Li Yaoqing, the former chairman of Guangxi Liuzhou Bank, was investigated and was involved in a 42 billion loan fraud case.

Source: The Paper

Li Yaoqing, the former chairman of Liuzhou Bank who was involved in the sensational "Liuzhou 42 billion loan fraud case", was dismissed.

On May 28, the official website of the Liuzhou Municipal Commission for Discipline Inspection and Supervision in Guangxi showed that Li Yaoqing, the former chairman and party secretary of Guangxi Liuzhou Financial Investment Development Group Co., Ltd., was suspected of serious violations of discipline and law and is currently under supervision by the Liuzhou Municipal Commission for Discipline Inspection. Commission for disciplinary review and supervisory investigation.

Li Yaoqing was investigated

In 2019, he was transferred from the chairman of Liuzhou Financial Investment to the consultant of Liuzhou Financial Investment

Li Yaoqing had served as the chairman of Liuzhou Bank for more than 5 years time. On January 28, 2014, the approval from the former Guangxi Banking Regulatory Bureau showed that Li Yaoqing’s qualifications as director and chairman of Liuzhou Bank were approved. The 2019 annual report of Liuzhou Bank shows that Li Yaoqing will no longer serve as the chairman and director of Liuzhou Bank from May 15, 2019 due to job changes.

The Paper found that information released by the office of Liuzhou Financial Investment Development Group showed that on the morning of May 13, 2019, Liuzhou Financial Investment Development Group held a cadre meeting in the conference room on the 16th floor of Liuzhou Bank. At the meeting, Liu Yong, deputy director of the Organization Department of the Liuzhou Municipal Party Committee and director of the Civil Service Bureau, read out the relevant personnel appointment and dismissal decisions of the Municipal Party Committee and the Municipal Government and made a speech. After research and decision by the Liuzhou Municipal Party Committee and Municipal Government, Li Yaoqing will no longer serve as Party Committee Secretary and Chairman of Guangxi Liuzhou Financial Investment Development Group Co., Ltd., and Party Committee Secretary and Chairman of Liuzhou Bank Co., Ltd., and will be transferred to Guangxi Liuzhou Financial Investment Development Group Co., Ltd. Corporate Consultant.

Liuzhou Bank’s 2018 annual report shows that Li Yaoqing was born in November 1962 and has a bachelor’s degree. According to the "Notice of the Liuzhou Municipal People's Government on the Appointment of Comrades Li Yaoqing and Others" (Liu Zheng Qian Tong Zi [2016] No. 19), Li Yaoqing was appointed as the chairman of Guangxi Liuzhou Financial Investment Development Group Co., Ltd., and Li Yaoqing also served as the chairman of Liuzhou Bank Co., Ltd. Chairman.

He was once involved in the Liuzhou Bank's 42 billion fraudulent loan case.

It is worth mentioning that Li Yaoqing was involved in the sensational "Liuzhou 42 billion fraudulent loan case." According to media reports, on May 10, 2014, Li Yaoqing, then chairman of Liuzhou Bank, was ambushed outside the community gate while walking home. He was slashed three times on his shoulder and back with a 20-centimeter-long kitchen knife. The police arrested 12 suspects one after another, and the Liuzhou City Chengzhong District Court later confirmed that they were Wu Hao and Wu Shizhong, the two sons of Guangxi businessman Wu Dong, who conspired with others to take revenge because their family business loans were blocked.

On November 2, 2018, the much-watched Guangxi Wu Dong family enterprise - Guangxi Zhongmei Tianyuan Financing Guarantee Group Co., Ltd. (hereinafter referred to as Zhongtian USD Group) and the defendant Wu Dong and others The verdict was announced publicly at the Intermediate People's Court of Liuzhou City, Guangxi Zhuang Autonomous Region, on the suspected fraud of more than 42 billion yuan in loans from Liuzhou Bank.

Liuzhou Intermediate People’s Court found after trial that under the instruction of Wu Dong, Wu Zhou and others, 12 defendants including Wu Dong and Zhu Jinhua were responsible for falsifying the financial accounting statements of relevant companies during the loan application process. , audit reports, tax payment certificates, purchase and sale contracts, land ownership certificates, land evaluation reports, certificates of other land rights, etc., applied to banks for loans, bill acceptances, and financial instruments, and obtained 393 transactions totaling more than 42 billion yuan. As of the incident on August 18, 2014, 267 transactions of more than 31 billion yuan had been settled, and 126 transactions of more than 10.9 billion yuan had not been settled, of which 11 transactions of 1.2848 billion yuan were overdue.