JIAODA ONLLY(SH:600530) 经济观察报·2025-07-01 11:06Core Viewpoint - The company, Jiao Da Ang Li, has reported criminal actions against five former executives for allegedly harming the company's interests by using company funds to purchase group insurance and subsequently refunding the premiums to personal accounts [1][2][3]. Group 1: Background of the Incident - The five former executives involved are Yang Guoping, Zhu Minjun, Lou Jianying, Li Hong, and Li Kangming, who held various senior positions in the company from 2016 to 2019 [5][6]. - The company filed a criminal report with the Shanghai Public Security Bureau, transitioning from a civil lawsuit to address the alleged criminal behavior discovered during the civil proceedings [3][16]. Group 2: Details of the Insurance Transactions - The first group insurance policy was taken out in October 2016 with a total premium of 3.8 million yuan, and the beneficiaries included the five former executives [6][12]. - In November 2017, the company applied for a refund of the insurance premium, which was directly returned to the personal accounts of the five executives, totaling 1.0936 million yuan [14][17]. - A second insurance policy was purchased in 2018 for a total of 12.84 million yuan, which was also refunded to the personal accounts of the same executives in January 2019 [14][15]. Group 3: Company’s Response and Findings - The current management, led by Ji Lin, discovered these irregularities during a self-audit prompted by a tax authority inquiry into the insurance premiums [20][21]. - The management found no records of board resolutions or approval processes for these transactions, raising concerns about their legality [16][20]. - Legal experts noted that using group insurance to refund premiums to executives' personal accounts is an unusual practice and could indicate potential misconduct [18][21].