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Why the roe deer island related personnel will be held criminally responsible?

Shantou Island related personnel staged a succession of scallops frozen to death, starved to death, "run away" ridiculous theater, for performance "face" to find reasons. September 11, the Securities and Futures Commission announced that, according to the "administrative law enforcement agencies to transfer suspected criminal cases" (State Council Decree No. 310), the Securities and Futures Commission decided to roe deer island and related personnel suspected of securities crimes according to law to the public security organs to pursue criminal responsibility.

In the three years from 2018 to the present, the swineherd island fan event is staged a "continuous drama".

In 2018, Roosevelt Island said that the decrease in precipitation led to a decline in the number of bait organisms in the scallop, and the significant expansion of the scale of farming has exacerbated the shortage of bait, coupled with high temperatures that led to a decrease in the efficiency of scallop feeding, resulting in scallop thinning further aggravated. The long-term cumulative effect led to the death of scallops. in 2017, the company lost 723 million yuan.

April 2019, roe deer island in the first quarterly report, said the company lost 43.14 million yuan in the current period, the reason is still "bottom sowing shrimp scallop disaster".

In 2020, at an online presentation of Roe Deer Island's 2019 annual results, its chairman Wu Hougang again dumped the reason for the loss on scallops. He said, "The expert research group organized by the state ministry and bureau believes that the recent massive loss of bottom-seeded shrimp scallops in Roe deer island is the result of a combination of factors, such as changes in seawater temperatures, the scale and density of shellfish farming in the sea area is too large, the lack of bait organisms, and the destruction of the seabed ecological environment."

"Scallops swam away, scallops came back, scallops starved to death, scallops this time the water temperature is not good, drink death." The market's play on the Roe Deer Island scallop incident has discredited the company.

Expanded

SFC explains the reasons for severe punishment

"Roe deer island financial forgery of a bad nature, the impact is extremely bad, seriously undermining the seriousness of the information disclosure system, seriously undermining the foundation of market integrity, according to law should be severely punished." The SFC said bluntly.

After the investigation, the SFC determined that Roe deer island 2016 false increase in profits 130 million yuan, accounting for 158% of the total disclosed profits for the period; 2017 false reduction of profits 280 million yuan, accounting for 39% of the total disclosed profits for the period. The above behavior of Roe Deer Island is suspected of constituting the crime of illegal disclosure and non-disclosure of important information. According to the Provisions on the Transfer of Suspected Criminal Cases by Administrative Law Enforcement Organs (State Council Decree No. 310), the SFC has decided to transfer the suspected securities crime cases of Roe Deer Island and related personnel to the public security organs for criminal responsibility according to law.

The next step, the SFC will fully support the public security judicial organs of the investigation of the case, resolutely implement the "zero tolerance" work requirements, and strive to build administrative punishment and criminal punishment, civil compensation organically linked to the full range of three-dimensional accountability system, to maintain the stable and healthy development of the capital market.

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