Listed fail on foot boss Philippines arrested
Local Economic Investigation detachment of a police officer told the "Daily Economic News" reporter, Zhiqiang on foot to the Philippines, has now been captured, is about to escort returning. "This is the case in recent years, the Tangshan area, involving a relatively large amount and the number of people's report, it may be illegal fund-raising or fund-raising fraud."
 
According to ensure strong steel employees, Zhiqiang liabilities up to 18 billion yuan, of which about 1.3 billion yuan of bank loans, while the remaining $ 5 million from private fund raising, and other iron and steel enterprises counterparts borrowing. The argument, however, the reporter failed to verify.
 
Earlier, media reports said Chen Zhiqiang, bank debt of 800 million involved in Tangshan local only to the private fund raising amount may be as high as 300 million. Outward direct borrowing by Chen Zhiqiang, and ensure strong steel, and the number of associated multi-level lending or as many as 1,000 people.
 
But the local official could not confirm these data, can not give a specific amount of Zhiqiang liabilities, as well as with money on foot.
"We flat mound village of 856 people can be said that 90% of people are suffering, outward direct borrowing by Chen Zhiqiang, and ensure strong steel, and the number of associated multi-level borrowing far more than 1000 people." Li Deqing his brother said.
 
At present, Tangshan police officers rushed to the Xinjiang forensics, the case is under further investigation.
 
Ensure strong steel an informed staff, said Chen Zhiqiang, on foot most likely in the capital chain rupture suddenly, a large number of borrowers unable to repay under pressure to take drastic action.
It is reported that Chen Zhiqiang, is engaged in the steel industry started. In 2003, he initiated the preparation ensure a strong steel, and by planning for Cold Drawn Steel Co., Ltd., Tangshan Kai Xin.
In 2005, the successful transformation of Paul's strong steel equipment, the domestic industry's most advanced rolling equipment. Paul's strong steel official website information, annual production and sales of 300,000 tons, the output value of about 1 billion.
 
Beginning in 2006, Chen Zhiqiang, one after another construction in Xinjiang Hao Feng Steel, Usu Cheow Tong casting companies, a total of five companies. In 2007, the "Bird's Nest" supplier; 2008 digital production line, the introduction of the world's most advanced German company Siemens.



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