The disappearance of Li Zhaohui, the former richest man in Shanxi

　　On September 15th, an execution reward announcement issued by the Shanghai First Intermediate People's Court caused widespread concern.

Apart from the huge bounty of more than 20 million yuan, what is even more eye-catching is that the person being executed is actually Li Zhaohui, the former richest man in Shanxi.

　　In 2003, Li Zhaohui, who was urgently summoned back to China by his family because his father was shot and killed, was only 22 years old.

After taking over Haixin Steel, the largest steel group in Shanxi, in 2008, he became the richest man in Shanxi with a net worth of RMB 12.5 billion.

But the glory did not last long.

In 2014, when the crisis broke out, Haixin Iron and Steel ceased production, and declared bankruptcy in 2015. In 2017, the Shanghai High Court listed Li Zhaohui as a dishonest person and restricted his exit from the country.

　　Although it has been six years since bankruptcy, the recent appearance of this reward announcement undoubtedly shows that the debt crisis looming over the former richest man in Shanxi has not yet dissipated.

　　An accident, "steel second generation" emergency return home to take over

　　According to public information, in early 1987, Li Haicang raised 400,000 yuan to build a coal washing and coking plant. Since then, his tentacles have been extended to industries such as steel, investment, cement, and real estate.

Among them, the scale of the steel industry is getting bigger and bigger.

In 1992, Li Haicang established Shanxi Haixin Iron and Steel Group Co., Ltd., with total assets of 3 billion yuan at one time.

Li Haicang, who has gained a lot in his career, also sent his children Li Zhaohui and Li Zhaoxia to study in Australia.

However, an accident in 2003 caused Li Zhaohui to end his studies and was urgently recalled by his family.

　　According to media reports at the time, the murderer Feng Yinliang was a friend of Li Haicang. Due to business setbacks, he wanted to subcontract the land to others for forced sale to Haixin Iron and Steel Group at a price of 1.6 million yuan. After being rejected by Li Haicang, Feng Yinliang committed the murder. , And then committed suicide on the spot.

After Li Zhaohui returned to China, with the support of his family, he began to take over Haixin Iron and Steel, the largest iron and steel group in Shanxi.

　　It was also during the first few years when Li Zhaohui took charge of Haixin Iron and Steel Group that domestic steel prices were picking up.

Li Zhao will seize the opportunity to actively update equipment and expand production capacity.

In the second half of 2003, Haixin Iron and Steel Group invested 100 million yuan to build a blast furnace gas power plant and completed the renovation project of the blast furnace and converter.

In that year, the total output value of Haixin Iron and Steel Group exceeded 5 billion yuan, surpassing the previous years of performance.

In the second year, the total output value of Haixin Iron and Steel Group reached 7 billion yuan.

In 2008, by selling off the shares of Minsheng Bank he held, Li Zhaohui successfully cashed out more than 1 billion yuan and his assets reached 12.5 billion yuan, making him the youngest man in Shanxi.

　　Fall to the altar

　　Tens of billions of wealth are scattered and become "lao Lai"

　　But the good times didn't last long. With the downturn in the industry, Haixin Steel was exposed in 2014 that it owed its employees' wages for nearly half a year and owed more than 100 million yuan in taxes.

This once-prosperous company has fallen into a debt crisis.

In June of that year, Li Zhaohui, who could not survive, filed for bankruptcy.

In 2015, Haixin Iron & Steel went bankrupt, and Li Zhaohui's equity was also acquired.

　　At the same time, Li Zhaohui has to face nearly a thousand creditors.

According to the investigation by the Yuncheng Intermediate People's Court at that time, as of May 25, 2015, a total of 954 creditors declared a total of 23.409 billion yuan of claims, confirmed claims of 14.3 billion yuan, unrecognized claims of 2.39 billion yuan, and pending confirmations of 6.67 billion yuan. , The claims to be confirmed include tax claims, secured claims and ordinary claims.

　　In December 2017, the Shanghai High Court listed Li Zhaohui as a list of dishonest persons and restricted him from leaving the country; the notice issued by Shanxi Taiyuan Intermediate People’s Court in 2018 urging the person to perform statutory obligations also showed that Li Zhaohui had already become an "old man." .

At this time, Li Zhaohui has already begun to play "Evaporation of the World".

　　According to a reward announcement issued by the Shanghai No. 1 Intermediate People's Court last week, if you find Li Zhaohui and help the court implement all the funds involved in the case, the whistleblower will receive a bonus of up to 21.62 million yuan.

From Shanxi's richest man with a net worth of tens of billions to an "old Lai", Li Zhaohui finally failed to fulfill his promise when he took over Haixin Steel. Now, where he is hiding remains a mystery.

　　Chengdu Commercial Daily-Red Star News reporter Deng Lingyao