11 years of misappropriation of 50 million state-owned enterprises into gambling executives
Guangzhou Ocean Shipping Supply Co., Ltd. (the
Recently, the Guangzhou Intermediate People's Court to make a formal decision, Xiao Xianmin openly during his tenure in the company Zuozhuang open go to Macau for gambling, during which four dozen embezzlement 57.927 million yuan to repay gambling debts, resulting in huge amounts of money could not be recovered and sentenced her to 15 years imprisonment.
executives within the company Shedu Zuozhuang
Chen statement: p>
According to the prosecution said Xiao Xianmin all day with the company some of the staff gambling, Later, Xiao Xianmin found that some employees within the company began to indulge in underground , by personally Hence, it is by the company responsible for financial accounting Chi Jiang Yong, deputy director. The results, on the outer to the chairman of the company, down to the driver service, take part, are numerous.
but Procuratorate on the outer aspect of gambling has become a trend within the company's idea was the Guangzhou Food Group Limited (
Xiao Xianmin trial, argued that, in the outer case of heavy losses, the manager in charge of Wang and a few in August 1999 the day suggested that the following staff lottery gambling was rampant, and better for them to find a man, that Hence, it is to win money wages.
Xiao Xianmin playing the original dealer wants is definitely a sure win, by the way also to try some sweetness of its staff. But it did not,
Nike Air Max Tailwind, Xiao Xianmin Zuozhuang with some of the staff underground Seeing this, Xiaoxian Min Jiang Yong Chi, who will be complicit, has seven times the These accounts funding gap, until November 1999, was the Xiao Xianmin gambling to win back the money with fill level.
Macau gamble
later,
nike shox, the company's This hobby.
Not only that, Xiao Xianmin also met a fortune teller, fortune teller that he had liquidated
1999 New Year's Day, Xiao Xianmin started in accordance with the Initially, Xiao Xianmin in the ############ series of With the aggravation of gambling and gambling places like the increase, Xiao Xianmin by the ############ a The other party agreed to provide him with seven million yuan each bookie, limited to one year, year-end.
Xiao Xianmin said after he won from ############s in Macau more than 2000 million, followed by the company to repay the debt of more than 1,600 million Hong Kong dollars and 300 million to buy water purifier parts. After the Spring Festival in 2000, Xiao Xianmin
this reporter learned that, when the Zhuhai area, Huang made the company Zhuhai branch in Macau,
company will become He's gambling with
in such a long period of time, the Xiao Xianmin easy misappropriation of public funds gambling,
nike air max, outer Chi Jiang Yong, director of corporate finance associate for their gambling associates is one of the reasons. After investigation, this reporter found that Xiao Xianmin in November 1997 to August 2009 served as chairman of Ocean Shipping Company during the time when the second Guangzhou Ocean Shipping Company Business Bureau from the transfer to Canton food enterprise groups of the transition period, the time , ocean shipping company administration and financial management deficiencies, the absence of monitoring mechanisms, it is more important.
business information, ocean shipping company was founded in 1958, when the competent authorities of the Second Commercial Bureau in Guangzhou, the main ocean shipping, ocean-going vessels for domestic vessels and other goods and daily necessities of seafarers and other materials.
It is understood that foreign ship companies have flourished, there had been hundreds of millions of assets, a period of more than 1,000 employees, had Whampoa's subsidiary, Long Beach supermarket, East Lake Shopping Centre, East Sichuan shopping malls,
cool nike air max, shopping centers Whampoa international seafarers, service, motor transport maintenance services and other subsidiaries and departments. Guangdong Province has been rated as one of the 100 largest enterprises in Guangzhou City, one of the 50 largest companies. Ocean Shipping Company in 1998 as a limited reform, Xiao Xianmin as legal representative.
obtained according to the reporter a amounted to 188,347,000 yuan, equity is 48.801 million yuan.
but early in May 2009, Liwan District, Guangzhou City People's Procuratorate Anti-Corruption Bureau, Guangzhou Food Group's parent company received Guangzhou Lingnan International Enterprise Group Co., Ltd. (the Ocean Shipping Company of its subsidiary as chairman by Xiao Xianmin during the chaotic situation of financial management, capital losses totaled over 500 million yuan.
obtained in 1998 at a press conference in Guangzhou Food Group Chairman Mo Bing-hang, signed a
from the composition of the Board and the Supervisory Board can be seen, the outer structure of corporate governance is sound at the time, but the end result is useless.
more puzzling is that working in the certificate clearly the tenure of the Board and the Supervisory Board is three years, but until August 26, 2009, the Guangzhou Food Group was withdrawn and the Board of Directors Board of Supervisors, and eventually just give this shell company set up an executive director and a supervisor. Among them, all the staff, led by Xiao Xianmin been removed, leaving only one supervisor Wang Liyun. But this is the thing 11 years later, it is clear stake in Guangzhou Food Group as the parent unit of the absence of external supervision of the company round.
reporter survey, Xiao Xianmin During his tenure, no private equity, he also served as chairman of Cheung Industrial Co., Ltd. afternoon. The company main business is closely related with the foreign ship companies, such as the establishment of import and export business and leasing water, watch business and so on. Guangzhou Ocean Shipping company's water purification equipment Co., Ltd. Bi source of the original number of water purification machines are all imported by the company.
prosecutors later identified, Xiao Xianmin has used his position to facilitate the source from Guangzhou City, water purification equipment Co., Ltd. Bi had misappropriated public funds used to repay gambling debts owed gambling in Macao, and the person in charge of his term of office Private Kenneth Cheung Industrial Co., Ltd. Guangzhou debt repayment.
addition to Kenneth Cheung Kong Holdings, Xiao Xianmin also a company called Watch Industry Co., Ltd Guangzhou Hui afternoon business crowd.
The company is mainly engaged in wholesale, retail watch business. Told our reporters found that the company's office is set up in ocean shipping company office at 131 Si You Xin Road, third floor, office space and even took charge of the foreign ship companies by the Xiao Xianmin provided free of charge. Similarly, the company was not operating properly, when in 2006 the business license revoked.
Later, the same prosecutors have identified Xiao Xianmin misappropriation of public funds used to repay this debt.
during the period of history for Xiao Xianmin, Lingnan Group from top to bottom has been reluctant to mention, this reporter made the afternoon of August 13 Disciplinary Committee of Lingnan Group Hui Wang deep, he said: , Guangzhou City Commission for Discipline Inspection under the forbidden password, the password has not lifted ban now, I can not tell you what.
Former chairman of misappropriating public funds t
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