Former CEO of Yingke transferred 3.87 billion yuan? Police respond.

Recently, there has been information circulating on the internet claiming: "After verification by the public security organs, between 2021 and 2025, Mei Xiangrong transferred 38.7 billion yuan of law firm practice revenue to related enterprises under his control through forgery of agreements and fabrication of service projects, while causing investors' 12.4 billion yuan in principal unable to be paid." On March 20th, the "China News Weekly" learned from the Economic Investigation Detachment of the Jing'an Branch of the Shanghai Public Security Bureau that the police have not yet released the above-mentioned data, "the case was just filed last week, how could data be released so quickly? Relevant data should be confirmed by the police." However, there are indeed issues with lawyers' fees not being able to be withdrawn in a timely manner within Yingke Law Firm. Zhao Chunyu, Vice Chairman of Yingke China's Board of Directors and Director of Yingke Beijing Management Committee, admitted in an official WeChat group of Yingke Beijing that "due to objective factors, the law firm has experienced short-term delays in withdrawals."