Jin Li Group Liu Lirong admits gambling: the loss may be more than one billion

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Jin Li Group Liu Lirong admits gambling: the loss may be more than one billion

2018-11-27 20:25:27 50 ℃

It is reported that the chairman admitted in an interview that he was involved in gambling in Saipan and “borrowed” funds from the company but denied the loss. The saying of 10 billion is lost.

The report said that Liu Lirong’s piecemeal narrative mentioned that the loss of money in Saipan occurred in January 2017, and the participants did have rumors of Bo Hua Pacific boss Ji Xiaobo. Regarding the misappropriation of funds, Liu Lirong did not say the specific figures, but used "more than a billion." Liu Lirong said: "It is really impossible to gamble on this thing. It is not a matter of how much money is involved. It will characterize your conduct and make a person's personality go bankrupt."

Liu Lirong said that the company Bank loans have been increasing, but the flow of business operations has been circulating. "Many small mobile phone companies in China are losing money every year. We are tens of millions of people who have made a lot of noise. In the past few years, we have invested so much money."

Liu Lirong said At the financial creditors meeting on November 23, all banks supported the Jinli bankruptcy reorganization plan and expected to enter the bankruptcy reorganization process next month.

For Jin Li’s bankruptcy, Liu Lirong said that the direct cause is the break of the capital chain. The fundamental reason is that the company has been losing money for a long time. He said that from 2013 to 2015, Jin Li's average monthly loss is no less than 100 million, and the loss per month in 2016 and 2017 is not less than 200 million. According to Liu Lirong's statement, from 2013 to the end of 2017, Jin Li's accumulated losses reached about 8 billion.

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