DeHeng Successfully Represented Client in Financial Crime Case Involving Over 100 Billion Yuan, Achieving Effective Defense

2024-10-31

Recently, the first-instance verdict was announced in a financial crime case involving over RMB 100 billion represented by DeHeng lawyers. The court adopted some of the defense opinions presented by DeHeng, resulting in a sentence for the defendant lower than the prosecution’s recommended penalty. This outcome demonstrates DeHeng’s effective defense strategy.

Case Overview 

The client, the former chairman of a NEEQ-listed company, was criminally detained and prosecuted on charges including loan fraud, obtaining loans by deception, and bill acceptance fraud. The prosecution alleged that the client, along with others, formed a criminal group that orchestrated backdoor listings of multiple companies in the United States. These overseas listed companies were then used to invest huge amounts of funds to buy stocks of multiple domestic listed companies, which were subsequently used as collateral to secure massive loans from financial institutions. The total amount involved in the case exceeded RMB 200 billion. If convicted, the accused would face a maximum sentence of life imprisonment.

Leveraging their multidisciplinary expertise, DeHeng’s lawyers meticulously analyzed more than 10,000 asset management plans, acceptance bills, and commercial loans involved in the case, clearing suspicions against the client one by one, and significantly reducing his criminal liability. The court ultimately adopted some of DeHeng’s defense arguments, delivering a first-instance judgment that was more favorable than the prosecution’s sentencing recommendation.