Recently, Wu Ying, who was imprisoned for illegal fund-raising, demanded a divorce from her husband Zhou Moumou in prison and demanded an average debt of 597.94 million yuan. Wu Ying also accused Zhou Moumou of committing bigamy. For a moment, it was like a thunder that stirred up waves. Wu Ying's past was also brought up again. So, what is the legendary past of this woman who has been called upon by many in the legal field to spare her life?
Wu Ying was born in Dongyang, Zhejiang in 1981. Because she didn't like studying, she went to work as an apprentice in her aunt's barber shop before graduating from technical school. During this period, she married her husband, and the two of them opened a beauty and beauty salon near her husband. The business was extremely prosperous and she made her first pot of gold.
However, Wu Ying, who has business acumen, was not satisfied with this. In 2006, she borrowed money from various private people and registered the Bense Group under the name Bense by promising to pay high interest to others. , which has many subsidiaries. Wu Ying used these companies to borrow high-interest loans from others for reasons such as investment or capital turnover, promising to repay the original borrowed principal with high interest.
She packaged the image of a well-capitalized group to raise funds. But the fact is that Wu Ying has the final say on everything in the company, and most companies are not actually operating or operating at a loss. However, Wu Ying used false propaganda and other means to make the public think that her group had strong capital, thereby achieving the purpose of raising funds. Of course, there will be voices of doubt. When voices questioned the source of her funds, she claimed that the funds came from futures, real estate speculation and beauty salons. However, when there was a problem with her capital chain, the people who lent money to her panicked. So they kidnapped her and looted tens of thousands of dollars in cash, bank cards, hundreds of millions of dollars in jewelry, and more than a dozen properties from her. Three months after the kidnapping, Wu Ying was criminally detained by the Dongyang Municipal Public Security Bureau for illegally absorbing public deposits.
Wu Ying was sentenced to death by the first instance in December 2009. In January 2012, the second instance upheld the original verdict. However, four months later, on May 21, the final trial of Wu Ying's case was changed to a suspended death sentence, which was suspended for two years. During this period, Wu Ying's case became a topic of discussion among many people, and fierce civil petitions and protests took place around Wu Ying's case. Zhou Xiaoguang, a deputy to the National People's Congress and a female entrepreneur from Yiwu, and Zhang Si, a famous barrister and 80-year-old man, also participated in the discussion of Wu Ying's case. They believed that the reason why Wu Ying embarked on the path of illegal fund-raising was mainly because there were many people at that time. Private enterprises are unable to obtain loans from banks due to personal credit problems. And the discussion of Wu Ying's case gradually separated from the case and became a reflection of the private entrepreneurial class' concerns about their own financial security and a call for the opening of the financial market.
On July 11, 2014, the Zhejiang Provincial Higher People’s Court held a public hearing in the Zhejiang Provincial Women’s Prison in accordance with the law. Ruling: Wu Ying’s suspended sentence on death was commuted to life imprisonment and he was deprived of political rights for life. Since then, the China Banking Regulatory Commission issued the "Notice of the China Banking Regulatory Commission on Issues Concerning Banking Supervision in the China (Shanghai) Pilot Free Trade Zone", proposing to support qualified private capital to establish private banks, financial leasing companies and consumer finance companies in the zone at their own risk. and other financial institutions.
The government's opening of the banking industry is like throwing a lot of stimulants into the market. In the next few months, private enterprises in various places are competing to apply for banks, and private enterprises do not need to borrow money. No longer limited to one or two banks, you have more choices.
Although Wu Ying made an irreparable mistake, she has to admit that she actually made certain contributions to the emergence of private banks. It can be said that the emergence of Wu Ying's case promoted the opening of my country's financial market, ended the institutional discrimination in the capital market, and also ended the countless "Wu Ying" active among the people.