Tianlong photoelectric contract dispute due to 4 natural persons sued

Beijing daily news, Tianlong photoelectric September 22nd evening announcement that the company received the Beijing Dongcheng District people's Court of the "civil order", Tianlong photoelectric and Sheng Rong Wealth Investment Fund (Beijing) Co., Ltd. (hereinafter referred to as "Sheng Rong company") together as a defendant by Zhang and other 4 individuals indicted, due to a contract dispute after investigation, Sheng Rong's alleged crime of illegal deposits from the public by the investigation. Tianlong photoelectric Sheng Rong company as the guarantor, may be in such trouble, Tianlong photoelectric said that has not received the documents of criminal investigation.

For Zhang and other appeals, the Dongcheng District people's court ruling, said the company was not incorporated, is not actually operating. Beijing Dongcheng Public Security Bureau of Sheng Rong company suspected of illegally absorbing public deposits case investigation, Sheng into the company to raise funds about the existence of economic crime suspects, acceptance does not belong to the scope of civil litigation, according to the relevant provisions, shall be transferred to the public security organs". It also increased the severity of the incident, the cause of this incident can be traced back to November 2013, Tianlong photoelectric reported in the media, the disclosure of a foreign security company, Tianlong photoelectric company as guarantor Sheng into the amount of 70 million yuan guarantee, guaranteed income certain Sheng Rong company is committed to provide the funds of investors, but in the end the original disclosure of the registered capital of 500 million Yuan Sheng Rong company was found not finally incorporated, and in the absorption of funds only to the first half of the revenue, the principal and the other half income investors but didn't get.

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