129836519517656250_120Chongqing investment and former Chairman under investigation uncovering energy heavy industry, black gold chain
SFC website recently announced the Chongqing gas group initial public offering prospectus, disclosed the gas group, parent company of Chongqing Chongqing energy investment group (hereinafter referred to as Chongqing investment group) former Chairman Hou Hangzhi during the reporting period, was sentenced to life imprisonment for bribery. Since the beginning of this year, more than intended due to the company's internal control of listed companies "step on mine" are not. ChongqingGas can pass through successfully? Promoting Chongqing gas market, who is reputed to have 6 Hou Hangzhi of one of the three big credit. His place for the past three years, had brought the double Chongqing development enterprise assets of the largest energy investments, at the end of 2011, with total assets amounting to $ 56.7 billion, and promoting Xinjiang coal to Chongqing. In many "benefit" in the eyes of corporate, Hou Hangzhi is helpful "Second brother Hou ", or called" Hau Tung ". On May 29, 2012 Chongqing energy investment group issued its first medium-term notes, intended to raise capital of 1 billion yuan, plans $ 600 million for additional coal sector's working capital of the group.
Plans $ 400 million for repayment of bank loans. Chongqing investment group funding gap and the debt is increasing. Shenyin wanguoReports that within the next two or three years, the Group proposed projects under construction and investment capital will be about $ 6 billion.
In nearly three years, because of the large swings in the prices of energy, gas and coal sector gross margin dropped year after year, has been a loss of 39 million dollars in net profit in the first quarter of this year. First Chongqing Municipal Intermediate People's Court trial judge considers that, even if the incident before the "contributions" and the healthConditions, lighter penalties aren't enough.
In addition together with his son Hou �� soliciting or receiving of property up to more than more than 6.25 million dollars, Hou Hangzhi also to the discipline inspection and supervision organs exiting the other discipline and $ 1.2 million. First intermediate people's Court of Chongqing criminal judgements (hereinafter referred to as "judgement") showed that Hou Hangzhi not only for its child seek illegal interests, as their energy investment group subordinate enterprise of Chongqing"Son" dominate. He used terms, Chairman, during the surge in the price of coal, violations of clean coal in coal mine subsidiary sold to private owners, prejudice to the interests of the State-owned enterprises, also buy official for bribery and mobilization opened the door post.
Energy heavy industry such as coal and electric power, cement, "black gold" chain, have also emerged. White Nissan involving bribery case 2004A night in late May, Wong Nai pound, Jiangbei district, Chongqing, a licence for Yu-A95588 white Nissan FENGSHEN EQ7200 car crashed into a BMW, owner of Hu Xiao was injured.
Drink driving accident the owner later gave the injured 200,000 cash to "settle". The person Hou ��, hour double fracture of the leg was broke into, treatment rehabilitation after his father Hou Hangzhi��
Hou Bo Gen cultured established era industrial development limited (hereinafter referred to as Bo era), the registered capital of 8 million Yuan, engaged in the development of biological products, automobile parts, trade information, advice and property management business.
According to the judgement, the white Nissan car accident involving two bribery case. "Second brother Hou told me that his son Hou �� wanted to buy a car, let us support. ��One day in the second half of 2002, across the Group General Manager of Chongqing Han Qing, Chairman of the company said. Later, Bo Han Qing received from the times account goes over 400,000 yuan in Shenzhen.
The bribe of $ 236,800 for Hou �� bought a white Nissan and the rest used as overhead. "Thank you" due to acquisitions of State-owned enterprises bankruptcy with assets.Hou Hangzhi machinery industrial Bureau of Chongqing municipality at that time person to greet
TERA Power Leveling, in November 1997, across the Group and Chongqing machinery holdings for $ 62 million price purchased all assets of the State-owned enterprises in Chongqing iron and steel ball plant. Under the coordination of the Hou Hangzhi, across the group not only from the more than 4.7 million debt due to the financial and Government rent for two departments, the former Chongqing iron and steel ball mill BankMore than 19 million worth of debt written off.
For the time being, Vice Chairman of the Chongqing Municipal Economic Commission of the Hou Hangzhi. In May 2004, Hou �� after an accident, Oak building material company chairman Wei He received a call from the Hou Hangzhi, want him to show up and help solve part of the compensation. After the incident, Hou �� taken from their bank card with $ 100,000 in cash, together with Wei He sent to100,000 yuan
TERA CD-key, over to Hu Xiao. $ 100,000 Peter Hessler also thank you. As early as 1996, when cement plant property rights reform of the Yangtze River in Chongqing, cement factories, township enterprises in State-owned enterprise qingmuguan coal mine enterprises in jiangjin Xia Qiang cement plant and oak building material company is interested in buying. In 1996, the then Commission Deputy Director Hou Hangzhi, Chongqing, Sichuan, accepted the Peter HesslerSupporting.
Hand of Yangtze River cement plant will soon fall into the oak building material. According to the verdict, 1997, Hou Hangzhi out of energy enterprises. When national plans to indicators of the first listed company in Chongqing. Kowloon electricity company's former General Manager Feng Renli expressed the hope that he represented the Commission in support of the company's listed more than once. After Hou decided, guided by the Chongqing Municipal Economic Commission in charge of enterpriseTo operate, as it developed a list of recommendations to the Commission. Kowloon electric power (600,292. SH) listed on November 1, 2000.
