2018Li You Former Founder CEO Sentenced to 4.5 Years
Founder CEO Li you one trial sen- tenced to 4.5 years， fined 750 million Yuan.http://
According to the Dalian intermediate people’s Court’s Web site， Dalian City intermediate people’s Court of the first instance publicly founder group limited original directors， Chief Executive and Chairman Li you， who insider-trading case， finds that Li you the defendant is guilty of insider trading， obstructing and hiding accounting vouchers， account books， financial and accounting reports of crimes， punished， and decides that the Executive shall be sentenced to four years and six months， Fined RMB 750.2 million； illegal income shall be confiscated and turned over to the State Treasury. The other 11 defendants in insider trading case， obstructing and hiding accounting documents， books， accounts and accounting reports crimes， punishable by imprisonment， fines or criminal penalties according to law. Li you and other accused in court said obey the judgement， not to appeal.
Court think， accused Li you as insider information of informed personnel， in on securities price has major effect of information yet public Qian for stock trading， constitute insider trading crime； directed others hidden should save of financial information， constitute hidden accounting voucher， and accounting books， and account works accounting report crime； for resist catch， directed others delay time， hinder police law implementation corporate， constitute prejudice corporate crime. Due to surrender and accused Li you major meritorious services， the sentence commuted and concealing financial information and hinder corporate crime are minor， the mitigated punishment according to law， made the decision.
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