Private debt-removing GPS Locator Million-dollar mortgage engineering

- Apr 19, 2018-

Private debt-removing GPS Locator Million-dollar mortgage engineering is almost "blackened"


On June 28, 2017, the Economic Investigation Team of the Public Security Bureau of Danjiangkou City, Hubei Province, through a number of work, recovered more than 200,000 yuan from the excavators that had been sold to Wuhan Jiuzhou Long Construction Machinery Company.


On May 11th, 2012, Cheng, a person from Danjiangkou City, purchased "Sanyi" excavators from Wuhan Jiuzhou Long Construction Machinery Co., Ltd.. When the company was doing a credit investigation, Cheng lied that he owned multiple excavators and had been digging. The machine has been used for many years. There are two sets of private homes in homes and other places with a value of one million. There are also self-operated restaurants and a Sagitar car, etc., indicating that they have the ability to repay the economy. After obtaining the trust of the company’s sales manager, The “Contract for Sale of Construction Machinery and Equipment” and its attachments were signed on a installment basis with the company. The total price of the equipment was 927.78 million yuan. After Cheng’s payment of 150,000 first payments, Wuhan Jiuzhou Long Construction Machinery Co., Ltd. delivered the excavator. But since then, Cheng has not fulfilled the repayment obligation in accordance with the contract, Wuhan Jiuzhou Long Construction Machinery Co., Ltd. debtors repeatedly paid for the arrears but could not find Chengmou himself, the company installed on the excavator GPS system also lost contact, resulting in the company The device cannot be located or controlled. Occasionally telephone contact Shang Cheng, also refused to tell the company where the excavator was used and refused to carry out normal maintenance and repair of the excavator by the "31" agent. As of May 2017, Cheng’s arrears amounted to RMB 207.42 million.


On June 20, 2017, Wuhan Kyushu Long Construction Machinery Company entrusted employees Huang to report to the Danjiangkou Public Security Bureau’s Economic Investigation Team, claiming that Cheng was suspected of contract fraud and requested the public security organ to initiate investigation and prosecution.


After investigation by the Danjiangkou Economic Investigation Brigade's police, the original Cheng had been working on the construction site of the neighboring county within one year after purchasing the excavator. However, due to the fact that the project has been owed arrears, Cheng’s own economy was not affluent, resulting in his inability to press. In May 2013, the owner of the excavator was transferred to a person from Danjiangkou City. In order to avoid repayment, the GPS on the excavator was artificially dismantled, and the excavator was transported to Shaanxi Province with his family. As a result, Wuhan Jiuzhou Long Construction Machinery Co., Ltd. was unable to locate and control the equipment and could not recover the debts.


After the police found Cheng, Cheng recognized that his behavior was childish. On June 28, 2017, he returned the outstanding amount of RMB 074,742 to Wuhan Jiuzhou Long Construction Machinery Co., Ltd.