Photo: Huagai Chuangyi
A Jilin Wine Maker in Loan Fraud Scandal
Nation, page 9
Jiufeng Jiuye Company, a well-known wine maker in Jilin province, has had its assets seized in an investigation related to loan fraud. Li Shujun, the company's boss was arrested on suspicion of swindling loans from a branch of Agricultural Development Bank of China in Jilin province's Lishu county.
An anonymous policy officer told EO that the amount of fake loans exceeded 260 million yuan, and Fei Jingdong, the branch manager was arrested for investigation.
A source told the EO that, in recent years, Li Shujun had often visited various casinos, especially in Macao, and he had lost up to 90 million yuan gambling there.
Original article: [Chinese]