Chi Wanming was arrested

At the first creditors' meeting of the bankruptcy of Zhangjiagang Qianjiang Industrial Co., Ltd. (a subsidiary of Xingbao) on March 28, 20 12, the reporter learned that Chi Wanming had been arrested in Zhejiang on suspicion of "illegally absorbing public deposits".

"Chi Wanming's enterprises, such as Yancheng Sheyang Port, have no assets and are all stones, and the development rights have also been taken back by the Sheyang government. You (the creditor) should prepare for the worst. However, the court will still actively check the whereabouts of assets to minimize the loss of creditor's rights, "a court staff member in Zhangjiagang said at the creditors' meeting that day. "We went to Zhejiang to communicate many times, trying to find out Chi Wanming's creditor's rights and assets. The information currently available is that the statistical creditor's rights of Xingbao Group reached 4.9 billion yuan. " The person said at the meeting that the total liabilities of Xingbao Group are about 4.9 billion yuan, while the assets add up to less than 654.38 billion yuan. "At present, some assets have been transferred overseas or used for bribery; Some of them have paid the interest on private loans, which are seriously insolvent.

The confusion of civil creditor's rights registration is only the gray corner of Xingbao's fund-raising case. According to the preliminary amount of bankruptcy creditor's rights of Zhangjiagang Qianjiang Industrial Co., Ltd. (including Zhangjiagang Qianjiang Property Management Co., Ltd.) provided by Zhangjiagang Court, the creditor's rights of its employees are 1 654,38+0,000,000 yuan, of which the declared creditor's rights are 783 million yuan and the undeclared creditor's rights are 1 8 million yuan. The subsidiary of Xingbao Group has also fallen into a whirlpool of serious insolvency, and the person in charge has also been arrested.