Core Insights - A scheme involving three shell companies managed to siphon off 150 million from banks over two years, ultimately leaving the mess for a listed company to handle while the core members enjoy their gains in Southeast Asia [2][4][5] Group 1: Company Operations - The three companies, A, B, and C, appeared unrelated but were operated by the same group, creating a façade of legitimate business activities [2] - They engaged in a "left hand to right hand" scheme, where transactions between the companies were structured to appear legitimate, including contracts, invoices, and logistics [2][4] - Over two years, they generated 200 million in bank transactions and obtained high-tech enterprise certification, presenting themselves as model companies to the banking system [2] Group 2: Loan Acquisition and Fund Misappropriation - A Company applied for a 50 million technology loan, supported by fabricated contracts and tax documents, which was approved after a thorough review [4] - Upon receiving the funds, they executed a series of circular transactions among the three companies, creating a closed-loop of financial activity that misled the banks [4][5] - They further inflated their revenue by fabricating 80 million in overseas orders and falsifying project wins, leading to increased credit limits from banks [5] Group 3: Asset Disposal and Legal Maneuvering - The core members used offshore companies to shield themselves from liabilities, ensuring that the registered capital was minimal and risks were contained [7] - They executed a final step of acquiring distressed companies, merging the assets and debts of A, B, and C into a new entity, which was then sold to a listed company [5][7] - The operations highlighted a broader issue of companies manipulating financial systems to transfer wealth overseas, leaving societal repercussions in their wake [7]