Zhongxin Finance, March 22. Recently, the Sichuan Banking and Insurance Regulatory Bureau released 17 fines against Sichuan Trust at one time, involving 17 people and a total fine of 7.85 million yuan.
Among the 17 administrative penalty information disclosure tables, Liu Jingfeng has the highest amount of personal fines. The specific penalty decision is to cancel Liu Jingfeng's executive qualification for 10 years, a warning and a fine of 1.56 million yuan.
According to the 2019 annual report of Sichuan Trust, as of April 2020, Liu Jingfeng was the deputy secretary and president of the Sichuan Trust Party Committee.
The Sichuan Banking and Insurance Regulatory Bureau determined that Liu Jingfeng was responsible for 11 violations of Sichuan Trust: 1. Unsound corporate governance, illegal development of inherent loans and trust business, and capital flow to shareholders and their related parties; Loan funds were misappropriated to repay other inherent loans of the company; 3. Conducting trust business in violation of regulations, and misappropriating trust property for purposes other than trust purposes; 4. Conducting non-standard fund pools and other businesses with shadow banking characteristics in violation of regulations; Loans are used to purchase equity in financial institutions; 6. Conduct structured securities trust business in violation of regulations; 7. Promise that the trust property will not suffer losses or guarantee minimum returns; 8. Invest in different trust plans managed by the company in the same project; 9. Penetration Afterwards, the number of natural persons who entrusted a single trust plan with an amount of less than 3 million yuan exceeded 50;
In addition, the Sichuan Banking and Insurance Regulatory Bureau imposed administrative penalties on Liu Canglong, Xiangyou, and Chen Jun, respectively, banning them from working in the banking industry for 10, 8, and 8 years.
According to the 2019 annual report of Sichuan Trust, as of April 2020, Liu Canglong was the actual controller of Sichuan Hongda (Group) Co., Ltd. and Sichuan Hongda Co., Ltd., and the two companies held 32.0388% and 22.1605% of Sichuan Trust respectively. .
In June 2020, Sichuan Trust issued an announcement stating that due to the global economic downturn, the new crown pneumonia epidemic and the suspension of TOT trust products, some financing companies could not return trust funds on time when they expired, resulting in failure of some trust products to be distributed on time.
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