"Trap" For Textile Industry To Return To Capital

The two criminals, Shi Lianzhong and Yan Wei Xing, made use of the textile industry's downturn. The small and medium-sized textile enterprises were eager to ship the funds back to the mentality of the funds. They bought the goods from the injured enterprises at a higher market price, only paid part of the loans, and then shipped them to the surrounding markets at below the market price, and benefited from them.

Because the quantity of each purchase is huge, and the "special relationship" and "export channel" are falsely claimed, the victimized enterprises are fooled.

In half a year, Shi Lian defrauded about two million of the goods, and Yan Wei Xing defrauded about six million of the goods.

Just when three victimized enterprises were aware of it, history and strict two people played the role of human evaporation.

According to Zou Chengxiao, deputy chief of the four team of the Changzhou Municipal Public Security Bureau's Economic Investigation Detachment, the two people sell products in the textile market of several neighboring cities, which are basically cash pactions, so the difficulty of obtaining evidence and collecting stolen goods can be imagined.

Zou Chengxiao also pointed out that along with the rapid development of China's economy, the identification of contract fraud has quite high evidence requirements. Therefore, the rate of case detection, the detection rate and the rate of conviction of the offenders are all very low. It is even more difficult for the injured enterprises to recover losses.

In the current economic downturn, small and medium-sized enterprises must be vigilant so as not to give liars an opportunity.

At present, the city court of intermediate people's court has been sentenced to thirteen years' imprisonment for the crime of contract fraud, and Yan Wei Xing has been sentenced to fifteen years' imprisonment for contractual fraud.