On the 29th, Hao Jian, deputy head of the Economic Investigation Corps of Shandong Provincial Public Security Department, said that the case was under the unified organization and command of the Economic Investigation Corps of Shandong Provincial Public Security Department, and public security organs in Qingdao, Zibo, Weifang, Liaocheng and other places respectively filed investigations against Darren Liu and others of Qingdao Qineng Chemical Co., Ltd. who were suspected of illegally absorbing public deposits, and more than 2 people involved in the case were arrested.

It is found that Darren Liu and others have set up branches or entrusted agents in Qingdao, Zibo, Dongying, Weifang, Jining, Tai 'an, Dezhou, Liaocheng and other places in the province since 27 under the platform of Qingdao Qineng Chemical Co., Ltd., Tianjin Xinhui Equity Investment Fund Co., Ltd. and Qingdao Wanjia Petrochemical Co., Ltd., without the approval of relevant departments. With the monthly interest (dividend) of 3%-9% or above as bait, the cumulative amount of public funds absorbed by the society through promotion meetings and oral publicity among acquaintances reached several billion yuan.