Group Chairman was arrested in Zhejiang, Chairman of group debt totaled $ 2 billion | |-debt _ news

Xinhuanet, Hangzhou, June 25 (reporter)-25th, Yuhang district, Hangzhou City, Zhejiang Province, the Government announced that "lost" Yang Dingguo, Chairman of holdings in the night of June 24 in Xiamen are found. After overnight investigation, Yang Dingguo were arrested for crime of illegal absorbing public savings is under criminal detention by public security organs, in the present case is under further investigation. Group has announced that group debt is now more than 2 billion yuan, a figure may be floating in the future.

June 17, Yang Dingguo suddenly "lost" department stores and three restaurants in all of the Group's business. According to the current liquidation, group debt of more than 2 billion yuan, of which 8 commercial banks loans of more than 500 million Yuan directly; entrust loans reached 280 million Yuan, Yuhang huading well-known Enterprise holdings has loaned 160 million dollars; private lending is the largest group in these debts, statistics about 505 million dollars.

Huading holdings issued a circular, which are through the Ningbo Bank and Bank of communications to clients in the form of loans to the Group and in the Mall, loan of 160 million dollars and two loans with collateral.

Reporters learned from the Yuhang district people's Court, starting from the night of June 19, the Court has accepted a number of units or a private prosecution against the group in, among them are banks, trust companies, small loan companies, and large enterprises, and Yang Dingguo, relatives and friends, staff and fellow students.

It is understood that apart from department stores, holding Group's business there are real estate, Castle Peak in the lakeside hotel, property, real estate, mortgage, Nowe gardens, real estate is its main business.

(Edit: SN022)
16:58 on June 25, 2014 Xinhua NET