The first finance and economics reporter learned exclusively that the case of Xue Feng, former chairman of Everbright Securities Company Limited(601788) company, has ended the review of the Central Commission for Discipline Inspection, and the case has been transferred to the procuratorial organ for public prosecution.
The reporter learned from people close to the task force that Xue Feng is suspected of two violations of law and discipline. One is dereliction of duty and the other is bribery. The former is related to the acquisition of MPS by Everbright capital and Fengfeng Group, while the latter is not related to the MPS case – the reviewers did not find Xue Feng’s bribery in the MPS acquisition case. His bribery is related to the appointment of personnel in office.
After Xue Feng was reviewed, Everbright Securities Company Limited(601788) at least three important functional cadres were reviewed, including Dai Weiguo, former chairman of Everbright capital, Du Xiongfei, general manager of Everbright Securities Company Limited(601788) fixed income headquarters, and others.
A few days ago, the website of the Central Commission for Discipline Inspection and the State Supervision Commission released a report on the feedback of the central fifth inspection team to the Party committee of guangzai group.
The rectification opinions put forward by Yang Zhengchao, the leader of the inspection team, include: strengthening the supervision and management of key posts, especially the “top leaders”, carrying out in-depth warning education in combination with typical cases in the financial field, and promoting the integration of not daring to rot, not wanting to rot.
The above-mentioned supervision and management problems of “top leaders” have been fully exposed in a series of mine stepping incidents of Everbright Securities Company Limited(601788) in recent years.
Everbright Securities Company Limited(601788) subsidiary Everbright capital has undertaken the bad risk of nearly 5 billion yuan due to the “difference supplement letter” signed in the MPS acquisition project. MPs project exposed risks in February 2019.
Two months later, Xue Feng resigned from the post of Everbright Securities Company Limited(601788) chairman.
In August 2020, Everbright capital was judged by the court of first instance to pay a total of more than 3.5 billion yuan to China Merchants Bank Co.Ltd(600036) and Huarui bank. In July of the following year, the original judgment was upheld in the second instance.
On January 21, 2022, Everbright Securities Company Limited(601788) announced that the 2021 annual report will continue to accrue 733 million yuan of estimated liabilities for MPS project.
Thus, in the four years from 2018 to 2021, Everbright Securities Company Limited(601788) has accrued estimated liabilities for MPS project for three consecutive years, with accrued amounts of 1.4 billion yuan, 1.611 billion yuan, 1.55 billion yuan and 733 million yuan respectively in four years, totaling 5.294 billion yuan of losses borne by MPs project.
The first financial reporter previously learned that the MPS M & A case was forcibly passed by bypassing the risk control system in Everbright Securities Company Limited(601788) internal, which reflected the vacancy of the “top leader” right supervision. At that time, Everbright capital was headed by Xue Feng’s love on behalf of Weiguo as the “top leader”, and Xue Feng’s preference for Everbright capital resulted in the approval of the project without the deliberation of Everbright Securities Company Limited(601788) president’s office, the board of directors and the discussion of the Party committee.
The reporter learned that in the preliminary examination and determination before handing over to the procuratorial organ, Xue Feng had the plot of dereliction of duty in the MPS case, but he was not found to be suspected of taking bribes in the MPS case.
In 2013, Everbright Securities Company Limited(601788) “8.16 Oolong index” incident, Xu Haoming, the former president of Everbright Securities Company Limited(601788) at that time, regarded the strategic investment department in charge of Yang Jianbo as an innovation and investment weapon, resulting in the quantization Department bypassing the risk control management procedure.
The inspection opinions mentioned that Everbright Group has the problem of promoting the financial sector to return to its origin and focusing on its main business. In Everbright Securities Company Limited(601788) terms, Xu Haoming’s innovative business and Xue Feng’s M & a business are far away from the essence of securities companies as market intermediaries.
Important individuals who really involve economic interests in the MPS acquisition case include Dai Weiguo mentioned above and Xiang Tong, the manager of Everbright capital MPs project.
Xue Feng is suspected of taking bribes, which may be related to the appointment and removal of cadres when he was in office.
On November 17, 2021, Du Xiongfei, manager of Everbright Securities Company Limited(601788) fixed income headquarters, was informed by the supervision committee of Heilongjiang Provincial Commission for Discipline Inspection and is under investigation. According to the first financial reporter, Du Xiongfei previously worked in the Citic Securities Company Limited(600030) fixed income department. Due to the relationship of a Dalian businessman, Du Xiongfei met Xue Feng and submitted the “investment certificate” to him. Du Xiongfei changed from Citic Securities Company Limited(600030) to Everbright Securities Company Limited(601788) . According to his work experience, Xue Feng has 13 years of work experience in Dalian.
Du Xiong flew to Everbright Securities Company Limited(601788) and got a quick promotion. He was directly promoted from the business Post sequence of managing director to the general manager of management post sequence, jumping two levels in a row.
The above inspection feedback mentioned that there is still a gap in the selection and employment of Everbright Group and the construction of cadre talent team, and the role of fighting fortress of grass-roots party organizations is not fully played.
The feedback information of the inspection team also shows that the inspection team has also received clues reflecting the problems of some leading cadres, which have been transferred to the Central Commission for Discipline Inspection, the State Supervision Commission, the central organization department and other relevant parties for treatment in accordance with relevant regulations.
