This is the Kaiping Sub-branch of Bank of China that shocked China and foreign countries? 10? 12? The biggest theft of bank funds since the founding of the People's Republic of China.
Accused of misappropriating $622 million.
In July 1 1, 2065438, the principal offender in this case was forcibly sent back to China after absconding to the United States 17 years.
Three years later, on February 25th, 20021year, the Intermediate People's Court of Jiangmen City, Guangdong Province held a trial in the first instance to hear the case of Xu, the former president of China Bank Kaiping Sub-branch, who embezzled and misappropriated public funds.
Jiangmen People's Procuratorate accused Xu of taking advantage of his position as the president of Kaiping Sub-branch of China Bank and the director of corporate business department of Guangdong Branch of China Bank, conspiring with Xu to embezzle more than 622 million US dollars, HK$1290,000 yuan and embezzle more than 356 million yuan. (According to the rough calculation of the exchange rate at that time, the above amount was about RMB 6.7 billion).
During the trial, the procuratorate produced relevant evidence, the defendant Xu and his defender conducted cross-examination, both the prosecution and the defense fully expressed their opinions, Xu Jin made a final statement, and pleaded guilty and repented in court.
Xu's close relatives, NPC deputies, members, journalists and people from all walks of life attended the trial. In this case, the court will decide a date.
Gamble for 4 hours and lose 60 million
Xu was born in an ordinary family, aged 65,438+07, and worked as a loan officer. In 1990s, 30-year-old Xu became the president of China Bank Kaiping Sub-branch. However, commercial success brings not enterprising determination, but endless greed.
According to the disclosure of the National Supervisory Commission (NSC) (NSC), Xu's funds suspected of embezzlement and misappropriation amounted to 485 million US dollars.
Starting from 1993, Xu took advantage of his position to conduct foreign exchange transactions on behalf of Kaiping China Bank customers, embezzling and misappropriating bank funds. Together with Xu, vice president and manager of his subordinate company, he borrowed a large amount of funds from bank accounts, transferred them out in the name of loans, and transferred them to Tanjiang Industrial Co., Ltd., which is controlled by Hong Kong.
Subsequently, Xu was promoted to the position of Director of Corporate Business Department of Guangdong Branch of Bank of China, and Xu succeeded him one after another. The three men communicated with each other, and the three presidents transferred $485 million overseas in 10.
Is Xu very dissatisfied with wasting public funds? Generous? . It is reported that Xu was addicted to gambling and lost more than 60 million yuan in four hours in Macau. His subordinates have to work overtime suddenly, occasionally for a week or 10 days, and some people have overtime pay as high as 700 thousand to 800 thousand! When the driver got married, Xu said, sorry, I can't go. Give me a small red envelope. The driver opened it and saw that it was 660,000 yuan.
When he and his accomplices were arrested in the United States, the property seized included: three Canadian properties, more than 100,000 US dollars in cash, dozens of diamond rings or gold rings, many diamond necklaces, and more than a dozen Swiss watches such as Rolex, Audemars Piguet and Earl.
Let wives and foreign citizens apply for American green cards? Fake marriage?
200 1, 10, China Bank Guangdong Branch conducted an electronic business networking inspection, and found that Kaiping Branch's $480 million was missing. When checking with Xu He, the president of Kaiping Sub-branch, it was found that Xu He and the former two presidents Xu He were missing at the same time.
It turns out that Xu and others have arranged for themselves and their families? Back road? .
As early as 1994, Xu, and Xu's wife had already chosen a fake divorce, then married a fake American citizen and obtained a US green card. Later, the wives of the three helped Xu get a green card through divorce and remarriage. 1997, Xu,, Xu went to Hong Kong with fake identity documents and obtained forged Hong Kong passports.
Within two years from March 1998, Xu et al. used fake loans to transfer 16 to Tanjiang Industry and then to private accounts in Hong Kong or overseas, with a total amount of 75 million dollars.
200 1 After learning that China Bank found a huge deficit and launched a bank-wide investigation, Xu immediately informed He Xu that the three men fled to Hongkong, China, and then flew to Canada.
In Canada, Xu hid in a house rented by a friend and lived with his mother, wife and three children. What he didn't expect was that on 20011,the Ministry of Justice sent two requests for judicial assistance to the United States and Canada, and through cooperation with the law enforcement departments of the United States, Canada and China, all bank accounts of Xu et al. were frozen at the first time.
I thought I didn't work, and the money was enough for the whole family to use for a lifetime. I didn't expect the account to be frozen. Xu has been in a state of fear because he doesn't have much cash with him. Six months later, he fled to Los Angeles with Xu. He said that there were only ten or twenty thousand dollars left in his pocket at that time, and he dared not live in Los Angeles for a long time.
Starting from 200 1, 1 1, China coordinated the US to collect evidence in China and conduct remote video forensics. After that, the US Department of Justice issued an arrest warrant nationwide, and the three families had to flee separately. Went to Los Angeles, while Xu and Xu chose to flee to small cities in the central United States.
From June 5 to February 38, 2002, the federal prosecutor's office in Nevada issued arrest warrants against Xu and Xu. Yu Zhendong, the co-defendant, was arrested by the US authorities in Los Angeles on suspicion of defrauding visas. In September 2004, Xu and his wife were arrested in the United States. In June 2004, Mr. and Mrs. Xu were arrested in a small town in Oklahoma.
On May 6, 2009, the federal court in Las Vegas sentenced Xu and Xu to 25 and 22 years in prison for money laundering, interstate transfer of illicit money, passport and visa fraud, respectively, and ordered the defendant to return 482 million dollars of illicit money involved. Xu's wife Kuang Wanfang and Xu's wife Yu Yingyi were also sentenced to eight years in prison.
2065438+September 2005, Xu's wife, Kuang Wanfang, was forcibly repatriated by the United States after serving her sentence in the United States. This is a blow to Xu who had hoped to stay in the United States after serving his sentence.
20 15, 1 1, Xu proposed to go back to China for trial in writing. On 20 16, he said through his lawyer that he hoped to meet the Chinese working group again and was interested in accepting repatriation. After this conversation, I agreed to return to China for trial. China and the United States communicated on the work arrangement of Xu's case, and the American court revised Xu's case. At the same time, after the court approved the agreed repatriation order, the United States issued a repatriation order, which will be repatriated to China.
In July 1 1, 2065438, the principal offender in this case was forcibly sent back to China after absconding to the United States 17 years.
It is worth noting that in an interview with CCTV News 20 19, when asked what he planned to do one day to restore his freedom, Xu said. Paying off my debts has done great harm to this society. My old colleagues and family members have suffered so much because of me, and I have to pay off all these debts. ?