Yesterday, Quzhou City Intermediate People's Court confirmed: June 5,mercurial vapor iii, has accepted the original Building Materials Group Co., Ltd. Zhejiang Petrochemical Wang Xianlong corruption, bribery, abuse of power case, the state-owned companies.

Wang Xianlong case of the first to enter the public eye, in the July 2 last year,Mercurial Vapor, he resigned from Intel Group Co.,canadian goose jakke, Ltd. Zhejiang post.

industry speculation that his resignation was mainly due to expiration of any term. According to the Intel Group Annual Report 2007, Wang Xianlong term of June 2005 to June 2008. There are rumors that Wang Xianlong suspected of using other means on behalf of holders of registered offshore companies, embezzlement of state assets, the relevant departments have been controlled.

while two senior accident

Following Wang Xianlong, the Intel Group, followed by another high-level trouble - Director Zheng Yu Ming received the organizational review of economic issues.

previously rumored, or suspected of the same case, two high-rise now been confirmed.

indictment, Wang Xianlong petrochemical raw materials, chairman of Zhejiang Province, Zhejiang Hualong Investment and Development Co., Ltd. President and CEO, and Zheng Yu Ming is in Hualong director and deputy general manager.

2003 year, Hualong and several other co-founded the Asia-Pacific Real Estate Development Co., Ltd. Zhejiang,Mercurial Vapor Superfly, Taizhou developed residential area, Nanshan Village project. According to policy,Doudoune moncler, this project has more than 2400 million land transfer can be returned. The money was Wang Xianlong, Zheng Yu Ming, Jin Rupeng, who divide - Zheng Yu Ming received 2.2 million yuan in cash, where the head was divided into 60 million to Wang Xianlong.

2004 to 2006, in the development of Taizhou Zhang Ao Village project, they take the placement of housing buy-back money. Wang Xianlong share of 2.4 million yuan in cash, there are 500 million as his share of 5% in Asia Pacific investment models, Zheng Yu Ming share of 2.6 million yuan in cash. In addition, there are 20 million yuan, they are by way of credit notes issued Jinru Peng Zheng saved. As the Provincial Discipline Inspection Commission was involved in the investigation, IOUs were face to face destruction.

delivery to delivery to the underground garage of 100 million

Zhejiang Mining Industry Development Co., Ltd. Chen Xie joint found in Wang Xianlong, cooperation,canada goose chilliwack, build Hangzhou Riverside Area office. In the formation of the new company, they agreed, Chen Xie in the 5% stake in the mine to give Wang Xianlong.

2005, the Wang Xianlong received a premium of 5% stake in this section 980,000 yuan. A few months later, because of Hualong company's financial audit, Wang Xianlong in the company's underground garage,nike mercurial, the 100 million in cash (of which 2 million is interest) returned to the Chen Xie, also retroactive the loan agreement.

be the second year after the wind,Chaussures Pas Cher, Chen Xie,Moncler Sito Ufficiale, he also put money back in the underground garage of the Wang Xianlong. Since then, the same in the underground garage, Wang Xianlong the money to Chen Xie, the deposit of its own to provide an account for trading.

until last March Provincial Commission for Discipline Inspection involved in the investigation, Wang Xianlong for Chen Xie in the stock account of the money cleared away,adidas f5, said he had not the money.

more than 200 million loss of state assets

2006, the United Real Estate Group Co., Ltd. Zhejiang Hualong shares after the decision to withdraw, to transfer its 35% stake. According to the procedure, Hualong right of first refusal to other shareholders. Board of Directors on the acquisition of five directors claim, but the chairman Wang Xianlong strongly opposed.

2007 July Zhejiang withdrawal joint property again when Wang Xianlong private discussion with his brother, decided that her husband's company acquisitions. Hualong his brother's company has 13% of the shares.

such a thing is the need to deceive the public. They planned to use their property Zhejiang joint 35% stake as collateral for loans to Wang Xianlong brother's company, and finally to the name of Zhejiang associated with the shares of real estate not to offset the repayment plan.

by the equity valuation, real estate held by Zhejiang Union 35% of the shares, in addition to the transfer price actually paid 108.3 million yuan,Chaussure Foot, the remaining more than 230 million yuan loss so suffered.