9 brought to trial for financial scam
Print Edition
Nine people appeared in court yesterday for allegedly swindling 1,000 people of 530 million yuan (US$86 million) with promises of high profits, the Shanghai No.1 Intermediate People’s Court said.
Prosecutors said the chief culprit, Lu Lixin, 47, chairman of an equity investment and management company, lured investors to invest in his three financial projects and promised them monthly interests between 3 to 6 percent. Although the victims got part of their investments back as returns, their total loss amounted to 300 million yuan. Lu used more than 30 million yuan he raised in his personal futures exchange, and spent another 10 million yuan in shopping. Lu admitted his illegal dealings during the the trial. He said he set up three platforms in Shanghai to raise money. The court has yet to reach a verdict.
- 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.
