Interface News Reporter | Li Biao
After "Lie Gun" was involved in the "30 billion carrot seal case" of the "Chengxing faction," JD.com responded to the lawsuit filed by Noah Wealth.
On December 4th, JD Group issued a statement through its "JD spokesperson" Weibo account, stating that JD, as an uninformed victim of the "Chengxing case," was involved in a four-year malicious lawsuit, causing significant damage to the company's reputation and rights. Regarding Noah Wealth's recent lawsuit against JD.com, JD.com expressed that it is "unimaginable", believing that Noah Wealth's malicious lawsuit against JD.com after the first instance judgment is completely confusing the public, shifting responsibility, and continuing to mislead investors and the general public to find "scapegoats" for themselves.
Image source: Weibo
The statement points out that in the process of contract fraud under the "Chengxing Group", the "Chengxing Group" company easily deceived Noah Wealth, known as the "global comprehensive financial platform," and its Gefei assets by using fake JD official seals, fake JD employees, fake JD systems, and false transaction data, and obtained huge financing from Gefei, which directly caused a mine explosion. According to public information, Noah Wealth has experienced more than ten similar incidents in recent years, facing problems in the redemption of billions of funds, and has repeatedly concealed information from investors. It has also been warned and punished by regulatory authorities, indicating its long-term serious risk control deficiencies.
In 2019, Luo Jing, a well-known female entrepreneur and known as the "Mulan of the Business World" in the industry, was arrested for a high price fraud case under her name, the "Chengxing Series" (which mainly consists of three listed companies under Luo Min's actual control, including A-share Boxin Holdings, Hong Kong based Chengxing International Holdings, and Singapore based CamsingHealthcare). According to the court ruling, the "Chengxing Group" company falsely increased its accounts receivable and fraudulently obtained financing funds through a series of means such as engraving the seals of JD and Suning companies, impersonating JD and Suning employees, intercepting and forging accounts receivable debt confirmation documents.
At the time of the incident, multiple financial investment institutions including Xiangcai Securities, Yunnan Trust, and Shanghai Gefei Asset Management Co., Ltd. (hereinafter referred to as "Gefei Asset") under Noah Wealth were involved, with a cumulative fraud amount of more than RMB 30 billion, resulting in a total economic loss of more than RMB 8 billion for the above-mentioned victim units. Among them, Gefei Asset under Noah Wealth provided supply chain financing to third-party companies related to Chengxing International Holdings, with a involved amount of up to 3.5 billion yuan.
On November 1, 2022, the Second Intermediate People's Court of Shanghai made a first instance judgment on the Chengxing case. Luo Jing, the actual controller of the "Chengxing Group" company, was sentenced to life imprisonment for committing contract fraud and bribery against non-state employees. More than ten members of the "Chengxing clique" involved in the case have also been sentenced in accordance with the law.
On November 24th of this year, Noah Wealth filed a lawsuit after being struck by lightning, not only suing the mastermind of the fraud case, "Chengxing Series," but also listing JD.com as a co defendant. Noah Wealth demands that JD.com jointly bear all the losses identified in the "Chengxing Series" criminal case, totaling over 3.5 billion yuan. The relevant lawsuit was heard in the Shanghai Financial Court on the same day.
According to an exclusive report by Interface News, several legal professionals have expressed that Noah Wealth's debt collection from JD.com is not optimistic. One reason is that the first instance criminal case of Luo Jing, the actual prosecutor of the "Chengxing Group", has clearly determined that the relevant contract seals are all forged, and JD's employees are also played by employees of the "Chengxing Group"; The second is that Noah Wealth has employees who work both internally and externally.
The key figure in the Chengxing case, Fang Jianhua, the "insider" of Noah's wealth, surrendered himself when the case occurred in 2019. In March 2021, the People's Court of Yangpu District, Shanghai made a first instance judgment, sentencing Fang Jianhua to three years in prison and a fine of 100000 yuan for the crime of accepting bribes by non-state personnel.
According to the disclosed judgment documents, during Fang Jianhua's tenure as Senior Deputy Director of the Gefei Fund team, he received bribes exceeding 2 million yuan from "Chengxing" personnel, and cooperated with internal and external cooperation to forge JD and Suning's work cards, impersonate identities, and other methods. However, there were no employees of JD or other companies involved or informed.