On January 10, 1990, Shen Changsheng announced to the public that it would stop making profits, acknowledging that Hongyuan may stop business at any time. In order to ensure that investors' funds can be returned smoothly, Hongyuan cannot go bankrupt. He declared that the repayments would be made according to the plan. In this way, Hongyuan distributed profits again and again. After struggling for half a year, the Investigation Bureau finally intervened. On August 20, 1990, the Investigation Bureau of the Ministry of Justice mobilized personnel to search 33 Hongyuan strongholds and the residences of important cadres throughout Taiwan, and detained or interviewed 28 people, including Shen Changsheng, legislator Abdullah, and others.
There are more than 30 other important cadres on the interview list. This search is the largest number of people mobilized in the Shadow Making operation tArticle 15 of the "Company Law": To conduct business other than registration. Due to the huge organization of Hongyuan, it has invested a lot of money in the stock market, involving 160,000 investors and nearly 100 billion in funds. How will follow-up investigations and judicial trials be conducted? They all asked the relevant units to be cautious, fearing that they would cause public grievances and cause public protesters if they were not careful. self-help, reconciliation After more than three months of investigation by the District Prosecutor's Office, a total of 81 people, including Shen Changsheng, Yu Yongming and other important officials, were prosecuted for violating the Banking Law, the Company Law and the Criminal Law of fraud.
In addition to reinvesting the funds that Hongyuan Institution defrauded in various branches, it also invested a lot in real estate. A total of 641 real estates were seized. The total seized real estate, movable property, stocks, creditor's rights and other assets is estimated to be worth more than 23 billion yuan. The prosecution does not rule out Hongyuan hiding assets or transferring funds abroad. More about this source textSource text required for additional translation information Send feedback Side panels