A loan of more than 9 million yuan had real collateral and sufficient market value, but the borrower was unable to repay it. It seemed like a contract dispute, but in the end he was charged with loan fraud and money laundering. The Jing'an District Procuratorate used a "penetrating review" to uncover the layers of disguise of financial crimes.
In December 2024, the public security organ applied for arrest of Park Moumou, accusing him of forging materials, concealing the true mortgage status of the mortgage, and defrauding Loan Company A of more than 9 million yuan. Pu Moumou used the property in his name as a mortgage, deliberately concealed the fact that he had borrowed more than 22 million yuan from Bank A as a mortgage, and tampered with the materials to falsely claim that only 9.85 million yuan was left unpaid. Company A lends money accordingly. Later, Park was unable to repay the debt and the crime was committed.
After arriving at the case, Park confessed to forging materials, but argued that the market value of the property of 32 million yuan was enough to cover the loan. The inability to repay was due to the delay in sale due to market fluctuations, and there was no intention to defraud.
The prosecutor in charge concluded that the collateral provided by Park was genuine and effective, that the residual value of the property at the time of the loan could still cover most of the loan, and that he had not evaded or squandered the loan, and that he would pay interest until the principal was due as agreed. It was determined that there was insufficient evidence for "illegal possession purpose". The Jing'an District Procuratorate made a decision not to approve the arrest in accordance with the law and recommended that the investigation agency continue to supplement evidence.
In August 2025, the case was transferred for review and prosecution. The prosecutor found that Park Moumou still had an operating company and other assets under his name at the time of the incident, and had already refunded one million yuan in compensation and later repaid the arrears in full, which still did not constitute the crime of contract fraud.
But prosecutors didn't stop there. By penetrating the flow of funds, it was found that Park applied for operating loans of more than 4 million yuan from Shenzhen Bank B and other institutions in the name of business operations, and all of them were actually used for futures investment. Prosecutors believe that he concealed the true purpose of defrauding the loan, causing the bank to lose more than 3.3 million yuan, and should be held criminally responsible for the crime of defrauding the loan.
At the same time, "one case and two investigations" were strictly implemented. Prosecutors found that in order to evade supervision, Park transferred and mixed the above-mentioned loans through multiple companies and personal accounts at multiple levels, and then "laundered" them and transferred 3.6 million yuan into his personal futures account. This behavior constitutes "self-laundering" and should be punished together with the crime of fraudulently obtaining loans.
The procuratorate also actively promoted the recovery of stolen goods and recovery of losses. Park Moumou reached a repayment agreement with the bank to recover losses to the maximum extent.
Recently, the Jing'an District Procuratorate filed a public prosecution against Park Moumou for the crime of loan fraud and money laundering. The court adopted all charges in the first instance judgment: sentenced to two years in prison and fined 30,000 yuan for the crime of loan fraud; sentenced to one year in prison and fined 10,000 yuan for money laundering; and punished several crimes concurrently. It was decided to execute a fixed-term imprisonment of two years and six months, suspended for three years, and fined 40,000 yuan.
The Jing'an District Procuratorate stated that it will continue to improve the professional capabilities of financial prosecution, strictly control facts, evidence, and laws, and build a strong financial security defense line by performing duties with high quality and efficiency.
