The above-mentioned bills were withheld and discounted for squandering and engaging in high-risk activities such as futures trading, resulting in losses of more than 9 million yuan for many banks.
Ren, born in 1970, was admitted to a famous university in the province in 1986. Since then, he has been engaged in business in the sea, engaged in the sales of plastic raw materials and the processing and sales of plastic products. The business is getting bigger and bigger, and a certain company has opened three chemical plastic processing companies. With the broadening of his horizons, Ren began to be restless and began to look for loopholes in the financial industry.
In the process of doing business, Ren came into contact with the "warehouse protection" business, which is the business that banks provide financial support for enterprises lacking cash.
Generally speaking, the so-called "confirmed warehouse" means that after an enterprise pays a certain margin to a cooperative bank, it issues a bank acceptance bill and the cooperative bank accepts it, and the payee is the upstream producer of the enterprise. Before receiving the bank acceptance bill, the manufacturer begins to deliver the goods to the warehouse of the logistics company or storage company, and after the goods arrive at the warehouse, they are pledged as warehouse receipts. If the financing enterprise cannot repay the bank exposure due, the upstream manufacturer is responsible for repurchasing the pledged goods.
"It is said that this kind of banking business is designed very strictly. Financing enterprises can get higher bank acceptance bills only by paying about 50% margin, and manufacturers can also sell goods quickly. Because banks pledge goods, their funds are safe. " On June 29, Chu Hongquan, deputy head of a brigade of the Economic Investigation Detachment of Jinan Public Security Bureau, said.
Because it is getting more and more difficult to make money, coupled with speculating futures for the principal, Ren began to study the operation process of "protecting positions", and really found out the loopholes and started a big scam like stealing Japan.
2014,65438 10 to July, Ren Mou and the criminal suspect Yan Moumou (female, born in 1977) used three companies, including a chemical company in Tai 'an, which they controlled to fabricate the trade background, and used the forged official seal and legal person seal of a petrochemical company in North China to sign tripartite confirmation with a bank in Jinan and a bank in Tai 'an.
In May of 20 16, the main suspects, Ren Mou and Yan Moumou, were sentenced to life imprisonment and 13 years' imprisonment respectively by the Jinan Intermediate People's Court and the Shandong Higher People's Court.