China Heavy Duty Truck Involved In Qilu Bank Fraud Case &Nbsp, Amount 500 Million Yuan.
In January 13th, China Heavy Duty Truck (000951) announced that the Ji'nan branch of China Heavy Duty Truck Co., Ltd., a subsidiary of the company, had a deposit of RMB 500 million yuan in a case involving forged financial ticket cases. The deposit was related to the forged financial ticket case.
The announcement indicates that the deposit is related to the forged financial ticket case.
Before the company found that there were flaws in individual documents, it immediately reported to the public security organs.
The company is actively seeking support from the government and the judiciary for the preservation of the deposit.
As of today, in addition to the above 500 million yuan deposit, the company has no business dealings with a bank involved in forged financial ticket cases.
The 500 million yuan account for 2.5% of total assets of China National Heavy Duty Truck, accounting for 2.2% of the company's operating income in the first three quarters of 2010.
The company made a profit of about 700 million yuan in the first three quarters of 2010.
According to the Shanghai Securities Daily, Paul Liu, director general of China heavy duty truck, said in an interview with reporters that the bank was the Qilu bank.
Paul Liu said that in addition to the bridge box company involved, up to now, no other affiliated companies have been found. The company is now fully self-examination, and cooperate with the judiciary to strive to preserve the deposit, making the company less vulnerable.
The company will continue to disclose the progress of the case and its impact on the company.
At the end of last year, the Ji'nan Public Security Bureau in Shandong seized a case of fraudulent funds, which involves a large number of financial institutions and enterprises in Ji'nan.
After the rumor that there was a run on Qilu bank, officials later said that Qilu bank is running normally, and the deposits of residents and social units are safe.
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