Mr. Quan, please take care

Chapter 553 Unhappy with retribution, sky-high fines (second update)

Let it go, it's impossible.

Not to mention the investment department, the entire Mingda will pay the price.

April NO.12, a circular from the China Securities Regulatory Commission caused quite a stir in the business community of Ningcheng——

Mingda Group is suspected of using multiple accounts and using leveraged funds to manipulate a large number of new stocks, and the accumulative profit during the manipulation period is 8 million yuan.The case has now gone through the investigation and trial and prior notice of administrative penalties. The China Securities Regulatory Commission will impose a maximum penalty of one fine and five fines on Mingda Group, with a total fine of about 57 billion yuan.

It is the largest fine ever issued by the SFC.

The specific evidence has also been publicized in detail. To sum it up, the investment company under Mingda Group has used hundreds of stock accounts, hundreds of computers, and more than a dozen traders to trade at the same time since the year before last. , Linsheng Shares, and Huaijiang Bank have three new shares, raising funds of 10 billion yuan and making a profit of [-] million yuan.

During this period, funds poured in frantically, the traces of hype were obvious, the stock price nearly doubled, and the market rose slightly during the same period, and the trend seriously deviated from the market trend.

After earning a fortune, the investment company began to operate a plan to get out.

First, the capital was reduced, and the registered capital was drastically reduced from 4000 million to [-] million. Then the company's largest shareholder transferred its shares, resigned from the company's legal person and general manager positions, and changed the contact person for industrial and commercial registration.

So far, all relevant personnel of Mingda have withdrawn, and also took away [-] million cash proceeds.

The China Securities Regulatory Commission had been eyeing this investment company two years ago, and tracked down the clues to find Mingda Group, but the Shen family was too cunning and impeccable. They followed for a whole year, but failed to find any evidence of the transaction.

But just a week ago, an anonymous letter made things turn around.

There is not a word of disclosure in the letter, only the account opening information of the six accounts, and past transaction records.

Coincidentally, these six accounts happened to participate in the hype of the three new stocks of Hegang Consulting Bank, Linsheng Shares, and Huaijiang Bank, and the six accounts belonged to Mingda Group!
The evidence is solid, and the China Securities Regulatory Commission quickly set up an investigation team to verify the authenticity of the content stated in the anonymous letter in the fastest possible time, and the final result is all true!
It is said that when Shen Chunjiang received the exorbitant fine, he fainted immediately.

It was Shen Zongming who came forward to hold an emergency board meeting to discuss countermeasures.

But the ticket has been issued, the notification has been issued, and the attitude of the China Securities Regulatory Commission is so tough, what else can be done?
"Look for Shen Yu! Let her ask the sixth master! Quan Hanting has contacts in Jingping, and he will definitely be able to help." This is the first thing Shen Chunjiang said after waking up in the hospital bed, recalling what happened. sentence.

At that moment, his expression seemed to be grabbing a life-saving straw, and he wanted to hold it in his hand desperately.

"Mr. Shen, did you forget? Shen Yu has already been taken away by the police, saying that he is cooperating with the investigation..." The secretary stood by and dutifully reminded him.

Shen Chunjiang was stunned for a moment.

That's right, Shen Yu was taken away for investigation a long time ago, and he didn't intervene at that time, but now he is trapped in a cocoon?
What a great irony!
"Go, let the group's lawyer team send the best and most outstanding lawyers to release her on bail!"

"Yes."

The secretary took orders.

In the afternoon, when I returned to the hospital, my expression was not too optimistic.

Shen Chunjiang: "Is the bail successful? Where is she? Let her come to see me, immediately, immediately!"

"Sorry Mr. Shen, the police said that Shen Yu has been transferred to other agencies for further investigation."

"What agency? Where did it go?"

"I asked, but the police claimed that it was confidential and could not be disclosed."

"Idiot! You believed him when he said he couldn't disclose it? Didn't you think of other ways to find out?"

"I tried everything, but the other party was very tough and didn't appreciate it."

Shen Chunjiang's face turned green with anger.

He was already ill, and now it was even worse. A darkness struck before his eyes, and he almost fainted again.

"Mr. Shen, are you okay? The doctor—"

At the same time, the old man was also in anxiety, and he didn't even have time to go to the hospital to see Shen Chunjiang.

First, he put on an old face and sincerely apologized, then endured the complaints and sarcasms from other directors, and finally made a low-key assurance that this fine will never affect the group's capital chain.

By the time all this is done, I am exhausted.

After all, getting older is not as good as before.

When Shen Qian heard the news, he rushed back to Mingda immediately.

"Grandpa, are you okay?"

"It's okay... what do you think?"

Shen Qian pondered for a moment: "The China Securities Regulatory Commission is investigating us. We have known this for a long time, so after getting out of the investment company, we have been very careful, and we are sure that we have not left any clues, but why did the other party suddenly find evidence and act so quickly?" A fine was issued?"

Shen Zongming pondered for a moment, his old eyes flashed sharply, "Someone deliberately played tricks, trying to trick Mingda!"

"That's right." Shen Qian's eyes were dark and his expression was cold, "I got some news, do you want to hear it?"

"Say!"

"An anonymous letter was delivered over there."

"What did you write?"

"There is nothing, only a few account opening records and historical transaction information."

The old eyes narrowed slightly: "Is it the account where we operate those four stocks?"

Shen Qian nodded.

"No wonder!"

　Mingda was fined with reference to the actual case of Beibadao Group, which happened in March today and is the largest fine ever issued by the China Securities Regulatory Commission.

　　
　
(End of this chapter)