Shanghai man gets 19 years for defrauding Japanese firms
A Shanghai resident who was convicted of multiple frauds involving two Japanese companies was sentenced to 19 years in prison yesterday in Yangpu District People's Court.
The 43-year-old convict, surnamed Hu, must also return his illegal gains and pay a fine of 200,000 yuan (US$31,750).
Prosecutors said Hu was the boss of the Shanghai Tengjue Trade Co. In June 2009, Hu helped a Japanese businessman register a catering company in Shanghai and got a business license for the company at the Shanghai Industrial and Commerce Administration.
On July 1, 2009, the Japanese businessman transferred US$180,000 registration capital funds into a foreign exchange bank account that Hu opened for the catering company at a local bank. When the money was poured in, Hu exchanged nearly US$176,000 into 1.2 million yuan and secretly transferred the money to Shanghai Gangfei Material Co.
Prosecutors said Hu forged a purchase contract to complete the transaction, under which he claimed the catering company paid Gangfei 1.2 million yuan to buy kitchen equipment. However, Hu failed to cash out the money from Gangfei and transferred the money back to the catering company's account by check, the court heard.
Hu then stamped the check with official seals of the Japanese company and transferred the money to another company, after which he finally made his way to get 1.2 million yuan and committed receipt fraud, prosecutors said.
Evidence showed Hu used 1 million yuan to pay gambling debts and kept the rest.
In a separate case, Hu allegedly defrauded another Japanese businessman out of more than 600,000 yuan and 10.98 million yen (US$136,307) in Shanghai.
The 43-year-old convict, surnamed Hu, must also return his illegal gains and pay a fine of 200,000 yuan (US$31,750).
Prosecutors said Hu was the boss of the Shanghai Tengjue Trade Co. In June 2009, Hu helped a Japanese businessman register a catering company in Shanghai and got a business license for the company at the Shanghai Industrial and Commerce Administration.
On July 1, 2009, the Japanese businessman transferred US$180,000 registration capital funds into a foreign exchange bank account that Hu opened for the catering company at a local bank. When the money was poured in, Hu exchanged nearly US$176,000 into 1.2 million yuan and secretly transferred the money to Shanghai Gangfei Material Co.
Prosecutors said Hu forged a purchase contract to complete the transaction, under which he claimed the catering company paid Gangfei 1.2 million yuan to buy kitchen equipment. However, Hu failed to cash out the money from Gangfei and transferred the money back to the catering company's account by check, the court heard.
Hu then stamped the check with official seals of the Japanese company and transferred the money to another company, after which he finally made his way to get 1.2 million yuan and committed receipt fraud, prosecutors said.
Evidence showed Hu used 1 million yuan to pay gambling debts and kept the rest.
In a separate case, Hu allegedly defrauded another Japanese businessman out of more than 600,000 yuan and 10.98 million yen (US$136,307) in Shanghai.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$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.