According to information from Tianyancha, the defendant Dr. Luo was guilty of illegally absorbing public deposits and was sentenced to nine years in prison and fined RMB 500,000.
Dr. Luo, male, from Liuyang City, Hunan Province, Han nationality, high school education, legal representative of Hunan Shashi Construction Engineering Group Co., Ltd. He was arrested on November 29, 2014, on suspicion of illegally absorbing public deposits. He was criminally detained the next day and arrested on January 7, 2015.