The mainland’s financial products are endless and repeatedly fraudulent, and pension products are even more “old age”. Recently, a pension investment project in Chengdu, Sichuan Province, burst into flames, and 2,600 elderly people were trapped in a total of 700 million (RMB, the same below) investments.
CCTV Finance reported on April 13 that recently, a pension investment project burst in Chengdu, Sichuan Province, and the investor of the project is a local company founded in 1997, with real estate as its main business – Chengdu Believe Industrial Group.
Sichuan 2,600 elderly a total of 700 million investment is trapped
Ms. Mu, a citizen of Chengdu, Sichuan, said she bought a pension product called “Kangjia Yiju” in March last year, which was introduced by the company as a recreation plan that not only allowed her to switch to a hotel, but also had a rebate.
“I paid more than 400,000 yuan at that time, he said you do not pay for nothing, give 8% interest.” Ms. Mu said she received the rebate only once in October last year, and then a phone call from the company made her dumbfounded, “saying that their capital chain is broken, the money is not paid back, and the interest will not be given.”
And Ms. Mu is not the only one who encountered the same situation.
Ms. Li, a citizen of Chengdu, Sichuan, said: I invested more than two million yuan, from 2018, so far, returned about more than 100,000 yuan.
According to the contract, the 30th natural day after the expiration of 12 months of membership is the unconditional withdrawal period, during which Party B can submit an application for withdrawal, and in accordance with the relevant withdrawal procedures, Party A will return the full amount of Party B’s membership deposit within 10 working days.
However, the company is currently experiencing financial problems and cannot execute the contract as agreed. For this situation, the company side has proposed several solutions, one of which is the option to change their house.
Chengdu citizen Ms. Mu said, “You can choose to change their house, the money you saved in to mortgage their house, if you do not need money urgently, you can renew the deposit in it, or give you 8% interest per year. There’s also the option to continue to exchange points or get a refund.”
According to Ms. Mu, most investors want to get their money out because it’s almost always their retirement and pension money. “By now, many seniors have paid nearly 700 million yuan, there are 2,600 seniors.”
Project leader: problems with the capital chain caused the crisis
Chengdu Believe Industrial Group how to explain the current situation? For the funds that can not be returned, how should investors defend their rights?
Kangjia Yiju project leader said that there are now more than 1,100 sets of apartment assets, because they are not sold out, the capital flow is tighter to cause this problem. Once housing sales resume, the house stepped up sales and sold back, the money will be refunded, and the assets will be subscribed, because all funds correspond to having assets. The pricing of the subscribed assets is in accordance with the market pricing method.
The person in charge of the Chengdu Confidence Industrial Group could not be reached, the company elevator and stairs have been locked, the other party to the group leader and spokesman are not in the company for the reason of refusing the land media interview.
For the current situation of the funds can not be returned, investors and how to defend their rights?
Sichuan Tuoyue Law Firm lawyer Huang Rui said, the company has been in breach of contract, it is recommended that the elderly and the company can negotiate on an equal footing to resolve the matter, if the consultation can not reach an agreement, the elderly can file a lawsuit in court.
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