"What means did the family use to carry out non-sucking? Financial companies? Zhou Ying looked at Du Yong suspiciously.

"Private lending, they are not the kind of financial ones we encountered before, such as P2P. On the contrary, the Zuo family still has a certain reputation in the local area and has its own construction company.

The Zuo family's business is mainly based on real estate development, and they have developed two real estate projects in the local county that sold well, and then they have auctioned a piece of land......" Du Yong began to tell the story of the case.

The Zuo family started as a construction company, and the old man of the Zuo family was the largest contractor in the local area, and the engineering team of the Zuo family began to be attached to the name of the construction company at a very early stage to contract business.

Later, the old man of the Zuo family gave way to Zuo Shouyuan, the boss of the Zuo family, who used his connections to take over a state-owned construction company and carried out drastic reforms of the family business, which got rid of the affiliated operation and laid the foundation for the rise of the Zuo family.

Later, Zuo Shouyuan saw the opportunity and registered a real estate development company named Xianglong Real Estate, the legal representative of which was Zuo Shouyuan, the boss of the Zuo family, who held 50% of the equity of Xianglong Real Estate and actually controlled Xianglong Real Estate. His two brothers, Zuo Shoupu and Zuo Shoupin, each hold 25 percent of the shares and hold senior positions in Xianglong Real Estate.

Qin Cui, who worked in an accounting firm, was arranged by Zuo Shouyuan into the company's finance department, and a year later became the financial director of Xianglong Company.

The local people all say that the name of Xianglong Real Estate is calculated by the master of the Zuo family, "Xianglong" and "descending dragon" have the same sound, which means that the strong dragon does not suppress the head snake, the Zuo family is the head snake, and no matter how strong the dragon is to this realm, it has to be coiled and surrendered.

I don't know if it fulfilled the master's words, anyway, the Xianglong Real Estate of the Zuo family has developed two real estate projects in the county, and the sales are very good, and the payment is very fast.

It is not necessarily a good thing to make money too smoothly, and under the good situation, the boss of the Zuo family made a wrong judgment.

Three years ago, Xianglong Real Estate won a piece of land in the county for 180 million yuan. Soon after winning the project, the real estate policy was suddenly adjusted, the loan policy of the local bank was tightened, and Xianglong Real Estate could no longer get loans from the bank, and the capital chain became tense.

In order to raise funds for the operation of the project and pay the principal and interest of the bank loan in the early stage, after discussion, Zuo Shouyuan, Zuo Shoupu, Zuo Shoupin and Qin Cui issued IOUs in their personal names, Xianglong Real Estate guarantees or mutual guarantees of four people on the grounds that Xianglong Real Estate needs funds for the development of Xianglong Real Estate, and borrowed money from unspecified objects in the society at a monthly interest rate of two to five cents, and the loans were deposited into the respective bank accounts of the four people first.

When the operation project needs funds, it will be transferred from Zuo Shouyuan's bank account to Xianglong Real Estate bank account, and if the funds in his account are insufficient, he will be transferred to Zuo Shouyuan's bank account from Zuo Shoupu, Zuo Shoupin and Qin Cui accounts.

As of the date of the case, Zuo Shouyuan, Zuo Shoupu, Zuo Shoupin, and Qin Cui illegally absorbed deposits amounting to more than 283.63 million yuan from 152 unspecified social targets, paid more than 37.86 million yuan in interest, and returned more than 42 million yuan in loan principal.

At the time of the case, there were still more than 240 million yuan of the loan principal that could not be repaid, and after the company's bankruptcy liquidation, more than 12 million yuan could not be repaid.

Zuo Shouyuan and others used most of the borrowed funds to purchase land, project construction, company operations and daily expenses, and the remaining part was used to repay the principal and interest of the previous loan.

After the incident, Zuo's lawyer has applied to the police for release on bail pending trial, and at present, except for Zuo Shouyuan, the other three have been released on bail pending trial.

When we went to Zuo's house, we met Zuo Shoupu, Zuo Shoupin and Qin Cui, and the general situation of the current case is this, the case of Zuo's family has reached the procuratorate and is in the stage of review and prosecution. At this stage, we mainly bid for litigation plans and attorney fees. Du Yong looked at everyone after speaking.

"In accordance with Article 3 of the Interpretation of the Supreme People's Court on Several Issues Concerning the Specific Application of Law in the Trial of Criminal Cases of Illegal Fundraising (Fa Shi [2010] No. 18), an individual illegally absorbs or covertly absorbs deposits from the public, the amount of which is more than 200,000 yuan; or individuals illegally absorbing or covertly absorbing 30 or more public deposits; or where an individual illegally absorbs or covertly absorbs deposits from the public, causing direct economic losses of more than 100,000 yuan to the depositor, he shall be investigated for criminal responsibility in accordance with law.

According to the above provisions, the four defendants in this case all committed the crime of illegally absorbing deposits from the public. The issue now is sentencing.

Old Song, you have handled several cases of illegally absorbing public deposits before, so let's start first. Tell us what you think. Fang Yi looked at Song Hui.

"Did the defendant in this case squander the funds?" Song Hui looked at Du Yong.

"I asked the three defendants who were released on bail to find that most of the borrowed funds were used to buy land, pay for construction projects, and maintain the company's operations; Some of the funds were also used to repay the principal and interest of the previous borrowing.

According to Qin Cui, every incoming and outgoing funds of Xianglong Real Estate can be checked, and the money borrowed by the four of them is invested in the project through bank transfer, and no cash has been used, and it can be checked through bank statements.

The bank statements of the four people match the amount and transfer records on the loan agreement in the hands of the lender, and judging from Qin Cui's statement, the defendant should not have squandered the funds. Of course, this needs to be further verified. Du Yong said.

"Hey, what they did was quite formal, and it was convenient for the public security organs to investigate the case." Yun Qiao was surprised.

"Well, it seems that they really want to develop real estate, not just run away after picking up money." Cao Yongzheng also echoed.

"The defendants are all locals, and the Zuo family has a big business in the local area, so their purpose should be for the project, otherwise the Zuo family would not actively raise funds and negotiate with the creditor for repayment after the incident." Du Yong said.

"Although the four defendants in this case illegally absorbed deposits from the public, they were mainly used for production and business purposes, and the defendants actively returned most of the funds after the incident.

I believe that this case meets the four requirements of Article 72 of the Criminal Law on the application of a suspended sentence, and can be used as a defense for a minor crime and strive for a suspended sentence. Song Hui took the conversation.

"Probation?! Illegally raising more than 200 million yuan, can it be operated in this way? Zhou Ying was surprised.

"Well, I think it's a bit hanging, too. The amount of money committed by the defendant in this case is huge and the circumstances are serious, and I believe that it does not fall under the circumstance of 'the circumstances of the crime being relatively minor' in Article 72 of the Criminal Law on the conditions for the application of suspended sentences, and should not be subject to a suspended sentence. Ji Hongying also disagreed with Song Hui's opinion.

"In this way, since everyone has such a big difference in the sentencing of this case, let's express our opinions and discuss it." Fang Yi said.

(End of chapter)