Reported about 1 year ago
On June 23, 2024, at 5:58 pm, Guoba Group responded to the related accusations stating that everything was done following legal procedures. The case involving Zhan Yun siphoning off funds, where nearly ten thousand people were affected, with over 18.2 billion yuan involved, has been ongoing for more than 2 years. Recently, victims accused Guoba Group's subsidiary, Fuzuo, of colluding with Zhan Yun to empty out funds by first signing a 15-year management contract with Zhan Yun and later obtaining a debt of 2.5 billion yuan through a lawsuit. The Guoba Group has responded by asserting that the debt between Zhan Yun and their company was part of a private enterprise debt relationship and was conducted legally through court proceedings.
Source: YAHOO