Darren Liu's participation

Hao Jian, deputy head of the Economic Investigation Corps of the Shandong Provincial Public Security Department, said at the press conference of the special action against illegal fund-raising held by the Shandong Provincial Public Security Department on the 29th that the case was organized and directed by the Economic Investigation Corps of the Provincial Public Security Department, and Qingdao, Zibo, Weifang and Liaocheng respectively filed investigations on the case of Darren Liu and others of Qingdao Qineng Chemical Co., Ltd. suspected of illegally absorbing public deposits, and more than 20 people involved were arrested.

It is found out that Darren Liu and others have set up branches or entrusted agents in Qingdao, Zibo, Dongying, Weifang, Jining, Tai 'an, Dezhou, Liaocheng and other places in the province since 2007 without the approval of relevant departments, with Qingdao Qineng Chemical Co., Ltd., Tianjin Xinhui Equity Investment Fund Co., Ltd. and Qingdao Wanjia Petrochemical Co., Ltd. as platforms. With the interest (dividends) of 3%-9% or more per month as bait, the public funds absorbed by the society through promotion meetings, oral publicity among acquaintances, etc. totaled several billion yuan.