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Feng Xin of Storm Group was arrested for accepting bribes and embezzlement. What is the specific situation of the incident?
Recently, the Jing 'an District Procuratorate of Shanghai approved the arrest of Feng Xin, the legal representative of the criminal suspect Storm Group Co., Ltd., on suspicion of bribing non-state staff and embezzlement. At present, the case is being further processed.

On the evening of July 28th, 20 19, Stormwind Group (30043 1, hereinafter referred to as "Stormwind") announced that Feng Xin, the actual controller of the company, had been taken compulsory measures by the public security organs for suspected crimes, and related matters needed further investigation. The next day, Stormwind's stock opened at the limit, so it received an inquiry letter from Shenzhen Stock Exchange and was asked to explain why Feng Xin was taken compulsory measures by the public security organs. On July 3 1 day, Storm announced again that Feng Xin was detained on suspicion of bribing non-state workers. At about 9: 00 am on August 5, the Beijing headquarters of Stormwind Group was already full of investors of Stormwind Finance. It is understood that these people are investors of Storm Finance, and most of them are from other places, hoping to recover some losses.

Regarding the specific details of Feng Xin's bribery, although there is no further announcement on the storm, according to many media reports and sources, Feng Xin was suspected of bribery in the MPS sports copyright acquisition case of 20 16 Storm and Everbright Capital of 5.2 billion yuan.

Storm Group is in a very difficult situation at present. The company participated in the acquisition of MPS by Baptist Fund, and is being sued by many investors, facing huge claim risk. Storm TV business is almost paralyzed. The company admits that it will do its best to eliminate risks by accelerating product structure adjustment, actively communicating with suppliers and restructuring debts, reducing redundant business and innovating financing channels.