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在线翻译:
szdaily -> News -> 
Man prosecuted for P2P platform fund-raising fraud
    2018-04-10  08:53    Shenzhen Daily

THE owner of a financial firm based in Shenzhen was recently prosecuted by the Shenzhen Municipal People’s Procuratorate for suspected fund-raising fraud for using its online platform without a legal financial license, sznews.com reported.


The procuratorate has already filed charges against Chen Qing, who launched the online platform to raise funds for an investment project.


However, the company, Shenzhen Qianhai Zhongren Internet Finance Service Co. Ltd., had not been granted a legal permit to provide P2P services at that time.


The procuratorate has issued a public announcement on its official website, informing people who have fallen victim to the illegal operation of the P2P platform of their right during the company’s court hearing, as the number of victims is so large that the prosecutors couldn’t contact every single victim.


Separately, investors from around the country complained that they couldn’t withdraw the money that they had invested in a Nanshan-based P2P platform recently, the Southern Metropolis Daily reported yesterday.


According to a man from Dalian City in Liaoning Pro-vince, his mother had invested 200,000 yuan on Qianfubao P2P platform, which promised annual interest rates of up to 13 percent.


The man, surnamed Li, said the platform’s returns were so much higher than depositing money in traditional banks that it attracted many investors, especially seniors.


Li said his mother told him that she had problems withdrawing money from Qianfubao since Feb. 10.


Another investor from Qinghai Province also encountered the same problem. The female investor, surnamed Chen, said she started investing in Qianfubao in August 2016 and she now has 900,000 yuan on the P2P platform. “I started with a small amount of money and received regular returns from the platform for over a year. Then I recommended Qianfubao to my relatives, who have put a total of 1 million yuan on it,” said Chen, adding that both she and her relatives couldn’t take their money back from the P2P platform.


The report said the P2P platform has now stopped accepting new registrations. The financial company claims on the home-page of its app that all the money invested on Qianfubao is insured by China Pacific Insurance Co. (CPIC), but investment returns are not guaranteed.


According to the registration information, Qianfubao was launched by Qianhai-registered Shenzhen Kuokong Equity Investment Fund Management Co. Ltd. A person in charge of the accounting center of Qianfubao refused to make any comment on the investors’ withdrawal difficulties.


Qianfubao made a notice on its app Feb. 28, saying that the platform was assisting the authority’s investigation as it has not obtained a business license. But it said it was expected to resume operation March 13.


Nanshan police launched an investigation into Qianfubao on March 28. (Zhang Qian)

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