“和合系”非法集资系列案一审开庭，实控人林强等多人受审

Core Points - The "Hehe System" companies are involved in a large-scale illegal fundraising case, with over 100 billion RMB raised illegally and over 30 billion RMB in unpaid principal [1][2][3] - The trial involves multiple defendants, including Lin Qiang, who is accused of fraud, illegal fundraising, and money laundering [2][3] - The companies used deceptive practices to attract investors, promising annual returns of 6% to 10.5% and misrepresenting their financial products [2][3] Group 1 - The "Hehe System" companies, including Hehe Asset Management (Shanghai) Co., Ltd., are accused of illegal fundraising and fraud, with a total of over 100 billion RMB raised from the public [1][2] - The defendants, including Lin Qiang and others, are charged with serious financial crimes, including illegal fundraising and money laundering, with evidence presented during the trial [3] - Lin Qiang, the actual controller of the companies, was reported missing in August 2023 and was later detained in Indonesia before being repatriated to China [4] Group 2 - The companies have acknowledged severe financial difficulties, stating they are unable to meet repayment obligations and have suspended all repayment activities [7] - The financial troubles were attributed to various factors, including the impact of the pandemic and challenging market conditions, leading to significant operational risks [7]