The fake Jinlu Jade Clothes incident was discovered during the audit of the Donghua Jinzuo project.

It was the audit department that discovered the problems with the Donghua Golden Tower project. It is understood that when the National Audit Office audited more than 900 million yuan of assets written off by China Construction Bank Beijing Branch, it discovered that a large amount of funds were related to Watson.

On February 26, 2008, auditors stationed at China Construction Bank for further investigation, and within a short period of time, they clarified the details of more than 100 accounts and huge amounts of funds in more than 20 units involved in the case. Flow, from which the criminal facts of Xie Genrong's loan fraud and bank's covert financial support were discovered.

Due to the seriousness of the case, the National Audit Office reported the audit results to the State Council and received approval from the central leadership. Later, the Beijing Branch of the Securities Crime Investigation Bureau of the Ministry of Public Security set up a special task force to investigate Xie Genrong's case. On March 22 and 24, 2008, Xie Genrong, Yan Linzhuang and others were arrested.

Extended information:

Five top appraisal experts including Yang Boda, former deputy director of the Palace Museum, assessed the sky-high price of RMB 2.4 billion for the "Jade Clothes with Golden Threads" made by scammers. The two presidents of China Construction Bank believed in the scammer's financial strength. After discovering that they had been defrauded of more than 600 million yuan, they not only failed to report the case, but also continued to provide illegal funds of more than 400 million yuan, resulting in the bank's final loss of more than 540 million yuan.

The appraisal expert at the time admitted that during the evaluation, everyone did not even open the glass cover of the golden jade garment, but only walked around it. "The process was not in compliance with the rules.

According to Xie Genrong's brother, starting in 1998, Xie Genrong used the money from Walson Company to collect antiques. Most of the antiques were bought from Jiangnan Street in Nanxun Town. Most of them were fakes, and the money for the antiques went into the company's account. , the prices recorded were all determined by Xie Genrong.

Because they are both engaged in collection, Xie Genrong got acquainted with Niu Fuzhong, director of the Beijing Zhongboya Cultural Relics Appraisal Center. According to Niu Fuzhong, Xie Genrong actually owns two jade clothing antiques. He made it himself using pieces of jade clothing given by Xie Genrong, which were not worth much.

Baidu Encyclopedia - Xie Genrong (reason for the crime)