Anything that is afraid of people knowing will go out of their way to hide it, and anything that is hidden must have its reasons.
Reading guide
Vanke's refusal to provide accounts is not a new thing this year, as early as three years ago, Yantai's cooperative shareholders asked Vanke to audit the accounts due to the operation of projects such as Seattle, but Vanke has not provided them to the public. In April this year, more than a dozen shareholders asked Yantai Vanke to provide accounts again due to its profit distribution and project operation problems, but Vanke still strongly refused, and even rejected the shareholders' reasonable project audit. Vanke's refusal to pay accounts has completely erupted.
In August this year, the local cooperative shareholders in Yantai officially reported the case to the local judicial authorities and tax authorities after grasping clues about Vanke's misappropriation of funds and tax evasion. It is understood that the relevant departments also encountered the same situation in the process of investigating Yantai Vanke, "the account is not local", "the leader is not at home", "is going through the process", and Vanke's delay is more than 4 months.
One stone stirs up a thousand waves.
Body
Yantai Vanke made serious mistakes in refusing the Partner's request to provide accounts for various improper reasons, artificially creating information obstruction, and failing to fulfill its due information disclosure obligations. Vanke even dared to openly resist the supervision, inspection and investigation of law enforcement agencies!What exactly is Vanke trying to hide?
one
Hidden Questions?That's for sure. Vanke's refusal to pay the account must have its own reasons, and the most intuitive and simple logic is that there is a problem with the account. If you are very compliant and clean, you should welcome others to check, not only to "free physical examination", but also to dispel the concerns of all parties and set the record straight. Since Vanke has repeatedly refused to provide the account information to the public, it shows that it knows that there is a problem with its accounts, and this problem must not be small, it must be indigestible or out of its control, otherwise problems like small bookkeeping errors will not make Vanke afraid to take out the accounts. Since it is hiding the problem, the clumsy performance of refusing to account is really trying to cover up.
II. II. II
What questions are hidden?What problems make Vanke so nervous, and what are the problems that make Vanke dare to defy the world's condemnation and forcibly refuse the audit requirements of the cooperative shareholders and administrative and judicial organs?The answer is only one word: money.
Refusal to pay accounts to shareholders because of misappropriation of project company funds, ignorance of cooperative shareholders' money. Such as: Yantai Wantuo Real Estate Development *** Vanke and Yantai Ruituo Investment *** jointly established a project company) was misappropriated by Vanke 1400 million yuan;Yantai Chuangying Real Estate Development *** Vanke and Yantai Bairun Real Estate *** jointly established a project company) was misappropriated by Vanke 1700 million yuan;Yantai Zhulinyuan Real Estate *** Vanke and Yantai Chenzhi Commerce *** jointly established a project company) was misappropriated by Vanke 1500 million yuan, and that's just to name a few. It is understood that for a local real estate project with a total sales of more than 7 billion yuan, Yantai Vanke can embezzle more than 2 billion yuan.
The administrative and judicial organs refused to pay accounts because of tax evasion and tax evasion, which cost the state's money. After the partner hired an audit company to audit (Vanke later provided the partner with some project information that it thought was not problematic, but it was incomplete, and even then it was still bad), Yantai Vanke increased the company's costs through related party transactions and inflated expensesBy hiding income and reducing the sales of enterprises, they can compress profit margins with both hands up and down, so as to achieve the purpose of reducing land appreciation tax and enterprise income tax. Based on the problems exposed by the three projects of Yantai Yulongshan, Seattle and Cuihu Shanxiao, it is preliminarily estimated that the amount of tax evasion and tax evasion of Vanke's projects in Yantai may exceed 1 billion yuan.
No wonder Vanke doesn't want to provide account information, it turns out that it can't provide it, this account is the fuse, as long as it is not handed over to you, you can't light it, and this thunder can't explode;You can also think of it as a key, a "golden key" to open the astonishing inside story of Vanke's illegal operation, which is held in Vanke's own hands, and no one can give it if anyone asks for it, because it involves his own "net worth".
Three
Hidden chain of interests?If Vanke's refusal to allow its partners or the outside world to access the accounts is to cover up the above-mentioned misappropriation of funds and tax evasion, then it proves that Vanke does have a problem with "money". Once there is a problem with money, "where did it go" will naturally become the next topic.
