At the beginning of 2010, Guo Wengui, in the name of the defendant unit Pangu Company, borrowed money to the Agricultural Bank of China Limited, ordering the defendants Yang Ying, Lv Tao and Xie Honglin to make a false construction contract of the fifth Urban Construction Company on the grounds that the fine decoration project of the four areas of Pangu Daguan needed funds. Pangu submitted false materials to the Asian Games Village branch of the Agricultural Bank of China, defrauding the Agricultural Bank of Chinas Asian Games Village branch of issuing a loan of 3.2 billion yuan.
According to the prosecution charges, pangu company then to the agricultural games village branch provided false urban construction five company 3.2 billion yuan invoice, make the loan by the pangu company in the games village branch loan supervision account to urban construction five companies in huaxia bank east four branch account, and by the urban construction five company all back to pangu construction bank branch account. Later, the audit had to repay the loan because that the actual use of the loan was not consistent with the loan contract. Yang Ying, the defendant and then chief financial officer of Pangu Company, said in a statement that in 2010, Guo Wengui decided to borrow money from the Agricultural Bank of China due to the companys financial shortage during the construction of Pangu Daguan. When applying for a loan from Agricultural Bank of China, she reported to Guo Wengui that she needed to provide financial statements when applying for a loan from Agricultural Bank of China, and it was profitable for three consecutive years, but the companys financial statements were in the red, and she might be unable to apply for a loan after providing it to the bank.”So I said to do a set of false financial statements with low asset-liability ratio and high profit margin, which can reflect the profitability of the companys performance. Guo Wengui asked me to be in charge of the implementation.”Yang Ying said.
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