It may take decades of hard work and effort to become a rich man, but the speed of decline may only be a few days. Sun, once the richest man in Ningxia, finally came to an end. On August 24th, Yinchuan Intermediate People's Court issued a notice saying that the court heard the case of Baota Group and Sun Bill Fraud. 20 13, Baota group suffered a large-scale loss. As the chairman of the board of directors, Sun sent someone to set up a financial company in an attempt to solve the problem of capital shortage of Baota Group, knowing that the group was not qualified to apply for setting up a financial company.
According to the data disclosed by Shanghai Clearing House, as of the end of September 20 18, Baota Group had total assets of 66.85 billion yuan and total liabilities of 34.056 billion yuan, including current liabilities of 25.935 billion yuan, up to 7.6 15%. The current liabilities of Baota Group are mainly notes payable and short-term loans, which are 164 1 100 million yuan and 4.385 billion yuan respectively. At present, the father-son bill fraud case of 28.4 billion yuan has ushered in the first instance.
Sun was born in Ningxia and has been engaged in education for ten years. At the age of 65,438+09, he got the admission notice of northwest university of politics and law, and later entered the Law Department of Lanzhou University to teach. His students spoke highly of him, and now it seems ironic. After all, he is still a professor of law.
At that time, with the upsurge of doing business in the sea, Sun Yiran embarked on this road and founded a business agency in his hometown of Gansu. However, at the beginning, poor management, irregular market and other factors led to a lot of money owed, but Sun was honest. Instead of evading debts, he receives people who come to collect debts every day and explains that he will definitely pay back the money.
He kept his promise and finally paid off all the money in three years. Later, he started his own business. It has successively acquired a closed small refinery in Nanliang Farm, a suburb of Yinchuan, and a chemical additive factory in petrochemical industry under Lingwu Mining Bureau. After technical transformation, he put into production. Later, Yinchuan Baota Chemical Additives Co., Ltd. was established, and the pagoda empire was founded.
After decades of development, this small refinery has become a private energy giant in the west. In 20 15, Baota group also became the first and only private petrochemical enterprise in northwest China to obtain the qualification of crude oil use, and obtained the quota of imported crude oil of 6160,000 tons/year.
At the same time, perhaps because he was a teacher before, he also attached great importance to the development of education. 1999 Invested in Yinchuan University as the president. Then, he was hired as a part-time professor by Shandong University, Lanzhou University, China Youshi University, Ningxia University, North University for Nationalities and other universities, and became a school administrator, with a good reputation. It can be said that during this period, his reputation and interest were fruitful.
Originally, the business in the energy field was very hot, and suddenly it began to engage in finance. Baota Financial Holdings and Baota Financial Company were established one after another. But it may also be confirmed that because of this, many loopholes have been found in the issuance and listing of pagoda bills. The financial report released by Baota Industry, a listed company of Baota Group, shows that from 2009 to 20 19, Baota Industry achieved profit in only four years, and lost money in the other two years, and the third year was.
At present, from 2065438 to September 2009, an execution ruling made by Yinchuan Intermediate People's Court shows that Baota Petrochemical Group Co., Ltd. is about to enter bankruptcy proceedings, and there is no other property available for execution under the company name. Sun himself has become "Lao Lai". As the richest man in the past, it is somewhat ironic. In this case, facing the court's trial, it is likely to be jailed.
In the past 20 years, Sun spent a lot of sweat and energy to build his own pagoda empire. It only took two years to close down, and the process from exposure to trial was unprepared, but it also reminded many related established enterprises that it is best not to play capital games. Many rich people have ended up like this, and future generations should take this as a warning. what do you think?