[Text/Observer Net Zhou Yi]The case of He Xuemei, the former chairman of the labor union of ZTE Corporation, was finalized in the case of illegal fund-raising fraud. The criminal ruling of this case was finally made public, which caused heated discussions on the Internet. The amount involved in the case was as high as 2.1 billion, the case involved about 4,000 employees, and He Xuemei had taken 50 sleeping pills before surrendering… The details of the case are staggering.
Skynet recovered, and He Xuemei was finally sentenced to 20 years in prison. She paid the price for her actions.
Screenshot of China Judging Documents Network
Public information shows that He Xuemei was born in 1970 in Nanshan District, Shenzhen, Guangdong Province. She graduated from the School of Mechanical Engineering of Chongqing University in 1991.
But looking at the first half of life, she is undoubtedly dazzling.
In 1997, He Xuemei joined ZTE Corporation and began serving as the company’s labor union chairman in 2000. The labor union has two wholly-owned subsidiaries, namely Zhongxing Yihe Company and Yihe Tiancheng Company. He Xuemei serves as the legal representative and chairman of the two companies. In office, she can directly decide to allocate funds from Zhongxing Yihe Company without the consent of any other directors and no board resolution.
The reporter of “Legal Evening News · View News” combed in 2017 and found that He Xuemei often puts three labels on herself: public welfare person, outstanding alumni of Chongqing University, and wife who loves her husband deeply. In January of that year, the first batch of scholarships named after her had just been awarded; when she was interviewed again, she talked about the 30 years that she had walked hand in hand with her husband, “I love his steady and gentle”.
Such a president with a double harvest of career and family, but failed to write the happiness story to the end.
On July 13, 2017, ZTE announced that due to suspicion of illegal fund-raising and duty-related crimes, He Xuemei, the former chairman of the trade union, had voluntarily surrendered to the public security organs. On August 24, the Shenzhen Municipal People’s Procuratorate issued a notice on its official account, announcing that He Xuemei had been arrested on suspicion of embezzling funds.
Screenshot of Shenzhen People’s Procuratorate’s WeChat Official Account
The publication of the criminal ruling of the second instance of this case officially puts the details of the case in front of the public.
Take advantage of your position to embezzle
Observer.com found that from the beginning of 2015 to March 2017, He Xuemei released information about fundraising through his WeChat official account, “He Fan Club”, Yixiu’s personal Weibo, WeChat group, QQ group, etc., advocating that it has low risk , Investment channels with stable returns. He Xuemei used high returns as bait to raise funds from many victims in 26 phases on the “ZTE E-Home” e-commerce platform of Yihe Tiancheng.
Subsequently, He Xuemei used a large number of private accounts to receive and transfer the funds raised, and used the funds raised to Buy high-risk trust wealth management products , Buy real estate , Buy and sell stocks on the secondary market , Return the embezzled company funds , Repay personal debts , Embezzlement and transfer abroad Wait. When it was difficult to return the funds raised due to financial loss and transfer of funds, He Xuemei fabricated the financial performance to continue to raise funds, and used the newly raised funds to return the principal and interest of the due funds, staged a “Ponzi scheme.”
In addition to committing the crime herself, He Xuemei also instructed the trade union secretary Hu Mou, Yihe Tiancheng Company’s Vice Minister of Business Services, Wang Mou and others to commit the crime together. When the confession reached this point, He Xuemei said frankly, “They are just my subordinates and do things according to my instructions, and I don’t need to give them any benefits.” A sum of money fell into this way by “borrowing” from others. He Xuemei’s pocket.
After auditing, He Xuemei has raised a total of 2.11916570107 billion yuan of funds , 8819 participants 25580 person-times, 3921 personnel not returned The total amount of financial management funds is 89,856,809,607 million yuan. The huge amount of funds and the wide range of personnel involved are shocking. After the incident, ZTE Corporation paid all the outstanding funds in advance.
The incident in the East Window can not escape the law
The fire can’t be contained in paper, and things will eventually be revealed.
The “misfortune” caused Xiaoqiang. The internal audit of ZTE Corporation found He Xuemei’s footing.
In 2017, during a routine audit of ZTE, it was found that from March 2015 to December 2016, He Xuemei instructed Yihe’s chief financial officer Ji to borrow and invest in the name of Yihe’s board of directors without a resolution. Unauthorized transfers from the company’s public accounts to individuals (including Yihe employees and non-employees), and company accounts that have no business dealings with the company, accumulatively transferred about 399 million yuan.
After investigation, ZTE found that the above-mentioned funds embezzled by Yihe Company had been returned, but the flow of loans and repayment were inconsistent. After an audit interview, Ji, Hu and others all stated that they acted in accordance with He Xuemei’s instructions. ZTE believed that He Xuemei and Ji had misappropriated Yihe’s funds.
The audit also found that Yihe’s canteen, “ZTE E-home” shopping mall, etc.’s sales revenue, as well as Yihe’s loans, all flowed to accounts actually controlled by He Xuemei. The company believes that He Xuemei is suspected of embezzlement. However, He Xuemei did not cooperate with the company’s investigation and did not clearly state the above facts and the direction of related funds.
On June 21, ZTE commissioned legal counsel Tang to report the case, accusing He Xuemei and others of embezzling funds and embezzling their positions.
On July 11, the investigating agency filed a case for investigation with “He Xuemei and others suspected of embezzling funds.” On the same day, He Xuemei took 50 tablets of clonazepam (a sleeping pill) by herself and was admitted to the hospital for emergency treatment .
On July 12, He Xuemei was discharged from the hospital after treatment and returned to the company accompanied by ZTE staff. She expressed willingness to cooperate with the public security agency in the investigation. Later, her accomplices Hu and Wang were arrested and brought to justice.
On August 9, the investigative agency discovered that He Xuemei was involved in fund-raising fraud while investigating the fact that He Xuemei was “misappropriating funds”. The case of “He Xuemei’s suspected fund-raising fraud” was opened for investigation.
As if she was stripping away a cocoon, He Xuemei’s criminal facts were finally uncovered layer by layer. After careful investigation and solemn trial, she also ushered in the final outcome.
“The defendant, He Xuemei, guilty of fund-raising fraud, was sentenced to 15 years in prison and confiscated RMB 20 million of personal property; for embezzlement of funds, he was sentenced to seven years in prison; for the crime of embezzlement by office, he was sentenced to six years in prison. Combined punishment, a total sentence of 28 years imprisonment, confiscation of personal property of RMB 20 million, Decided to carry out a 20-year imprisonment and impose a confiscation of 20 million yuan of personal property . ”
Because of her own private thoughts, the female president who was once in power will spend the next twenty years of her long life with Tie Lao Han Chuang.
This article is an exclusive manuscript from Observer.com and may not be reproduced without authorization.
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