Yingu Wealth Investment Management Co., Ltd. is headquartered in Beijing. On April 3, 2020, Chaoyang Branch of Beijing Public Security Bureau filed an investigation on the company's alleged illegal absorption of public deposits. According to the information reported by Beijing police, the company has set up 665 stores nationwide through P2P online lending, involving 23 stores in Heilongjiang Province, including Harbin 14, Mudanjiang 2, Jiamusi 3, Daqing 3 and Shuangyashan 1.
On April 14, according to the unified arrangement of the Ministry of Public Security and the Heilongjiang Provincial Public Security Department, the public security organs of six districts and two counties in Harbin respectively filed a case for investigation on the branch of Oriental Yingu (Beijing) Investment Management Co., Ltd. for the crime of illegally absorbing public deposits. After investigation, since its establishment in 20 13, the company has signed a creditor's rights transfer agreement with investors through P2P online lending platform, and publicized it through offline stores and the Internet, promising investors capital preservation and high interest return with an annualized rate of return of 9%- 12%. Through the combination of offline creditor's rights transfer mode and offline mode, more than 30,000 participants10 in Harbin and surrounding areas were illegally absorbed, with a capital of over 100 million yuan.
After careful investigation, the task force successively arrested Guo Moumou and other 18 suspects, combed hundreds of thousands of accounts, investigated and collected more than 2,000 people, and took criminal compulsory measures against 80 suspects in accordance with the law, making a breakthrough in case investigation. In the next step, the public security organs will further carry out investigation and evidence collection, pursue and recover, minimize economic losses, and lay a solid foundation for the smooth litigation and asset disposal of the case.
Related Q&A: Is there this company in Oriental Silver Valley? Yes
The full name of Oriental Silver Valley is Oriental Silver Valley (Beijing) Investment Management Co., Ltd., which was established in 2007 and its president is Sun Min, a financial company.