Since Cai Heshun has always had a good reputation, and many fundraisers know that Cai Heshun has a good relationship with the main leaders of the county party committee, and he himself is an outstanding private entrepreneur in the province, Cai Heshun's calmness and commitment during that bank run were In order to gain everyone's confidence, many investors who had not yet reached the repayment deadline as stipulated in the contract took the initiative to leave after receiving the monthly interest. However, there are still some fundraisers who insist on withdrawing their principal in advance, even at the cost of losing a few dollars. Month's interest. Therefore, during this turmoil, Cai Heshun's capital chain has been reduced by more than 20 million, and it has begun to be stretched. It is becoming more and more difficult to pay the interest to the fundraisers.
Fortunately, shortly after the bank run broke out, several lead-zinc mining and real estate companies that had borrowed huge amounts of money from Heshun Company began to benefit slowly as the prices of lead-zinc products gradually increased and the real estate market gradually heated up. Things improved, and they were able to pay interest on time, and some companies even returned their principals. Cai Heshun breathed a sigh of relief, and quickly stopped stock trading and futures trading, waiting for the economic situation to improve and then be able to repay the loans extended. The capital is recovered with interest. In this case, Heshun Company can not only come back to life, but also turn losses into profits.
However, at this moment, the extremely despicable Li Dongquan gave Cai Heshun another fatal blow.
Around August last year, Li Dongquan, in the name of an insider and a pseudonym, posted a post on several private forums in Huangyuan County, saying that Heshun Company was now in danger and would collapse soon. In order to prove his In this view, he also said conclusively: There are three or four leaders of the county committee, all of whom originally raised huge amounts of money in Heshun Company, but because they sensed that their superiors might crack down on illegal investment companies, and they also know that Heshun Company has now They could not make ends meet, so they all took back their tens of millions of capital raised with interest in advance. Therefore, Heshun Company is now a grasshopper in the autumn and cannot survive for a few days...
It turned out that when Li Dongquan was working at Heshun Company, he accidentally heard the company's financial personnel say: Several leaders of the county party committee had deposited money in the company, amounting to 20 to 30 million, but later because they felt that Heshun Company's funds were out of stock, problem, so they withdrew all their deposits and interest.
At the same time, Li Dongquan learned from a classmate of the Provincial Party Committee that the Provincial Party Committee was preparing to launch a province-wide special campaign to crack down on illegal fund-raising, requiring some places with serious illegal fund-raising to conduct self-examination and self-correction first, and take measures to combat illegal fund-raising. For rectification measures, the Provincial Party Committee Inspection Office, the Provincial Commission for Discipline Inspection, and the Provincial Public Security Department will form a joint inspection team to conduct a special inspection on the crackdown on illegal fund-raising in various counties and cities...
After getting these two pieces of information, Li Dongquan concocted the post and posted it on several private forums in Huangyuan County, causing panic and rumors.
Those county party committee leaders who had made money by raising funds from Heshun Company were furious after seeing this post. Although the post did not mention them by name, but just generally said "three or four county party committee leaders" : Although on the surface this post is an attack on Heshun Company and seems to be trying to tear down Heshun Company, but because the county committee and these people are very secretive in lending money to Heshun Company to earn interest, only Cai Heshun and him Liu Xian, the confidant of the Finance Department, knew this, and these leaders had repeatedly told Cai Heshun to keep this matter absolutely confidential. Unexpectedly, someone now posted this matter on the forum.
Therefore, these leaders suspected that Cai Heshun instigated someone to post this post deliberately, with the purpose of putting pressure on them to protect Heshun Company from going through difficulties. This post was nominally detrimental to Heshun Company, but it was In fact, it was Cai Heshun's conspiracy to give their leaders a warning and ask them to come forward to provide him with loans and appease his fundraisers...
At this time, the county committee actually received a document issued by the provincial committee, requiring Huangyuan County to severely crack down on illegal fund-raising in the near future, and report the measures and results of combating illegal fund-raising to the provincial committee’s inspection office. If The county party committee and county government failed to crack down on illegal fund-raising, resulting in serious consequences. The main leaders of the county party committee will be severely held accountable.
After seeing this document, the leaders who had raised funds in Heshun Company were panicked and worried. Therefore, they wanted to find an opportunity to kill Cai Heshun in order to achieve the purpose of killing and silencing him.
Soon, this opportunity came.
After Li Dongquan's post was posted on the private forum in Huangyuan County, those investors who had raised funds in Heshun Company no longer had the patience to do so. They all rushed to Heshun Company in a swarm, demanding to get their principal back in advance and follow up. Cai Heshun said they were willing to refund part of the interest.
Cai Heshun and his cronies and brother Liu Xian also imagined that they would explain and appease the fundraisers who flocked to withdraw money, just like the last time there was a bank run. However, this time those people no longer listened to their promises, and the crowds were blocked. In Heshun Company, you must withdraw money in advance.
Cai Heshun and Liu Xian saw that the momentum was not right, so they arranged for financial personnel to withdraw all the money from the company's accounts and returned some people's funds raised. In just two days, the company had 130 million in cash withdrawn. Ten thousand yuan.
At this time, the company no longer had funds in its accounts, and Cai Heshun quickly arranged for people to go to the companies that had borrowed money from the company to collect debts. However, those companies insisted on refusing to return the principal on the grounds that the repayment date stipulated in the contract had not arrived. , only promised to pay one month's interest, but the interest recovered was just a drop in the bucket for Heshun Company, which was caught in the bank run crisis, and could not help the emergency at all.
A few days later, some investors who could not get their funds back for the time being began to block and cause trouble in front of the county committee and government, demanding that the county committee and government come forward to help them get back the funds they had deposited in Heshun Company. Otherwise, they would have to A sit-in demonstration was held in front of the county party committee.
The appearance of these troublemakers gave the county leaders who wanted to kill Cai Heshun an excuse. So they immediately convened a standing committee to study countermeasures. At the meeting, they characterized Heshun Company's borrowing from the private sector. For "illegal fund-raising", it was decided that the County Public Security Bureau would criminally detain Cai and Shunhe's key personnel on the charge of "illegal absorption of public deposits".
That night, Heshun Company Chairman Cai Heshun and several other company management members were arrested by the County Public Security Bureau and sent to the detention center. Only Cai Heshun's confidant Liu Xian saw that the situation was not good and fled in advance. Whereabouts unknown.
A few days later, the Huangyuan County Public Security Bureau suddenly released a message: Criminal suspect Cai Heshun committed suicide in the detention center out of fear of crime.