Insider of Shanghai Social Security Fund Case

A mysterious private investment company "Fuxi", a social security bureau that manages Shanghai people's life-saving money, and a high-quality state-owned enterprise "Shanghai Electric" have fallen into the biggest corruption case in Shanghai since the reform and opening up. In order to thoroughly investigate the case, the Central Committee has sent an investigation team of more than 100 people to Shanghai.

With Zhu Junyi, the former director of Shanghai Labor and Social Security Bureau, seriously violating the national financial discipline and accepting bribes, he was quarantined and examined, and Zhang Rongkun, the chairman of Fuxi Investment, was restricted from freely cooperating with the investigation. Wang Chengming, the chairman of Shanghai Electric, and Zhang Han, the vice president, were "double-regulated", and Qin Yu, the head of Baoshan District, was investigated for serious violation of discipline. The shady scenes of this major corruption case and a series of influential cases are being uncovered layer by layer, and the gray capital chain is gradually becoming clear.

Qin Yu fell off his horse.

On August 24th, officials of Shanghai Municipal Committee came to Baoshan District Government to inform the cadres at or above the bureau level in Baoshan: "In the process of checking the illegal use of social security funds by Shanghai Labor and Social Security Bureau, relevant departments found that Qin Yu, deputy secretary of Shanghai Baoshan District Party Committee, was suspected of serious violation of discipline and was under investigation." At this time, it was just one month since Qin Yu became the head of Baoshan District.

Qin Yu, 42, reported to Baoshan District, Shanghai on July 6, 2006, and officially became the head of Baoshan District on July 25.

When the reporter interviewed the Baoshan District Government, most people had no impression of the new district head. In memory, people only know that the former deputy director of the General Office of the Municipal Party Committee and Municipal Government was a secretary and followed the main leaders of the Municipal Party Committee 1 1 year.

Before becoming the head of Baoshan District, Qin Yu worked as a leading secretary; Previously, he had been teaching at East China Normal University. Qin Yu 198 1 was admitted to the Philosophy Department of East China Normal University. After graduating from undergraduate course, I walked to graduate school, 1988 got a master's degree in ethics, and then stayed in school to teach.

The moment to change fate suddenly came at 1994. A former staff member of the General Office of the Shanghai Municipal Committee told reporters that some leaders of the Shanghai Municipal Committee had the habit of choosing highly educated secretaries in colleges and universities in the mid-1990s. It is said that Qin Yu was not the first choice for the Organization Department of Shanghai Municipal Committee. After the first candidate recommended by the Party Committee of East China Normal University was eliminated by the Organization Department of the Municipal Party Committee because of his poor English, Qin Yu's personal materials were presented.

Before Qin Yu left, East China Normal University suddenly awarded him the title of Associate Professor and appointed him as the Deputy Secretary of the General Party Branch of the Philosophy Department of East China Normal University. "This is a question of accommodating people." An old teacher said. From 1995 to 1, Qin Yu officially entered the general office of the Shanghai Municipal Committee as a deputy department-level cadre and served as the secretary of a major leader of the Municipal Committee at that time. In June 2002, Qin Yu was promoted to the position of Deputy Director of the General Office of the Shanghai Municipal Committee and Deputy Director of the General Office of the Shanghai Municipal Government, and was known as the "First Secretary of Shanghai".

According to familiar people's memories, Qin Yu, who has been on the official career for quite a long time, gave the impression that he was "modest and rigorous", and his intelligence was well-known among the Shanghai Municipal Party Committee secretaries. But in recent years, people can also feel that he has gradually changed.

"For a' big secret' like Qin Yu, deputy municipal cadres must be humble," said a staff member of the General Office of the Shanghai Municipal Committee. Officials, big and small, and businessmen of all kinds are happy to make friends with Qin Yu.

Qin Yu and Zhang Rongkun, the protagonist of the Shanghai Social Security Fund case and chairman of Fuxi Investment, both defected in February 2002. That month, Qin Yu became a secretary, and Zhang Rongkun registered Fuxi Investment, which will be a hot investment in the future, and it will become a platform for acquiring Shanghai Luqiao Company one month later. Now, both of them are "under investigation" because of the social security fund case.

