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Major negligence broke out at the Labor Ministry’s Office of Utilization of Labor Funds, and former Labor Ministry official You Yingwen helped Baojia dispose of Yuanbai’s properties with labor funds.Image: New profile photo of head shell
The Taipei Integrity Prosecutor was investigating the case of the labor fund shares. At the end of last month, the former leader of the investment team of the Office of Labor and Finance, You Leiwen, was arrested. Chief investment officer Qiu Mingqiang and four other people went to a restaurant with a private kitchen with a starting price of 6,000 yuan per person, finally asking Tang Chulie up to 60,000 yuan. Jianlian launched the third wave of search operations on the 10th. Baojia CEO Tang Chulie, Qiu Yuyuan in charge, Qiu Mingqiang, chief investment officer of Fuhua Investment Trust, manager Liu Jianxian, researcher Chen Zhoulun and five others accused of bribery were invited to speak about the case. After a leaked trial, the prosecution believes that the five people involved in the case are important to request the arrest in court.
The prosecution concluded that Baojia Asset Management Co., Ltd., formerly known as “Jianji Assets”, and the former chairman of the board of Zhaofeng Financial Holdings, Cai Youcai, had just been sentenced. When he was involved in the tunnel construction case, Jianji’s main shareholder Lin Chenhai bought the capital from Runtai Yin Yanliang and changed the company name to Baojia. Tang Chulie, the former chairman of Heku Securities, served as CEO. It was actively deployed to enter the financial industry. Tang Chulie and Baojia chief investment officer Qiu Yuyuan and others started from 2019. As of May 2005, he began to select the stock price of the publicly traded company Far East Department Store and also declared to the outside world that he intends to become Yuanbai’s largest shareholder.
The investigation found that Tang Chulie and Qiu Yuyuan used the Baojia institution and the Jiayuan Investment Company to buy tens of thousands of Yuanbai shares at prices ranging from 19 yuan per share, until Baojia and Jiayuan took office in March. this year. With about 12% of Yuanbai shares, Yuanbai’s share price rose smoothly. However, as of July this year, Baojia’s exit from the Yuanbai properties was unsuccessful. Tang Chulie and others approached You Weiwen, who is in charge of the labor fund merchant. He joined chief investment officer Qiu Mingqiang of the Fuhua Investment Trust and manager Liu Jianxian of the labor fund to accept the high-priced banquet in the private kitchen organized by the Baojia Company, which starts with at least 6,000 yuan per person per meal, and negotiated the moment of buying and selling shares.
Jianlian further noted that after you returned to the Ministry of Labor, you asked your subordinates to buy Yuanbai’s shares at a relatively high price, but your subordinates did not follow the order and you called without authorization to ask for the high price of 24.75 yuan per share for the specific securities business. At the same time, Qiu Mingqiang also instructed his fund manager, Liu Jianxian, and others to use the labor fund to enter the market and buy Far Eastern shares at the same price. Both sides joined forces to buy Baojia and Tang Chulie at high prices. Jiayuan Investment Co., Ltd. sold a few hundred Yuanbai shares, and the closing price of Yuanbai was set at 24.75 yuan designated by Tang and Qiu that day, which helped Baojia sell the shares and make a profit. .
In September this year, the Ministry of Labor noticed that You Ningwen was buying and selling shares in the cabinet during his working hours. He demoted the member of the special committee so that he is no longer responsible for the investment fund business of the Ministry of Labor. On November 11 of this year, he registered a sanction and later transferred it to the Ministry of Justice. The department informed the Taipei Prefectural Prosecutor’s Office to lead the investigation, and the entire incident broke out. In late November, the Beijing Municipal People’s Government used You Weiwen to implicate the corruption offenses and crimes of 9.18 million yuan in deposits from unknown sources, and the court was able to prohibit him. On the night of the 10th, the prosecution began the third wave of searches. Five defendants, including Tang Chulie, Qiu Yuyuan, Qiu Mingqiang, Liu Jianxian, and Chen Zhoulun, were interviewed about the case. After an overnight interrogation, it was determined that they were all suspected of being important and the court was asked to arrest them.
The Taipei Integrity Prosecutor was investigating the case of the labor fund shares. At the end of last month, the former leader of the investment team of the Office of Labor and Finance, You Leiwen, was arrested. Investment chief Qiu Mingqiang and four other people went to a restaurant with a private kitchen with a starting price of 6,000 yuan per person, finally asking Tang Chulie for up to 60,000 yuan. Jianlian launched the third wave of search operations on the 10th. Baojia CEO Tang Chulie, Qiu Yuyuan in charge, Qiu Mingqiang, chief investment officer of Fuhua Investment Trust, manager Liu Jianxian, researcher Chen Zhoulun and five others accused of bribery were invited to speak about the case. After a leaked trial, the prosecution believes that the five people involved in the case are important to request the arrest in court.
In September this year, the Ministry of Labor noticed that You Ningwen was buying and selling stocks over the counter during work. He demoted the member of the special committee so that he is no longer responsible for the investment fund business of the Ministry of Labor. He recorded a sanction on November 11 this year and later transferred it to legal matters. The Independent Commission Against Corruption appeared before the Taipei Prefectural Prosecutor’s Office to lead the investigation and the entire incident broke out. In late November, the Beijing Municipal People’s Government obtained permission to arrest corruption and crime offenses and the source of 9.18 million yuan in deposits. On the night of the 10th, the prosecution began the third wave of searches. Five defendants, including Tang Chulie, Qiu Yuyuan, Qiu Mingqiang, Liu Jianxian, and Chen Zhoulun, were interviewed about the case. After an overnight interrogation, it was determined that they were all suspected of being important and the court was asked to arrest them.
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