On July 17, 26, Zhu Junyi, director of the Shanghai Municipal Bureau of Labor and Social Security, was quarantined and examined for alleged illegal use of the social security fund of 3.2 billion yuan, and the case of Shanghai social security fund involving 1 billion yuan also surfaced. It is said that the central government has sent an investigation team of more than 1 people to Shanghai in order to thoroughly investigate the case. The inside story of Shanghai Social Security Bureau's illegal operation over the years has been revealed.

In March p>22, when Zhang Rongkun, a young Suzhou man in his thirties, won the right to operate the Shanghai section of the Shanghai-Hangzhou Expressway for 3 years for 3.2 billion yuan, the "Fuxi Investment" he controlled suddenly became a mysterious private enterprise in Shanghai. In the following two or three years, Zhang Rongkun successively invested heavily in expressways. By June last year, the mileage of highways managed by Fuxi Investment had reached 2 kilometers, with a total investment of more than 1 billion yuan, which surprised and envied peers with deep pockets and eye-catching. In 24, Fuxi Investment of Zhang Rongkun participated in the restructuring of Shanghai Electric, and finally invested 96 million yuan to hold 8.15% of the shares and became the second largest shareholder, which surprised many people in the investment field. However, with Zhu Junyi, the former director of the Shanghai Labor and Social Security Bureau, being investigated for illegally borrowing social security funds on July 17th, people suddenly saw the lever that incited the rapid rise of Zhang Rongkun-social security funds. A few days ago, the Enterprise Annuity Development Center under the Shanghai Social Security Bureau took Fuxi Investment and its shareholders' boiling point investment to court, demanding that the latter two return the borrowed funds in advance, so as to reveal the source of funds for Zhang Rongkun and Fuxi Investment's massive acquisition of expressways in that year. "Fuxi" borrowed huge sums of money so easily that people can't help but doubt that it is a bridge and tool for illegal investment of social security funds in Shanghai. According to the indictment submitted by the Shanghai Enterprise Annuity Development Center, the Annuity Development Center has successively lent 3.45 billion yuan to Fuxi Investment and its shareholders' boiling point investment through entrusted capital operation to purchase assets such as highways. According to relevant sources of the Welfare Insurance Department of Shanghai Social Security Bureau, by the end of 25, the funds managed by Shanghai Annuity Development Center were over 11 billion yuan, accounting for 1.6% of the total national annuities. In other words, one third of Shanghai's supplementary endowment insurance funds are lent to Zhang Rongkun for use.

Young Zhang Rongkun was able to borrow a lot of these annuities with strict use regulations, only relying on power and money transactions. According to relevant sources, both Zhu Junyi, director of Shanghai Labor and Social Security Bureau, and Wang Chengming and Zhang of Shanghai Electric were "double-regulated", which were related to the illegal lending of social security funds to Fuxi Investment, and Zhu Junyi, who facilitated Fuxi Investment, received huge benefits in the process. Zhu Junyi has been in charge of the Shanghai Social Security Fund for more than 1 years, and his business is skilled. When talking about the functions of the social security fund, he has a clear management style. "This technical bureaucrat can't see the misdeeds of life erosion and graft." However, according to the preliminary investigation in CPC Central Commission for Discipline Inspection, Zhu Junyi's degree of corruption is staggering. Among them, when Zhu Junyi went to Hong Kong to "play" a second-and third-rate movie star, he spent more than 1, Hong Kong dollars. It is reported that the relevant personnel went to Zhujia to investigate and picked up a passbook at random, the number of which was more than one million yuan. According to sources, Zhu Junyi took advantage of the convenience of taking charge of the social security fund to open financing channels for Zhang Rongkun, a private entrepreneur, and Zhang Rongkun reciprocated by offering his wife Zhu Junyi an annual salary of several hundred thousand yuan. The major social security corruption case in Shanghai exposed the loopholes in the management of public funds, which also attracted the attention of relevant parties. At the symposium on the discipline inspection and supervision of the national labor security system held not long ago, the Ministry of Labor and Social Security and the Ministry of Supervision indicated that they would establish a special inspection system and form a joint inspection team every year to conduct special inspections on the collection, payment, management and distribution of social security funds in some provinces and cities, and directly conduct spot checks on cities and counties.

The person involved

Zhang Rongkun, the former chairman of Shanghai Fuxi Investment Holding Co., Ltd., is the central figure in the Shanghai social security case. On December 27, 27, the trial was held in the Intermediate People's Court of Songyuan City, Jilin Province. He was suspected of bribery, manipulation of the securities market, fraudulent issuance of bonds and false reporting of registered capital. In June 28, the second instance sentenced him to 19 years in prison and fined about 1.6 billion yuan.

Zhu Junyi, former director of Shanghai Labor and Social Security Bureau, is a key figure in Shanghai social security case. On September 23, 27, Changchun Intermediate People's Court found him guilty of three counts: accepting bribes of about 1.6 million yuan, misappropriating public funds of 1 billion yuan and abusing his power. He was sentenced to 18 years in prison for several crimes.

Lu Qiwei, former director of social security fund supervision department of Shanghai Labor and Social Security Bureau, was found to have accepted bribes of about 1 million yuan by Changchun Intermediate People's Court on September 23, 27 and sentenced to eight years' imprisonment.

