Progress of the "Fei Dan" case of Huaxia Hengye: 20 customers lost 32 million yuan without criminal filing, Minsheng Bank sentenced to pay 20% case.

There are new developments in the Huaxia Hengye "flying orders" case. It was reported that on December 16th, the Beijing Third Intermediate People's Court ruled in the second instance of the "flying orders" lawsuit, holding Minsheng Bank responsible for 20% of the compensation. This ruling is consistent and related to the lawsuit judgment in the Zhongtou Wantong Wealth Management "flying orders" case. Previously in 2022, Ding Le, an employee of the Xizhan Branch of Minsheng Bank in Beijing, sold "flying orders" of Zhongtou Wantong Wealth Management to 11 customers and was sentenced to 4 years in prison for the crime of illegal absorption of public deposits, involving an amount of 90 million yuan. After Ding was criminally convicted, some investors filed lawsuits against the bank for compensation. In September of this year, Interface News exclusively reported a case in which Minsheng Bank was held responsible for 20% of the compensation. It is worth noting that in the two "flying orders" cases, the Zhongtou Wantong Wealth Management "flying orders" case has been criminally filed, but the Huaxia Hengye Wealth Management "flying orders" event has not been criminally filed. The common point is that both cases involve Ding Le from Minsheng Bank. The product manager for the Huaxia Hengye "flying orders" is Huaxia Hengye Investment Fund Management Co., Ltd., and the aforementioned Ding Le not only sold the "flying orders" of Zhongtou Wantong Wealth Management but also sold the Huaxia Hengye "flying orders." Since the Huaxia Hengye "flying orders" have not been criminally filed, it is currently unclear the total amount involved in the Minsheng Bank in this "flying orders" incident.