000070 判了

Core Viewpoint - The court has issued a first-instance judgment regarding the contract fraud and embezzlement case involving TeFa Information, concluding a legal process that lasted over three years [5]. Group 1: Case Overview - TeFa Information announced that the Shenzhen Intermediate People's Court has issued a criminal judgment related to the acquisition of Shenzhen TeFa Dongzhi Technology Co., Ltd., which was involved in contract fraud and embezzlement [2]. - The defendants, including Chen Chuanrong and others, committed contract fraud by falsifying financial data to illegally obtain assets from TeFa Information, with the amount being particularly large [7]. Group 2: Financial Implications - The court ordered the recovery of all criminal proceeds from Chen Chuanrong related to contract fraud, including unsold TeFa Information stocks and approximately 145 million yuan in cash, after deducting profit compensation of 120 million yuan and 1.655 million yuan returned by Wang Ling [7]. - The court also mandated the recovery of embezzled funds amounting to 2.7642 million yuan from Chen Chuanrong and Liu Bing, and 21.5506 million yuan from Yi Zongxiang, along with 4.1842 million yuan from Liu Ying, to be returned to TeFa Information [7]. Group 3: Regulatory Findings - The Shenzhen Securities Regulatory Bureau found that TeFa Dongzhi engaged in financial fraud by manipulating operating costs and fabricating business transactions, resulting in inflated revenues and profits [8]. - From 2015 to 2019, TeFa Dongzhi falsely reported sales and costs, inflating revenue by 328 million yuan and profits by 43.8671 million yuan through fraudulent activities [9].