Wu Changjiang was brought to arrest a number of quite Wu faction left

In criminal detention by public security organs after a month, NVC founder Wu Changjiang has a new message. Yesterday (January 6th), a person familiar with the matter said to reporters, Wu Changjiang has indeed been transferred to the procuratorate to the public security organs to arrest. However, the source stressed that at present only in the stage of arrest, to formally arrest also need to take a series of legal proceedings.

Daily economic news reporter noted that in the context of the general trend of Wu Changjiang gradually, after a number of firm Wu Ting faction, has been slowly away from the Wu Changjiang. These people are either Elec-Tech into the arm, or has been quietly away from the storm.

Because of misappropriation of funds

December 16, 2014, the media have reported that Wu Changjiang was arrested on suspicion of misappropriation of funds by the Huizhou Municipal Public Security Bureau of criminal detention in Guangdong.

In the third NVC fighting event, Elec-Tech and NVC chairman Wang Donglei party accused Wu Changjiang of illegal guarantee, may make NVC suffered huge losses of 173 million yuan. October 22, 2014, the Huizhou municipal police official on the case of misappropriation of funds, such as Wu Changjiang filing, in the same year in December 4th was detention.

According to China's "criminal law" and relevant judicial interpretations, the crime of misappropriation of funds refers to companies, enterprises or other units of staff taking advantage of his position, misappropriation of the unit funds loans for personal use or to others, a relatively large amount of more than 3 months is not yet, or not more than 3 months but the amount is large, for profit-making activities, or conduct illegal activities.

Shanghai Jie Law Firm lawyer Wang Zhibin told reporters that if the misappropriation of funds to return, did not cause significant losses, then it will become one of the factors considered in future sentencing. However, if the crime of misappropriation of funds, even if the full return, but also face criminal penalties, the lightest result is probation.

Wu Changjiang will be formally arrested there are still suspense. In accordance with the provisions of the criminal procedure law of the People's Republic of China, the people's Procuratorate shall, within seven days after receiving the approval of the public security organ for examination and approval.

Many allies have gone from Wu

So far, NVC has occurred three times in fighting events, and the old firm "ting Wu School" is an important reason for Wu Changjiang's victory in the bucket before two in the. But reporters found that with Wu Changjiang faded, "a lot of people quite Wu School" has quietly left.

The first infighting occurred between Wu Changjiang and the other two founders of shareholders, because of various contradictions difficult to reconcile, in 2005, was forced to sell all of the shares of the company, with $80 million left. Subsequently, all the dealers defection, asked Wu Changjiang regain business, the remaining two shareholders each holding 80 million yuan was forced to leave.

Second infighting event, in addition to the full support of the dealer, then followed by Wu Changjiang, a number of executives have become quite Wu faction of the backbone. There are executives even to resign, publicly support Wu Changjiang. Others in the top down to the way, choose to stand firm with Wu Changjiang. In January 2013, Wu Changjiang returned to NVC as CEO.

In this battle, the Allies began to differentiate. The first is NVC dealers began to support Wang Donglei on one side; then some high-level NVC choose to give up work in support of Wu Changjiang, led by BDO Runda in NVC system.

Daily economic news reporter noted that in the second battle to resign in support of Wu Changjiang, an executive, in this incident did not issue any sound. Another executive has been following Wu Changjiang "charge into the enemy ranks" said in an interview with reporters, he had two months to NVC work, do not know Wu Changjiang's recent situation.

At the beginning of November 2014, before jingfangxingju, reporters in Guangzhou met Wu Changjiang, then only one followed him.

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