HK “Sing Pao” Chairman Gu ZhuoHeng ordered bankruptcy
Gu Zhuoheng, the chairman of Sing Pao Daily was ordered bankrupt by the Hong Kong High Court on August 5, 2020.
According to Apple Daily, Gu Zhuoheng, the chairman of Sing Pao Daily, a disgraced and heavily indebted person, was filed by several creditors to collect debts from the court, accusing him owing 110 million RMB ,including principle and interest. This case was heard again on August 5, in the High Court. Gu Zhuoheng, who was not represented by a lawyer, did not show up and was formally ordered bankrupt in his absence (case number: HCB 2697/2019). In fact, Gu Zhuoheng has staged many fraud scenes in his early years, and is called a veritable "big gang".
Pretending to be a wealthy Brazilian businessman, "husband and wife" cooperated to defraud more than 500 million
Gu Zhuoheng was born in HuaiFang, ShanDong province, his original name was Gu Jianhong, he also used pseudonyms such as Luo Zhixin. His parents divorced in his early age. In 2004, Gu and his wife Shen Wei established a so-called international investment company and started doing business in Brazil . There, Gu presented as a wealthy overseas Chinese businessman, negotiated to purchase the "Beijing Ludun Dairy" Brazil and changed the name of "Ludun" to " Leah (China) Drinks". After taking control of Leah, Gu immediately cooperated with the Chifeng Municipal Government of Inner Mongolia and announced that he would invest one billion RMB in the local coffee project. However, the original shareholders of "Ludun" discovered the problems with the transaction,they took back control of the company from the Industrial and Commercial Bureau. During this period, the company’s land was used as collateral to lend more than 100 million RMB to the Agricultural Bank for a company named "Guoli Steel Mesh". In this case, the legal person of "Guoli" was actually Gu Jianhong.
In 2010, Gu and Shen Wei expanded the fraud target to all parts of the country. In order to avoid the impact of the "Ludun" incident, Gu setted up a company in the name of his wife, Shen Wei, and defrauded more than one million RMB in high tuition fees using the gimmick of cultivating child stars. Later, he acquired "Shenzhen Jiumu Electronics Company" in the name of Shen Wei, later on, he changed name twice to "Shenzhen Dinghe Investment Guarantee Co., Ltd." Gu used this company as escort to the online lending platform "Meidai.com" which established by Gu in 2012 to induce the public to deposit and invest in the platform with high interest rates. After experiencing the sweetness of interest, Gu established "Cinda Wealth" and "China Capital Fund" in Tianjin and Hangzhou respectively, and illegally raised funds across the country, defrauding as much as 470 million.
Abandoning his wife and absconding twice with impunity
In 2016, "Meddai.com" scandal exploded and was prosecuted, many people involved and sentenced, including his wife Shen Wei. However, Gu ZhuoHeng used the swindled money to take over the old newspaper "Sing Pao", which was in financial distress, and has been hiding in Hong Kong to avoid legal responsibility. At the same time, other victims also pursued debts and litigation from him. Seeing that the situation was a rick to him, Gu Zhuoheng transferred huge assets through Gao Mengjiao, a new loveer he met in Hong Kong, and fled to the United States with Gao. After Interpol issued a red arrest warrant, Gu began to perform frantically in self-preservation, claiming to be "political persecution" and trying his best to disguise as a "political prisoner" in exchange for non-repatriation by the United States. During his escape to the United States, Gu repeatedly showed off his luxury life in the United States on Facebook, and even showed high-profile love to Gao Mengjiao on Valentine's Day.
In fact, no matter how Gu Zhuoheng disguised himself as an "anti-corruption fighter" or a "victim of high-level power struggle", he could not change his status as a fraud fugitive. The announcement of the court’s bankruptcy ruling was just another use of the law to strip off his disguise.