According to relevant information, Xiebao International Group Co., Ltd. signed a real estate pre-sale contract with Shenzhen Kaicheng Industrial Company, the developer of Regal Garden, to purchase the whole building of Block A of Regal Garden.
However, the company failed to pay the construction fee. Later, the company's senior management, chairman Liang Feng and others pretended to be the legal representative of Kaicheng Company to defraud Kaicheng Company to pay off the house payment certificate, forged a full set of pre-sale contracts and other documents, defrauded the property power of attorney for the third floor of Regal Garden Block A 1-3, and forged certificates such as "paid off the house payment1865438 million Hong Kong dollars", and
Through repeated mortgage, repurchase guarantee, pre-sale and other means. , successively signed loan contracts with nine banks and other financial institutions, including ICBC Shantou Trust and Investment Company, and signed loan contracts with enterprises such as Shenzhen Energy Co., Ltd., * * * defrauded RMB, Hong Kong dollars and US dollars totaling more than 200 million yuan. On February 27th, 1997, Shenzhen public froze plots A and B of Regal Garden and put on record for investigation.