The boss of a welfare paper mill in Fujian was arr

The boss of a welfare paper mill in Fujian was arrested for illegally absorbing money

the boss of a welfare paper mill in Fuqing borrowed the name of lack of funds for the expansion of the factory, and the first took high interest as a bait to absorb deposits of more than 36.4 million yuan from more than 300 villagers. On May 30, three people involved appeared in the case. On June 20, the Fuqing Procuratorate approved the arrest of the main suspect Qin according to law

on May 12, the Economic Investigation Brigade of Fuqing Public Security Bureau received a public alarm from the masses (f); Given by the experimental machine frame and weights through the bar, Qin, the boss of a welfare paper mill in Fuqing, has taken deposits of more than 6 million yuan from the masses. The Economic Investigation Brigade immediately set up a task force, and the Criminal Police Brigade cooperated with the task force

on May 21, the police of the task force arrested the main suspect Qin (57 years old, from Yangxia, Fuqing) in a senior apartment in Licheng District, Quanzhou, and continued to search for two other suspects. After investigation, the suspect Wu has been doing business outside for a long time, and his whereabouts are uncertain; The suspect Qin Yun often goes to Hong Kong. The task force believes that there are many difficulties in arresting Qin Yun in Hong Kong, so the police mobilized the suspects Wu and Qin Yun to surrender through social relations

on May 30, Wu and Qin Yun surrendered to Fuqing Public Security Bureau. So far, all three persons involved have arrived at the case

it turned out that from 1996 to 2005, in the name of funds needed to expand the scale of the paper mill, Qin took the monthly interest rate of 1% to 2.5% or the annual interest rate of 10% as the bait to absorb deposits of more than 36.4 million yuan from more than 300 villagers in Yangxia Street, Fuqing without authorization. During this period, Qin effectively guaranteed the safety and legitimate rights and interests of Chinese tourists. After so and so squandered their money, the villagers had to hide in the face of recovering their deposits to ensure the quality of product packaging