“57 billion cakes, 100 million platings, 11 pits. The government has been working on the issue of the human rights of women.

A trader from Fujian, who had spent four years running eight provinces and 11 districts and municipalities, had entered into investment agreements, with a total commitment of $5.7 billion. As a result, the project was winding up, and instead he stole over $100 million from the local governments for the recruitment subsidy.

Then the people ran away.

Five and a half billion investment baits: 100 million dollars of subsidies to be stolen from the merchant, Huang, evaporates.

In July 2020, the Yangji city of Yongjiang was contracted by the Xinjiang newspaper to make a total investment contract of $1.06 billion with Huang Xiaohui's controlled solar radial power. A one-time investment of 380 million yuan was agreed for the construction of a production line for smart cameras, which is expected to produce 5 billion yuan per year after the birth.

Within six months of the signing of the contract, Huang Chi Bin established the company Ron Ga-sheng locally and received a government subsidy of $2.518 million in three separate instalments for “define work on the site” “project completed”.

Third-party validation found that the actual renovation of the project and the investment of equipment cost only $640.5 million. It is funny that the company actually does not actually operate in the “high-end” industry, as originally agreed, but in the assembly of older mobile phones.

After the third subsidy, Ron Gae-hyun began to refuse to pay rent and utilities, and the arrears and interest were rolled to over $3 million, so far it has not been possible to effect the payment. The subsidy of $25.18 million was transferred in the name of “improvements” and “equipment payments” respectively, prior to the indictment.

Five and a half billion investment baits: 100 million dollars of subsidies to be stolen from the merchant, Huang, evaporates.

Not only was the dragon rock tricked, but it was the same play that was played in 11 locations across the country.

In December 2019, Huang, through the company Control, entered into an investment contract of 690 million yuan with Jiangxi Wanan County. The project started with mobile camera assembly, 15,000 square metres of plant, less than 2,000 square metres of actual use and only 78 people working every day.

After the incident, the police investigation found that he had used a false contract to borrow 2,635,000 yuan from the renovation subsidy, equipment subsidy and industry-led funds.

In July 2022, Huang and Jiangxiiningdu County entered into an investment contract of 1 billion yuan, which would enable them to pay more than 80 million yuan a year after reaching the target. As a result, the project was signed up to a bad end for only one year and six months. The company has provided equipment for local inputs at an assessed market price of $1.76 million. In December 2024, the company was listed as a letter-breaker and was filmed in both auctions of equipment.

According to the public information, between 2018 and 2022, Huang has signed investment agreements with 11 municipalities in eight provinces, with a cumulative commitment of $5.7 billion. Of these, the total amount of subsidies granted to the four local governments is over 100 million yuan.

At present, the Hong Kong Hen Yonggwang Electric Group Ltd., which has 100 per cent of its shares, has been declared closed and individuals have been investigated by the public security organs of Hubei Yang, Jiang Siwanan and Yongjiang, respectively, for contract fraud and have fled the Internet. But it remains to date.

In the above-mentioned case, there was one particular case in which before the signing of the contract with the opening area of the Dragonstone City, the company and Huang Chi Bin had several bank loans that had been overdue and had not been repaid, and the company had also been in arrears for salaries of its employees.

Why would a company like this have a problem with money? Why would it go all the way and end up making billions?

Because he's right, local governments need to get their business performance.

In the first instance, in the official interpretation, the court, in its criminal judgement against Wang, the head of the commercial bureau of the Longstone city, Wang, mentioned that Huang Chi Bin, Hen Yong-ray and its associated companies had several contentious disputes and that they did not comply with the policy of preferential access to capital established by the district, but that the King had not verified that he was pursuing his commercial performance in a single way.

Wang was sentenced to two years and six months in prison for abuse of power, as was a fourth-level researcher who had been assigned to the project in the Kasaï district.

In many places, the mobilization of resources is now a key driver for development, and the risk hint is automatically ignored in the rush to use investment as a performance indicator. Plus, while Huang has used the same fraudulent template in 11 of the eight provinces, the project risk warning mechanism is not shared between the various locations, so he can still receive a subsidy in B despite his faith in A.

The man who drew the cake ran away, left a pile of scrap metal, and it was not auctioned, but rusty.

As a general person, it does not care how much money is being requested, but the money that is being paid is the real money and silver of the taxpayers.

Wong Yao-bin ran away. Who's gonna fill in the billions?

A review of the period in question

* The present report is being issued without formal editing.

The lawyer charged 560,000, a day's fee for the second trial.

The brake light's on! Public officials are drunk and crashing into their husband and wife.

A 13-year-old boy who called the police and was hit with a skull injury by a civilian police officer, that's not a problem?

"Another Goose Legs" update: A trainee lawyer is "hunting" her.

For 5 days Fujian has fallen two times in a row! I've been in the chair with the door.

The 3-town ring-shower in Wuhan was arrested and held in custody for taking the anger to justice.

Fuoshan's "rewinding" is over.

You're willing to sell places at the grass-roots level? Henan's been lifting the table this time.

Watch out for 82 lives: the way a prison office collapsed.

600,000 President of the Association of Buyers, 7 million Director of Public Security and 200 million Vice-Governors

Original source

Original title
给11地政府画饼投资57亿,骗走1亿补贴后,他跑了
Original author
韩八分
Source account / outlet
微信公众号“开箱见山”
Originally published
2026-09-29 13:59
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