Xin Lang Cai Jing·2025-07-14 23:59Core Viewpoint - The case highlights the issue of fraudulent promises made by banks regarding loan renewals, leading to significant financial losses for individuals involved in bridge financing [1][10][12]. Summary by Sections Background of the Case - The case originated from a loan application by Xinwang Supermarket to Minsheng Bank's Fuzhou branch, where the actual controller Lin claimed a credit limit of 9.4 million yuan, secured by collective properties [3]. - Lin was later investigated for embezzlement, leading to the bank's lawsuit for loan recovery due to overdue payments [3][4]. Bridge Financing Arrangement - Lin sought bridge financing from Lin Mouhe, promising high interest rates and claiming the funds would be used for loan renewal [4]. - Lin Mouhe verified the renewal promise with the bank, where a bank employee assured that the loan would be renewed without re-approval [4][9]. Bank's Actions and Consequences - After Lin Mouhe transferred 15 million yuan, the bank deducted 9.44 million yuan for overdue loans but refused to renew the loan, citing collateral issues, resulting in Lin Mouhe losing 9.19 million yuan [4][10]. - The court found that the bank had engaged in fraudulent behavior by misleading Lin Mouhe about the loan renewal [10][12]. Legal Proceedings - The initial court ruling favored the bank, stating that Lin Mouhe lacked legal standing and that the bank had not committed fraud [8][10]. - The higher court later determined that the bank's actions constituted fraud, leading to a ruling that the bank must compensate Lin Mouhe for his losses [10][12][13]. Final Judgment - The Supreme Court ruled that Minsheng Bank's Fuzhou branch must compensate Lin Mouhe 9,192,394.01 yuan for the principal and an additional 2,413,884.25 yuan in interest from the date of the loan renewal promise until the judgment [12][13].