Since then, he has opened Sanqiang Pre-component Company and Sanqiang Machining Company, which are prosperous and well-known entrepreneurs in Beibian City.

At first, Yu Sanqiang didn't think about taking out a loan, feeling that his company was not large and the funds were enough.

Later, people from above encouraged him to expand the scale, and promised that he could choose the land in the development zone, and he could give certain discounts when he bought the land.

He consciously read less, and it was okay to make a small fuss, but if he really made the company bigger, he was afraid that he would not be able to control it, so he didn't promise to expand the company's scale at first, but he couldn't hold meetings for entrepreneurs every once in a while.

Seeing that his peers built houses after taking the land, the land price and house price were the same day by day, it was simply lying down to make money, coupled with the encouragement above, he finally paid for two connected plots of land and moved the two companies over.

The land is cheap, but to expand the scale of production, the plant to be built, the equipment to be bought, Yu Sanqiang's funds in his hands immediately tightened, and later he borrowed 3.2 million yuan from the credit union in the name of Sanqiang pre-component company. Since then, due to the increased competitive pressure, Yu Sanqiang has lost three major customers, his income has plummeted, and Yu Sanqiang has failed to repay all the principal and interest of the loan after the loan expires.

After that, the people of the credit union came to collect the money, and Yu Sanqiang talked with the other party several times, and finally, the people of the credit union proposed that he apply for a loan in the name of Sanqiang Machining Company and borrow new to repay the old.

Yu Sanqiang felt that it was feasible, considering that Sanqiang Machining Company was operating well and that the later operation of the two companies needed funds, he borrowed another 6.2 million yuan from the credit cooperative, of which more than 3 million yuan was used to repay the loan principal and interest of Sanqiang Pre-component Company. A year later, seeing that the loan was about to expire, Yu Sanqiang was unable to repay.

At this time, the first phase of the new plant warrant of the Sanqiang pre-component company was issued, and after negotiation with the credit cooperative, Yu Sanqiang signed a loan contract of 7.5 million yuan with the credit cooperatives in the name of the Sanqiang pre-component company, with more than 4,500 square meters of factory buildings and office buildings as collateral, and incorporated the principal and interest of the remaining loans that had not been repaid into the loan contract.

Since then, the new plant of the second phase of Sanqiang pre-component company has passed the acceptance and issued a warrant. Yu Sanqiang used the second phase of the plant as collateral to borrow another 3.5 million yuan from the credit cooperative.

After the above-mentioned loan expired, the credit union sent people to the door to collect it many times, but at this time, Yu Sanqiang had no funds in his hands and was unable to repay the loan.

The credit union is preparing to sue Yu Sanqiang, auction the loan collateral, and recover the principal and interest of the loan. However, after reading the case file materials, the lawyer found that the collateral of the two loans had not been mortgaged.

Subsequently, the credit union's lawyers discovered a more serious problem: the land, factory and office buildings (including the collateral for the above two loans) and machinery and equipment of Sanqiang Pre-component Company had been transferred to a local cement factory at a one-time price of RMB 8.9 million.

According to Jiang Lin, the owner of the cement factory, during the signing of the Asset Transfer Agreement, Yu Sanqiang concealed from him the fact that the factory and office buildings of Sanqiang Pre-component Company had been mortgaged to the credit cooperative. After receiving the 8.9 million yuan transfer money from Jiang Lin's cement factory, Yu Sanqiang repaid the debts of the two companies.

Subsequently, the credit union reported to the police on the grounds of loan fraud, and the police took control of Yu Sanqiang's home, after which the procuratorate issued a notice of arrest and transferred the case to the local intermediate court.

After the trial, the local intermediate court held that the defendant Yu Sanqiang sold the factory building knowing that the factory and office buildings of Sanqiang Pre-component Company had been used as collateral for the loan of the credit cooperative, and his behavior constituted the crime of loan fraud, and the amount was particularly huge, and should be punished according to law. Verdict: Defendant Yu Sanqiang committed loan fraud and was sentenced to 10 years imprisonment and a fine of RMB 500,000.

After the verdict was pronounced, Yu Sanqiang was dissatisfied and appealed to the Provincial High People's Court.

"What's the current situation of your top three machining company?" Fang Yi asked.

"The credit union's loan was sold before it expired, and the money was repaid, and I am now penniless." Yu Sanqiang looked at Fang Yi very hobbyly, which means: Love is dripping, anyway, I don't have any money.

"Jiang Lin runs a cement factory in your local area, and he doesn't know about your loan and mortgage?" Fang Yi looked at Yu Sanqiang suspiciously.

"Actually, I mentioned this to him, but at that time, the supplier blocked the door every day to urge me to pay back, I was in a hurry to use the money, he took the contract and told me that it was okay to sign the contract, and after the account was completed, he helped me settle the account. I signed it. But who knew that this dog day did not admit it afterwards, saying that he did not know about it.

Later, I sued Jiang Lin to confirm the invalidity of the sales contract, but the court found that the asset transfer agreement between us was legal and valid.

Where do you say I'm going to reason? Yu Sanqiang said with a look of grievance.

"What did you do with the money Jiang Lin gave you?" Fang Yi asked.

"That money had millions in cash, checks for transfers, and some transfers, all of which I spent on the company's debts.

If you don't believe me, I don't owe any money to any supplier, it's all settled, and I don't even owe my employees' wages. "Yu Sanqiang is very confident.

"Only money owed to the credit union!" Fang Yi looked at him with a smile.

"Isn't that impossible?" Yu Sanqiang smiled.

Out of the gate of the detention center, Fang Yi and Zhou Ying found a restaurant in the city at noon and had lunch. When the other party entrusted, it had already negotiated with Wankefa, and the travel and accommodation were all taken care of. Wan Kefa asked the other party for 10,000 yuan for carriage and horses.

"Lawyer Fang, I don't think Yu Sanqiang is telling the truth, the money he collected must still be there." Zhou Ying said in a low voice.

Fang Yi stopped his chopsticks, glanced at Zhou Ying, and then picked up the teacup and took a sip of barley tea: "The public security can't find out about this matter, so we don't need to worry about it."

If he really settles the money of suppliers and employees as he said, I think this person is really interesting, at least not like many business owners, who owe money to suppliers and employees, and are out and about.

I heard that his brother was talking to his boss about the credit union debt, and I expect to have a letter soon. Hurry up, we'll have to rush back in the afternoon. ”

"Well, I feel that Yu Sanqiang has a Jianghu spirit in his body, very arrogant, not good, not bad." Zhou Ying thought for a while.

"Every time you slaughter dogs, most of them are scholars. In fact, people like Yu Sanqiang are easy to deal with, but those who are highly educated and have a set of people in front of them often do things that violate their conscience and betray their feelings, and they have no moral bottom line at all. Fang Yi sighed.

"Well, I've already made an appointment, let's go to the Provincial High Court tomorrow morning to read the papers, don't forget." Zhou Ying reminded.

(End of chapter)