paid a year ago. After the second phase of Sino-Australian Yushu was sealed by the court, we also considered coordinating the debtor to deal with the renewal issue, but now everything has to go through legal procedures. For second-phase home buyers For now, there are new difficulties in getting the record filed, and there are also many unknowns. Once the law enforcement agencies let the truth come to light, the government will fully cooperate and coordinate the renewal of the project. "
The above are relevant news reports.