Make me your Homepage
    left corner left corner
    China Daily Website

    Businessman jailed for contract fraud

    Updated: 2013-11-27 10:50
    ( Xinhua)

    Businessman jailed for contract fraud

    Yu Jinyong, former president of Gome Group. [File photo/icpress.cn]

    BEIJING - A Chinese real estate developer was sentenced on Tuesday to 11 years in jail for contract fraud, a Beijing court said.

    Yu Jinyong, who was once mired in a series of controversies, over matters including a fake diploma and threats against reporters, was found guilty of making 522,000 yuan ($85,670) in the fraud, according to the verdict from the Haidian District People's Court.

    Yu, who once served as president of the commercial real estate arm of Gome Group, China's largest home appliance retailer, was ordered to pay back all the illegal earnings, it said. The 50-year-old was also fined 100,000 yuan.

    Yu, who claims to be chairman of China Evertime Investment Holdings Group, signed an agreement in 2003 to build an industrial zone for a county in eastern Shandong Province even though he lacked credentials and funds, the court found.

    Before the zone was ready for bidding for construction services with government approvals, he launched the bidding process and received 522,000 yuan in performance security and other fees from the Beijing-based Sinosoft Co., according to the court.

    Yu refused to pay back the illegal earnings after Sinosoft Co. found the irregularities.

    He claimed the China Evertime Investment Holdings Group had a registered capital of 1 billion Hong Kong dollars and total assets of 180 billion yuan. But the company only had a registered capital of 10,000 Hong Kong dollars before it was closed in August 2011.

    In August this year, Yu, who has 1.14 million followers on the popular Twitter-equivalent Sina Weibo, exposed online a manipulated land sale in Tianjin involving a district government and a real estate firm in Beijing.

    8.03K
     
    ...
    Hot Topics
    ...
    ...
    久久水蜜桃亚洲av无码精品麻豆| 日韩乱码人妻无码系列中文字幕 | 久久中文字幕无码专区| 久久亚洲2019中文字幕| 国产成人无码精品久久久久免费| 线中文在线资源 官网| 欧美巨大xxxx做受中文字幕| 人妻无码久久一区二区三区免费| 无码av人妻一区二区三区四区| 亚洲.欧美.中文字幕在线观看| 国产成人亚洲综合无码精品 | avtt亚洲一区中文字幕| 播放亚洲男人永久无码天堂| 久久精品无码一区二区WWW| 国产中文字幕在线| 大地资源中文在线观看免费版| 刺激无码在线观看精品视频| 亚洲AV无码一区东京热久久| 无码人妻丝袜在线视频| 久久久久久综合一区中文字幕| 亚洲中文字幕无码爆乳av中文 | 国产精品午夜福利在线无码| 无码人妻精品中文字幕| 中文字幕无码无码专区| 四虎影视无码永久免费| 精品久久久久中文字| 7777久久亚洲中文字幕| 波多野结衣中文字幕免费视频 | 中文字幕日本精品一区二区三区| 99久久无色码中文字幕| 中文精品无码中文字幕无码专区| 中文字幕日韩在线| 天堂在线资源中文在线8| 中文无码喷潮在线播放| 亚洲av无码不卡私人影院| 无码免费又爽又高潮喷水的视频| 国产精品无码免费专区午夜| 人妻少妇看A偷人无码精品视频| 97无码免费人妻超级碰碰夜夜| 18禁黄无码高潮喷水乱伦| 国产精品亚洲αv天堂无码|