A few days ago, Fang Hua, former director of the Bureau of Land and Resources of Liupanshui City, Guizhou Province, was sentenced to 14 years in the second instance for committing the crime of illegally absorbing public deposits and accepting bribes.
Strangely, in order to buy shares for his wife Yan Yan, several people illegally absorbed more than 654.38 billion yuan of private capital on the grounds of doing projects and starting companies, and nearly 90 million yuan has not been paid back so far.
As for his wife, Yan Yan, she has been sentenced to nine years' imprisonment at first instance for illegally absorbing public deposits. She confessed that she invested more than 45 million yuan in the stock market and lost more than 40 million.
Self-recruitment has taken bribes of 2 million, and it is now found that it is self-surrender.
Fang Hua, 1965, a native of Liuzhi, Guizhou. First, I worked as a secretary in Liuzhi Special Zone Adult Office for seven years, and was promoted from 1992 to deputy director of the SAR Government Office.
In 2004, he served as Deputy Secretary-General of Liupanshui Municipal Committee and Director of Municipal Bureau of Letters and Calls. 10 years later, he served as party secretary and director of the Bureau of Land and Resources. 20 16 was expelled from the party in February.
According to the official report, in addition to being suspected of accepting bribes, this person also used public funds to organize high-consumption entertainment activities, used public funds to buy gifts, cigarettes and high-end drinks, and illegally distributed allowances, instructing staff around him to make profits in violation of regulations.
The second-instance judgmentNo. 17 made by the Higher People's Court of Guizhou Province on February 22, 20 17 shows that Fang Hua took bribes totaling 2 million yuan. Fact 6. From May, 20 14 to September, 20 15, he took advantage of his position to collect money on matters such as land replacement and approval of independent mining rights.
For example, 20 14, 10, in order to get a bank mortgage loan smoothly, he handled the land mortgage certificate for Wang, the boss of a local company. Later, the other party transferred 500,000 yuan to express their gratitude. In order to avoid the investigation, Fanghua also issued a "debit note".
Under similar circumstances, a local company obtained the land consolidation business, and Fanghua provided them with help to obtain the initial investment of the project. 2065 438+05 09 10 Businessman Huang gave Fanghua 500,000 yuan at the gate of the Affiliated Hospital of Guiyang Medical College.
At the first instance of this case, Liupanshui Intermediate People's Court found him guilty of accepting bribes and sentenced him to 7 years in prison. On appeal, he and his defender thought that the sentence was too heavy. In this regard, the Guizhou High Court adopted it.
It turned out that this person was under investigation for allegedly illegally absorbing public deposits and other issues, and truthfully confessed the criminal facts of accepting bribes from others, which the judicial organs have not yet mastered. According to the theory of surrender, the punishment can be lightened or mitigated according to law. In the end, the Guizhou High Court changed the sentence according to law: he was sentenced to six years in prison for accepting bribes.
It is also based on this that Fang Hua's sentence was 15 years in the first trial and 14 years in the second trial.
The borrowing hole of nearly 90 million yuan has not been plugged.
It must be pointed out that bribery is only one of Fang Hua's crimes, and his more serious problem lies in illegally absorbing public deposits.
2011/Fang Hua's wife, Yan Yan, was in urgent need of funds for stock trading and began to borrow money from others. The couple discussed with two other people who borrowed money from the private sector and offered it to Yan Yan for stock trading.
In the following five years, Fang Hua and others illegally absorbed public funds totaling RMB 128 1598800 on the grounds that Yan Yan needed funds to do municipal engineering in Liupanshui and start a company in Shanghai, and the balance has not been paid back so far.
Among them, Fanghua illegally absorbed112,257,400 yuan and has repaid 27,223,500 yuan. All the illegally absorbed funds will be transferred to Yan's personal account, and then the monthly interest will be transferred to Fang Hua and others to pay interest to creditors, and the rest will be used to invest in stocks and futures.
8 1 case of non-absorption deposits identified by the court, of which Fang Hua was directly involved in 39 cases. The highest amount involved is 2 1 10,000 yuan, and the least is only 50,000 yuan. The shortest one was only borrowed for 3 months, but the principal of 2.775 million yuan paid the interest of 4.726438+0.000 million yuan.
Yan Yan confessed that she invested more than 45 million yuan in the stock market and lost more than 40 million yuan, losing 90%. She also invested in the futures market, with an investment of more than 5 million yuan and a loss of more than 654.38+0 million.
Regarding the behavior of borrowing money for stock trading, she said that in 2009, she and Fang Hua were trading stocks when they got married. When he was "short of money", he asked Fang Hua to borrow money from the people for stock trading, and Fang Hua agreed. At first, only Fang Hua and Yan Yan borrowed money. "Put all the borrowed money into my account and let me manage it. Later, I couldn't afford the interest on the previous loan, so I found two other people to borrow money from the private sector. "
The other two borrowed money through their own relationships, and all the borrowed money was put into her account at her disposal, and then paid to them at more than three points of interest.
"I use these funds for stock trading, but people have different understandings of stock trading. If you tell them that they are trading stocks, they will definitely not borrow them, so tell them that they are investing in infrastructure construction. " Yan Yan mentioned that her husband Fang Hua had taken the initiative to work for the two men, told them to raise money boldly, and said that they would come to the door for inspection.
According to Yan Yan's confession, during the period from 20 10 to 20 14, she paid an average of about10.5 million yuan in interest every month, totaling about 60 million yuan. 2065438+March 2005, Yan Yan's capital chain was broken, and she could no longer pay interest.
2017165438+10 was sentenced to nine years' imprisonment and fined 300,000 yuan by Zhongshan district court of Liupanshui city.