This flow of funds is like an anthill that destroys a thousand-mile embankment, which may sometimes be impenetrable, but once it is penetrated, the embankment will eventually collapse.
According to the investigation, Yantai Vanke misappropriated the funds of the project company and transferred them to two companies named Wanpeng (Beijing) Investment Management and Red Rise Asset Management.
According to the industrial and commercial archives, Red Rise Asset Management is held by Houcheng (Beijing) Science and Technology Development and Beijing Chengyetong ConsultingHoucheng (Beijing) Company is held by a natural person Chen, Beijing Chengyetong is held by Wanpeng (Beijing) Investment Management***, and Wanpeng Company is 100% owned by Beijing Vanke. Clearly, the Yantai project company's money ended up going to a company controlled by Vanke.
What is the money going there for?
Speaking of which, I have to mention a blockbuster article I saw before, "Behind the Scenes of Vanke's Heavy Punishment of Liu Xiao: A Reported Gray Business". Part of the content of the article is summarized as follows: In May 2018, Vanke and Tangshan Jinniu Real Estate Development jointly developed the "Vanke Jade Blue Mountain" project. Vanke invested 100 million yuan in the project, Jinniu Company invested 1.1 billion yuan, and Jinniu Company invested 1.1 billion yuan, and the 1.1 billion yuan invested by Jinniu Company was lent to Jinniu Company by a third-party Red Rise Asset Management *** designated by Vanke in the form of high-interest loans. In the process, Vanke seized Jinniu's business license, online banking, official seal and other valuables, and forcibly established a cooperative relationship with it, resulting in the partner paying a high amount of interest of more than 1800 million yuan. After the incident, it may be due to pressure, or it may be worried that the red rising company will be dug deeply, and the company was deregistered on July 7, 2023 after Vanke was resolved in the Tangshan Jinniu incident.
If we connect the clues before and after, it is not difficult to find that Yantai Vanke's misappropriation of the project company's money is also used by Vanke to engage in the "tertiary industry", if this is the case, then Vanke is not simply misappropriating funds, but is also suspected of engaging in illegal financial activities and even money laundering and other serious illegal and criminal activities. Now that Vanke's "shadow banking" has been touched, the chain of interests active in this "money" medium will eventually appear. Because funds are profit-seeking, and it is always people who manipulate funds, then it is always people who obtain benefits.
Four
Whose chain of interests is hidden?Once you have figured out the chain of interests, you will know who will benefit in the end, and it is certain that these benefits have not flowed to Vanke's listed company, and there may be other people, or it may be a management interest group of Vanke. Although the clues of funds are interrupted in some "leather bag companies", if you really want to investigate to the end and wear it to the end, the judicial organs still have the means and ability, it depends on whether you can do it, whether it is worth doing, and whether you want to do it.
When we look back at the problem of Yantai Vanke's "refusal to pay accounts", in the final analysis, we still want to hide the vested interests of Vanke's management interest groups, and if we can't hide them, the threat to Vanke's management interest groups will be too great, and it may be ruined or imprisoned. But the reason why they dare to do this is nothing more than because they have the brand of Vanke listed company, and there is a shareholder of a state-owned enterprise who has no decision-making power but can stand up for it at a critical moment, so that they can cover up some problems that others can't cover up and achieve goals that others can't achieve. A small company with no background was summoned by the administrative and judicial departments to provide accounts to cooperate with the investigation, do you dare to say "no"?But Vanke dared.
Starting from Vanke's uncomplicated behavior of "refusing to pay accounts", we sorted out the problem of "money", found clues of the "interest chain", and proved the existence of "interest groups", all pointing to the fact that Vanke has serious violations of laws and regulations.
Postscript
Vanke is a listed company, and information disclosure is the moral bottom line that listed companies should abide by. At the same time, Vanke has the state-owned shareholding of Shenzhen Railway Group, and Vanke's business behavior should be subject to the comprehensive supervision of the society, the society and the people.
There are no secrets in the world unless they are self-keeping. — George Bernard Shaw.
As long as there are people involved, there are no secrets. Vanke wants to hide so many things, no matter how deep it is buried, it will eventually be revealed one day!
-Also dismantled essay.
*and some materials** on the Internet).