Category: Money tips Release Date: 2007-02-26
Yesterday, 17:55, Wuhan City Intermediate People's Court. Court dusk gradually sink, and the court room lights. After two days of trial, the case of a two-day trial Delong main curtain has finally fallen. Outcome of the trial court did not gave their announcement.
The two sides of the face indicates the prosecution and the defense a bit tired, a tense day of debate on the mental and physical are a great test. But for the crowd to attend, the prosecution and the defense the fierce confrontation rhetoric, long, deep aftertaste.
Tang Wanxin claiming to be a very strong sense of guilt
Wuhan message (correspondent Chaumeau Ye Fair) yesterday, the trial court debate, Tang Wanxin made about 10 minutes or so the self-defense.
Tang Wanxin First, the allegations made by the crime of illegal deposit-taking self-defense, for the establishment of Shanghai Union participation in the new trust to rescue King elaborated on the good motives, he said, Shanghai Union was established in response to the core idea is to join the WTO, development, investment 5 types of trades that the introduction of new financial services, comprehensive customer service, but later evolved to deal with the crisis organization. In fact, Delong was only the Xinjiang Tunhe the new trust for the payment of 100 million yuan invested. No matter if it was up to also losses 1 million a. Tang Wanxin, said the main consideration to the grant of new trust bankruptcy, will affect a large number of customers in Xinjiang, and decided to save the new Gold Trust, the results of the crisis delayed. But it seems is to use "poison antidote," and finally to Delong also dragged down the water.
Tao-wu-ping in the defense lawyers said the commissioning of a financial management background and the defendant Tang Wanxin trust management claims the real motive, as well as the case before the Department of Tang Wanxin surrendered the initiative to report to the government, led by Tang Wanxin Delong Group, the country's contribution has been done , the court should be considered.
For the public prosecutor's manipulation of prices of securities transactions on charges of crimes, Tang Wanxin said in self-defense, 2001 years ago, the proportion of Xinjiang Delong buy shares only 40%-owned to 50%, and is distributed to multiple clients. Overweight and concentrated holdings are passive, because at the end of a run and keeping promises the emergence of the ultimate holdings to 90%. Delong has never been the intention of a premium. Delong before the crisis have been put up 5 billion years, the crisis occurred after an increase of 5 billion investment guarantees, the crisis did not transfer risk, but rather the risk of lead itself.
Tang Wanxin said concentrated ownership in China is innovative, and later evolve into the share price has absolute influence is caused due to a run, not the intention. Tang Wanxin described in self-defense in the process of dealing with Delong crisis: crisis, the first time, sent to various places to deal with their own inability to treatment, they report to the SFC in the first time, went abroad to return home after the first time treatment.
The defense counsel from the defendant to focus hold "The youngest shares" motive for the crime of capital ownership, profit targets and profitability, operational procedures and operating methods for their own reasons for price increases, price changes and the resulting legal consequences and other aspects factor analysis, for manipulating stock prices charged to defend the allegations made by Zuiqing. Counsel that the accused Tang Wanxin pooling of resources, long-term holders of "The youngest unit," is learn from Buffett's holdings focus on theory, its operating principle is to strong and listed companies to enhance the long-term equity value and customer share, while not short-term investments, and the general behavior of PLAY essential difference. Prosecutor accused the so-called "self-purchased from selling" has not a general sense, the market makers for raise the price of self-purchased from selling acts of the defendant's illegal profits only "vested profit" is not the "final profit."
Tang Wanxin in self-defense, said the incident since he personally was very painful, guilt, and guilt are very strong, fully subject to the court's decision. Stage of his final statement in court, the accused Tang Wanxin once again that obey the court's decision.
Authoritative analysis of the case hearing process shows that verdict to be down after the Spring Festival.
The Chinese New Year, Tang Wanxin will continue to Detention Center in Wuhan, spent the second.
Prosecution and the defense had heated discussions both
Wuhan message (correspondent Chaumeau Ye Fair) After January 19 the day the court to investigate and cross-examination yesterday, nearly 9 hours of hearings on the theme of the court debate. With TAO Wu Ping, Pei-Xin-member defense team, and Wei, National and other prosecutors raging, and the Delong institutions and personnel involved in the main case of Zuiyufeizui launched a three debates.
The first round of arguments on both sides a clear view
9 am, the court sessions on time. The number of observers Jiaoqian Ri yesterday to appear even more scarce, which led the DeLong Tang Wanli high-level and account for a considerable part of the families of the accused.
Started 20 minutes less than the first day of the court cross-examination of the accused Yang conducted cross-examination. Then the court formally entered the debate. All the accused and legal representative of all units of the defendant to appear, Tang Wanxin the front of the other defendants in court, sitting in a row, three units of the proceedings the defendant in the right front seat representative.
9:20, the prosecutor began to read out the indictment, National Wei word, lasted 25 minutes, the contents of the indictment and the indictment is similar. Then the court adjourned for half an hour.
10:15, defense lawyers started on three counts of legal entities and whether the defendant carried out the first theory of the defense establishment. International and Xinjiang Delong Delong was charged with the crime of manipulating stock prices, the Shanghai Union was charged with the crime of disguised deposits from the public. But the lawyer's opinion, the three unit charges are unsubstantiated.
Delong international defender lawyer Yanagidaira Wuhan, Zhang Jian believes that testify for the prosecution of Delong shares some of the youngest international manipulation of data unclear facts sufficient to support the charges. Xinjiang Xinjiang Delong Delong's counsel that the act did not constitute a crime of manipulating stock prices.
Since both sides are more fully described point of view, the three corporate units of a defense lasted more than two hours. From 11:45 am to the end of the trial.
Tang Wanxin to defend himself
13:15, the court continued trial to begin on charges of Tang Wanxin debate. Tang Wanxin I argued that the late Union has become a crisis management institutions, (do trust management) is to save the gold of new trust, the results of the crisis drag on, is not "using poison antidote." Tao Wuping lawyer also made a 1 hour and 5 minutes to be heard, the Tang Wanxin on charges of illegally soliciting deposits from the public was not guilty defense on charges of manipulating stock prices of their doing Zuiqing defense. Tao-wu-ping said, accusing Tang Wanxin guilty of the crime of illegally soliciting deposits from the public in violation of "legality" principle, in accordance with "law-free crimen sine lege" principle, the violation should be entrusted to a civil areas of financial management.
The next one and a half hours, lawyers for the Li Qiang, Yang followed by the other defendants to defend. Among them, Li Qiang, Hong-Qiang, Zhang Long, who made a guilty plea, Yang denied the crime of misappropriation of funds, Wangen Kui Dong AD were pleaded not guilty.
After another half an hour recess, the prosecutor began to reply. Prosecutor to stress again that as long as the trust management have a fixed income, Paul at the end, it should be classified as a disguised form deposits from the public.
The court will choose a sentencing date
17:10, the debate entered its final stage. Prosecution and the defense both in the short span of 45 minutes time, has conducted two rounds of debate on one's own point of view from different angles were added. As the defense lawyers for the defense of a number of the accused were not guilty, prosecution representative suggested that the defense for acquittal after the Tang Wanxin and others surrendered to the circumstances at the sentencing should not be considered; this, defense lawyers and prosecutors carried out an intense The debate, counsel for the defense of innocence is a lawyer defending an independent point of view, should not harm the interests of the everyday.
Across from the time trial at the end. Gao Yong, the chief justice announced that the views of both defense and prosecution, the court have been put on record the views of the Full Court will be fully consultative parties, choose a sentencing date. Delong's fate would be left to the official verdict announced. A total of 3 1 [2] [3]
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