Wu Minglie, the former chairman of New Huangpu Group, was involved in the case of Huawen's acquisition of New Huangpu. On September 23, 27, Changchun Intermediate People's Court found that he had taken bribes of 1 million yuan and sentenced him to life imprisonment (Jilin High Court upheld the original judgment in the second instance). The briber Wang Zheng.

Wang Zheng, the former executive vice president of China Huawen Investment Holding Co., Ltd., was involved in the case of Huawen's acquisition of New Huangpu. On September 23rd, 27, he was found by Changchun Intermediate People's Court to have paid a bribe of 1 million yuan to Wu Minglie. Wang Zheng was sentenced to three years' imprisonment as the person directly responsible for bribery in the unit.

Korea Zhang, former vice president of Shanghai Electric (Group) Co., Ltd., was involved in the Shanghai Electric case. On September 23, 27, Changchun Intermediate People's Court found that he had accepted bribes of more than 6 million yuan and sentenced him to life imprisonment. Zhang Rongkun, the briber.

Li songjian, former chairman of Shanghai mingyuan group and former non-executive director of Shanghai electric, was involved in the Shanghai electric case. On September 23, 27, Changchun Intermediate People's Court found that in 24, he embezzled 5 million yuan from Shanghai Electric Human Resources Co., Ltd., a subsidiary of Shanghai Electric (Group) Corporation, and bribed 7, yuan, and was sentenced to one and a half years in prison.

Wang Chengming, former chairman of Shanghai Electric, was involved in the Shanghai Electric case. On December 2, 27, he was found by Changchun Intermediate People's Court to have embezzled 3 million yuan with Yan Jinbao and Lu Tianming, and was sentenced to death with a suspended sentence; He received a bribe of 21, yuan and was sentenced to 1 years in prison. Combined punishment for two crimes with a reprieve (Jilin High Court upheld the original judgment in the second instance). Zhang Rongkun, the briber.

Sun Luyi, former Deputy Secretary-General of Shanghai Municipal Committee and Director of General Office of Shanghai Municipal Committee, played a matchmaking role in Shanghai social security case. On September 25, 27, Changchun Intermediate People's Court found that he had accepted bribes of more than 5 million yuan and sentenced him to 15 years in prison. Zhang Rongkun, the main briber.

Qin Yu, the former head of Baoshan District, Shanghai, played a matchmaking role in the social security case in Shanghai. On September 25, 27, Changchun Intermediate People's Court found that he had accepted bribes of more than 6.82 million yuan, sentenced him to life imprisonment and confiscated all his property (Jilin High Court upheld the original judgment in the second instance). Zhang Rongkun, the main briber.

Wang Guoxiong, the former president of Shanghai Industrial Investment Corporation, was found guilty of accepting bribes of 5 million yuan by Shanghai No.1 Intermediate People's Court on September 26th, 27, and was sentenced to life imprisonment with confiscation of personal property. Zhang Rongkun, the briber.

Ling Baoheng, formerly sasac director, Shanghai, was found guilty of taking bribes of 5, yuan by Shanghai No.1 Intermediate People's Court on September 25th, 27, and was sentenced to eight years' imprisonment. Bribe Korea Zhang.

Wu Hongmei, former deputy director of Shanghai State-owned Assets Supervision and Administration Commission, was convicted of accepting bribes of 1.96 million yuan by Shanghai No.1 Intermediate People's Court on September 25th, 27, and was sentenced to 11 years' imprisonment. Zhang Rongkun, the briber.

Han Fanghe, former general manager of Huaan Fund, was involved in the case of manipulating Haixin's share price. On September 26th, 27, he was found by Shanghai No.1 Intermediate People's Court to have accepted more than 4 million yuan in bribes and was sentenced to 18 years in prison. Zhang Rongkun, the briber.

Yu Zhifei, former deputy general manager of Shanghai International Circuit Co., Ltd., was found guilty of embezzlement of 1.5 million yuan by Wuhu Intermediate People's Court of Anhui Province on January 3, 27, sentenced to four years' imprisonment and fined 3, yuan.

Yin Guoyuan, former deputy director of Shanghai Real Estate Bureau, was suspected of illegally granting land for Chen Liangjun. In August 28, he was sentenced to death with a suspended sentence.

Chen Chaoxian, former mayor of Changning District, Shanghai, had corruption problems during his tenure as executive deputy head of Huangpu District. In July 28, he was sentenced to 13 years in prison.

Shen zhengjuan was originally from sasac director, Huangpu district, Shanghai. On the last day of 28, sasac director, Huangpu District, Shanghai, Shen Zhengjuan fell from her home and died for unknown reasons. It is said that after Chen Liangyu's accident, a group of leading cadres in Shanghai were implicated, and the task force once invited Shen Zhengjuan to have coffee.

Wang Weigong, the former deputy general manager of Shanghai Shenneng (Group) Co., Ltd., once worked as a senior leadership secretary in Shanghai, arranged a bridge for Zhang Rongkun and accepted a bribe of 9.5 million yuan from Zhang Rongkun. In April 29, the death sentence was suspended at first instance.

Further reading: How to buy insurance, which is better, and teach you to avoid these "pits" of insurance.