Chapter 553 Unhappy with retribution, sky-high fines (second update)

   Letting go is impossible.

  Not to mention the investment department, the entire Mingda will pay the price.

  On April 12th, a circular from the China Securities Regulatory Commission caused quite a stir in the business community of Ningcheng—

  Mingda Group was suspected of using multiple accounts and using leveraged funds to manipulate a large number of new stocks, and made a cumulative profit of 800 million yuan during the manipulation period. The case has now gone through the investigation and trial and prior notice of administrative penalties. The China Securities Regulatory Commission will impose a maximum penalty of one fine and five fines on Mingda Group, with a total fine of about 5.7 billion yuan.

   is the largest fine ever issued by the China Securities Regulatory Commission.

The specific evidence has also been publicized in detail. To sum it up, the investment company under Mingda Group has used hundreds of stock accounts, hundreds of computers, and more than a dozen traders to trade at the same time since the year before last. , Linsheng Shares, and Huaijiang Bank's three new shares raised billions of yuan and made a profit of 800 million yuan.

  During this period, funds poured in frantically, and the hype was obvious. The stock price nearly doubled, while the broader market rose slightly during the same period, and the trend seriously deviated from the market trend.

   After making a fortune, this investment company began to operate a plan to get out.

  First, the capital was reduced, and the registered capital was sharply reduced from 300 million to 40 million. Then the largest shareholder of the company transferred its shares, resigned from the company's legal person and general manager positions, and changed the contact person for industrial and commercial registration.

   At this point, all the relevant personnel of Mingda have withdrawn, and also took away 800 million cash proceeds.

  The China Securities Regulatory Commission had its eye on this investment company two years ago, and followed the clues to find out about Mingda Group. However, the Shen family was too cunning and impeccable. They followed for a whole year, but failed to find any evidence of the transaction.

  But just a week ago, an anonymous letter made things turn around.

  The letter did not reveal a word, only the account opening information of the six accounts, and past transaction records.

   Coincidentally, these six accounts happened to participate in the hype of the three new stocks of Hegang Consulting Bank, Linsheng Shares, and Huaijiang Bank, and the six accounts belonged to Mingda Group!

  The evidence is conclusive, and the China Securities Regulatory Commission quickly set up an investigation team to verify the authenticity of the content stated in the anonymous letter in the fastest possible time, and the final result is all true!

   It is said that the exorbitant fine was in the hands of Shen Chunjiang, and he fainted immediately.

   It was Shen Zongming who came forward to hold an emergency board meeting to discuss countermeasures.

   But the ticket has been issued, the notification has been issued, and the attitude of the China Securities Regulatory Commission is so tough, what else can be done?

"Look for Shen Yu! Let her ask the sixth master! Quan Hanting has contacts in Jingping, and he will definitely be able to help." This is the first thing Shen Chunjiang said after waking up in the hospital bed, recalling what happened. words.

  At that moment, his expression seemed to be grabbing a life-saving straw, and he wanted to hold it in his hand desperately.

   "Mr. Shen, have you forgotten? Shen Yu has been taken away by the police, saying that she is cooperating with the investigation..." The secretary stood by and dutifully reminded him.

  Shen Chunjiang was stunned for a moment.

   That's right, Shen Yu was taken away for investigation a long time ago. He didn't intervene at that time, but now he's trapped in a cocoon?

   What a great irony!

   "Go, let the group's lawyer team send the best and most outstanding lawyers to release her on bail!"

"yes."

  The secretary took the order and left.

   In the afternoon, when I returned to the hospital, my expression was not too optimistic.

  Shen Chunjiang: "Is the bail successful? Where is she? Let her come to see me, immediately, immediately!"

   "Sorry Mr. Shen, the police station said that Shen Yu has been transferred to other agencies for further investigation."

   "What agency? Where did it go?"

   "I asked, but the police department claimed that it was confidential and could not be disclosed."

   "Idiot! You believed him when he said he couldn't disclose it? Didn't you think of other ways to find out?"

  "I've tried everything, but the other party's attitude is very tough and doesn't appreciate it."

  Shen Chunjiang was so angry that his face turned green.

  He was already ill, and now it was even worse. A darkness struck him, and he almost fainted again.

   "Mr. Shen, are you okay? Doctor—"

  At the same time, the old man was also in anxiety, and he didn't even have time to go to the hospital to see Shen Chunjiang.

  First, he put on an old face and sincerely apologized, then endured the complaints and sarcasm of other directors, and finally made a low-key assurance that this fine will definitely not affect the group's capital chain.

   After finishing all this, I was exhausted.

   After all, I am getting older, not as good as before.

  When Shen Qian heard the news, he rushed back to Mingda immediately.

   "Grandpa, are you okay?"

   "It's okay... what do you think?"

Shen Qian pondered for a moment: "The China Securities Regulatory Commission has known about it for a long time, so after getting out of the investment company, we have been very careful, and we are sure that we have not left any clues, but why did the other party suddenly find evidence and act so quickly?" A fine was issued?"

  Shen Zongming pondered for a moment, his old eyes flashed sharply, "Someone deliberately played tricks, trying to deceive Mingda!"

   "That's right." Shen Qian's eyes were dark and his expression was cold, "I got some news, do you want to hear it?"

"explain!"

   "An anonymous letter was delivered over there."

   "What was written?"

   "Nothing, only a few account opening records and historical transaction information."

  The old man narrowed his eyes slightly: "Is it the account where we operate those four stocks?"

  Shen Qian nodded.

   "No wonder!"

   Mingda was fined referring to the actual case of Beibadao Group. It happened in March today, and it is the largest fine ever issued by the China Securities Regulatory Commission.

  

  

  (end of this chapter)