From 1998 to 2001, Feng Renli 6 times gave $ 80,000 to Hou Hangzhi. Responsible person of the Kowloon electricity later confirmed that the money when the Chinese new year or new year's day calls on leaders, corporate hospitality or foodInvoice for reimbursement. In November 2007, Hou Hangzhi transferred to Chongqing investment and Chief leader of the group. Investment group has up to 24 wholly-and majority-owned subsidiaries, joint stock company 15. Includes coal, electricity, gas three plates.
Chongqing investment group is funded by the Chongqing Municipal Government set up the State-owned company, with registered capital of 6 billion yuan, with total assets of $ 56.7 billion. Hou HangKnow this large opening in the energy group "the door" means, for the illegal selling coal to coal boss profit-making. Took office soon after by his son Hou �� pull strings, boss Hao Feng Hou Hangzhi help coal companies from the two largest mining company coal business. Hao Feng before company called Chongqing light industrial limited (Hao Feng sentenced for bribery), the company is mainly engaged in coal and its products wholesaleIndustry.
This is a main producer of clean coal Wansheng District, Chongqing (now under the qijiang district) registration of private enterprise, in Chongqing is a sales office. First intermediate people's Court of Chongqing identified, 2008, Hao Feng commit sth. to SB. 's care Hou ��, before the light industry from Chongqing to Nantong Investment Group holding subsidiary wing wing, mining companies and mining companies to buy coal shipped out salesFor help. Hou Hangzhi Hou ��ceng asked, "could help business friends do have preferential terms of clean coal", Hou �� into. According to the judgement, Hou Hangzhi after the promise, that is, to greet Liu Dezhong, Chairman of Nantong mining company's former, for second-level companies, Chairman of the transportation branch coal sales business, head to "attention" before the light industry. Thus, in Nantong mining companyWas signed He Guangqian industrial supply and complete violation of coal purchase contract on the payment method. According to the judgement, and as such, Hou Hangzhi greets to wing wing before mining General Manager Yang Tianguo. Hou �� even took to the front this time, with real people before in person to buy coal. Similarly, Yong Rong distribution companies heavily skewed in the supply of mining, total sales of more than 10,000 tons of coal�� 2007-2009, coal prices into a bull market at home and abroad. Light industry will sell a lot in terms of clean coal power before hengtai company, lianyuan iron and steel group, and so on. According to the company's coal operations profit calculation sheet was informed that Hao Feng to thank Hou Hangzhi parent-child, to profits transferred multiple times to Hou �� provide accounts, Nantong mining section is 132.26$ 310,000, Yung Wing business part is $ 503,391. Means of bis, provides help for the enterprises in coal mine. In 2008, Cao Hongwen
SWTOR Credits, Chongqing Wujiang industry group Deputy Chairman, State-owned enterprises through intermediaries to find Hou ��, commit sth. to SB. 's care the parent Hou Hangzhi Wujiang industry wants stake in two rivers in Chongqing power Development Corporation and Wu Longhong coal co., Ltd. Cao said after thingsThanks 2 million dollars.
Two rivers and coal energy and macro are zhongliangshan coal electrical limited, a wholly owned subsidiary of Chongqing, Chongqing investment group Sun company. By the end of 2009, the Chongqing Municipal SASAC's reply shows that, Wujiang industry stake in the two companies successfully. How to people such as the $ 2 million into Hou �� account?
Wujiang industry causes a bit of bother. Wujiang industrialXin Hui investments limited Chongqing advanced Silicon Hubei gold mine project cost $ 2 million, on behalf of the broker account. And intermediary buckle after-tax money to people such as Hou ��, zhongliangshan coal electric limited Jiao Jingli, former Chairman, also get a copy of Hou �� get $ 600,000.
In fact, the Hubei gold silicon engineering contract fully myth. Means of three, to subordinateCoal mine mining, new cement project to provide support in the field. In 2008, the Nantong mining company in Guizhou coal mine construction wood hole, Chairman of Nantong mining given Hou Hangzhi support in setting up projects, fund raising, to $ 50,000, to false after labour claims. The same year, Nantong mining intended to subordinate the Chongqing Nantong cement limited liability company for technical upgrading,The new production line.
In the country to cement under the premise of the new capacity limits, Hou Hangzhi help and received $ 40,000 Commission, after the Nantong mining "handling fee" for their reporting.
Means of four, used his powers for coal mine workers ' buying and mobilization. The second half of 2010, in Nantong mining distribution branch General Manager Yong (sentenced for bribery) through Nantong mineFormer Chairman met Hou Hangzhi pull strings.
In Yong Hou Hangzhi wife works to mobilize applications signed on, she transferred from the Nantong mining Office in Chongqing Chongqing Hau Tak mining equipment testing company, he Yong to $ 100,000 as a reward.
Means five, helping power enterprises private placement. Kowloon electricity have been on holidays and Hou Hangzhi maintained a "gift giving" habits��
Hou Hangzhi after transfer to Chongqing investment group, due to the investment group is the second-largest shareholder of Kowloon electricity 2010, power business for private placement program received Hou Hangzhi, Kowloon's investment group meeting, requests can vote in Kowloon on the power Board in support of the programme of the group, eventually, pass issuance programme of the Kowloon electricity. Hou Hangzhi can also use investment group ChairmanPower chair multiple times, for construction of Chongqing Juneng group contracting second Fuling Wujiang River Bridge connecting route, Wulong dam filling treatment in multiple projects, such as providing facilities, provide intercompany loans and credit guarantees amounted to $ 950 million.
Construction of Chongqing Juneng group for energy investment group subordinate enterprise of Chongqing. End of 2011, the Chongqing intermediate people's Court to the crime of accepting bribes datelessSentence, calling it "crimes for a long time, frequency, amount of great". 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