[# Scallops ran to usher in the finale#: # Zhangzidao's former chairman was sentenced to 15 years # The China Securities Regulatory Commission used Beidou satellite data to investigate] The Supreme People's Procuratorate disclosed that Wu Hougang, chairman and president of Zhangzidao, was sentenced to 15 years in prison and fined 920,000 yuan for the crimes of illegal disclosure of important information, fraud, collusive bidding, and bribery of non-state workers.
Since 2014, Zhangzidao's scallops have become a "star" in the A-share market, first "ran", and then "starved to death", every move has attracted the attention of shareholders, and the tortuous development not only shocked shareholders, but also attracted the CSRC to intervene in the investigation. According to CCTV financial reports, the amount of fishing area in Zhangzidao is provided to financial personnel on a monthly basis by fishing personnel, and there is no objective record for reference on a daily basis, and there is no effective means for financial personnel to verify, and internal control is seriously lacking. But in fact, the sea areas where the Zhangzidao fishing boats went and how long they stayed have long been recorded by the "sky net" composed of dozens of Beidou satellites. (Jimu News)
