Fundraising fraud trial
Source: Shanghai Daily |
00:05 UTC+8 July 18, 2019
|
Print Edition
Print Edition
Hu Liyong, head of financial company Juru Group, went on trial at Shanghai No. 1 Intermediate People鈥檚 Court yesterday charged with fundraising fraud. Hu is accused of raising about 4 billion yuan (US$581 million) from more 29,000 investors through the company between 2015 and April 2018, and failing to pay principal of over 1 billion yuan to investors, the court said. The company is alleged to have attracted investors by promising 7 to 22 percent annual interest on financial projects which were falsely advertised or on false lending contracts. The case continues.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