Shanghai's supplementary endowment insurance fund has borrowed one third.

In March 2002, when Zhang Rongkun, a young man in his thirties, won the right to operate the Shanghai section of the Shanghai-Hangzhou Expressway for 30 years for 3.2 billion yuan, the "Fuxi Investment" he controlled suddenly became a mysterious private enterprise in Shanghai. In the following two or three years, Zhang Rongkun successively invested heavily in expressways. By June last year, the expressway mileage managed by Fuxi Investment had reached 200 kilometers, and the total investment exceeded 654.38+000 billion yuan, which surprised and envied the peers with deep pockets and sharp eyes. In 2004, Fuxi Investment in Zhang Rongkun participated in the reorganization of Shanghai Electric, and finally invested 960 million yuan to hold 865,438+05% of the shares, becoming the second largest shareholder, which surprised many people in the investment community.

However, on July 17, Zhu Junyi, the former director of Shanghai Labor and Social Security Bureau, was investigated for illegally misappropriating social security funds, and people suddenly saw the social security fund, a lever that incited the rapid rise of Zhang Rongkun. A few days ago, the Enterprise Annuity Development Center under the Shanghai Social Security Bureau sued Fuxi Investment and its shareholders' boiling point investment, demanding that the latter two return the borrowed funds in advance, so as to reveal the source of funds for Zhang Rongkun and Fuxi Investment's massive acquisition of expressways that year. "Fuxi" borrowed a huge amount of money so easily that people can't help but suspect that it is a bridge and tool for illegal investment by Shanghai Social Security Fund. According to the indictment submitted by Shanghai Enterprise Annuity Development Center, the Annuity Development Center has successively lent 3.45 billion yuan to Fuxi Investment and its shareholders' boiling point investment to purchase assets such as highways through entrusted capital operation. According to relevant persons from the Welfare Insurance Department of Shanghai Social Security Bureau, by the end of 2005, the funds managed by Shanghai Annuity Development Center exceeded 1 1 billion yuan, accounting for 1.6% of the total national annuities. In other words, 1/3 of Shanghai Supplementary Endowment Insurance Fund was lent to Zhang Rongkun for use.

Behind the scenes agents surfaced.

Young Zhang Rongkun was able to borrow a large number of these annuities with strict use regulations only by trading power and money. According to relevant sources, Zhu Junyi, director of Shanghai Labor and Social Security Bureau, and Zhang Bei, director of Shanghai Electric, were both "double-regulated", which was related to the illegal lending of Fuxi investment by the social security fund, and Zhu Junyi, who facilitated Fuxi investment, gained huge benefits in the process.

Zhu Junyi has been in charge of Shanghai Social Security Fund 10 for many years, and his business is skilled. He has a clear management style when talking about the function of social security fund. "This technocrat usually can't see the bad track of life erosion and bribery." However, according to CPC Central Commission for Discipline Inspection's preliminary investigation, Zhu Junyi's corruption is amazing. Among them, Junyi Zhu went to Hong Kong to "play" a second-and third-rate movie star, and spent more than 100,000 Hong Kong dollars.

According to reports, when the relevant personnel went to Jia Zhu for investigation, they randomly picked up a passbook with more than one million yuan in it. According to sources, Zhu Junyi took advantage of the convenience of taking charge of the social security fund to open financing channels for private entrepreneur Zhang Rongkun, and Zhang Rongkun reciprocated by offering his wife Zhu Junyi an annual salary of several hundred thousand yuan.

The major social security corruption case in Shanghai exposed the loopholes in the management of public funds and attracted the attention of relevant parties. At the symposium on the discipline inspection and supervision of the national labor security system held not long ago, the Ministry of Labor and Social Security and the Ministry of Supervision indicated that they would establish a special inspection system and form a joint inspection team every year to conduct special inspections on the collection, management and distribution of social security funds in some provinces and cities, and directly conduct spot checks on cities and counties.