Xu Jiayin was arrested, this matter is not so simple.
If you want to arrest him early, why wait two years?
Because he tried to file for bankruptcy protection in the United States, transferring his property.
What is bankruptcy protection, and how did he transfer his property?
Simply put, Evergrande borrowed a lot of dollars abroad, then this money cannot be borrowed for nothing, naturally there must be something to mortgage.
Evergrande said I have a house, and I will mortgage the house to you.
But these houses are all in China, and those overseas banks do not recognize ah, so they pull domestic banks in as guarantees.
Evergrande mortgaged his house to a domestic bank, and when the bank saw that your house was here, you couldn't run away, right, okay, I'll give you a guarantee.
After receiving the guarantee from our side, those foreign banks lent money to Evergrande and directly transferred the US dollars to Evergrande's overseas accounts.
Then, Evergrande took the money to issue high-interest dollar bonds abroad with an interest rate of 13.75%.
It is equivalent to me Evergrande borrowing 100 yuan from you, and giving you more than 113 yuan after maturity.
Hey, didn't Evergrande just borrow money from the bank, why did he issue bonds?
This is the process of hollowing out Evergrande, these debts cannot be bought by ordinary people, they can only be bought by Xu Jiayin and those related households of his family.
The company issues bonds and buys them itself, which is equivalent to putting the company's money into its own pocket.
In addition, Evergrande has also lost a lot of money doing business overseas.
As for how it was lost, whether it was lost in business, and it went into whose sea-view mansion and private account.
Then you have to ask Xu Jiayin.
Anyway, all the borrowed money was spent.
After the expiration, foreign banks urged them to hurry up and repay the money.
Evergrande said that I have no money, so I will apply for bankruptcy protection, then those foreign banks can only ask for money from guarantors.
At that time, it was our domestic bank that gave him a guarantee.
At this time, the best solution is to dispose of the houses that Evergrande mortgaged and return the money from foreign banks.
But the problem is: this house is not Evergrande, but belongs to thousands of small owners who emptied 6 wallets and saved money.
Now everywhere is shouting to guarantee the handover of buildings, to ensure that these houses will be built and handed over to the owners, this is related to people's livelihood and social stability, you said that the bank borrowed him a hundred dares, he did not dare to touch these houses.
Then the banks that had guaranteed him would have to bear the debt.
And how did the money from the banks come from, and in the end these messes were not thrown to the country and our people?
How much does Evergrande owe in total?
As of June 30, Evergrande's total liabilities were 2,388.2 billion yuan.
2.3 trillion!
Among them, the debt borrowed is: 624.77 billion yuan.
As of the end of July, the accumulated maturity debts of Evergrande Real Estate were about 277.501 billion yuan.
The above series of steps, I don't know if you understand it.
Through such an operation, Xu Jiayin turned all domestic assets, that is, those houses, into liabilities, and then exchanged them for rolling dollars abroad.
In this way, the property was transferred, leaving the risk to the bank and the owner who bought their house.
This is called: debt at home, money overseas.
You say such a person, can you not arrest him?
We have to punch hard.
Because if it is not strictly punished according to law and set a model, it will cause other capitalists and those real estate developers to follow suit.
They will imitate Xu Jiayin's practice, unscrupulously hollowing out the country's wealth, squeezing out the people's hard-earned money, and then transferring assets and running overseas to get away with it.
This time is not only for Xu Jiayin, but also for those other real estate developers, what Country Garden, give you a warning.
Don't keep thinking about secretly transferring property, solve problems well, and build the house first.
Otherwise, this is your end.
Yes, the money is gone, but the people have not run away, what does the wealth of the sky have to do with you?
Not yet making a wedding dress for someone else?
Don't think that only if you surrender to the enemy, you are a traitor.
People like this are even more hateful than real traitors, and one Xu family seal is worth a hundred traitors.
Each of us is going to spit on him and make him nailed to the pillar of shame forever.