1, Anbang Insurance Group Co., Ltd.:
Anbang Insurance Group Co., Ltd. is one of the comprehensive insurance groups in China, which has many businesses such as property insurance, life insurance, health insurance, asset management, insurance agency sales and insurance brokerage.
On February 23, 20 18, Wu Xiaohui, former chairman and general manager of Anbang Insurance Group Co., Ltd., was prosecuted according to law for alleged economic crimes. In view of the illegal business practices of Anbang Group, it may seriously endanger the solvency of the company.
In order to maintain the normal operation of Anbang Group and protect the legitimate rights and interests of insurance consumers, according to the relevant provisions of the Insurance Law of People's Republic of China (PRC), the China Insurance Regulatory Commission decided to take over Anbang Group for one year from February 23, 20 18.
2. Harmony Health Insurance Company Limited:
Harmony Health Insurance Co., Ltd. is one of the earliest national and professional health insurance companies approved by China Insurance Regulatory Commission, with a registered capital of 26,543.8 billion yuan. Headquartered in Chengdu, the company has two provincial branches and six municipal institutions in Shanghai and Jiangsu, initially forming a service network covering East China.
Extended data:
On March 28th, 20 18, the Shanghai No.1 Intermediate People's Court held a public hearing to hear the case that the first branch of the Shanghai People's Procuratorate accused Wu Xiaohui, the former chairman and general manager of Anbang Insurance Group Co., Ltd., of committing fund-raising fraud and job embezzlement.
The First Branch of the Shanghai People's Procuratorate sent personnel to appear in court to support the public prosecution, and the defendant Wu Xiaohui and his defender attended the proceedings. 18, 10 In May, the Shanghai No.1 Intermediate People's Court publicly pronounced the case of Wu Xiaohui, the defendant, on the crime of fund-raising fraud and job embezzlement, and sentenced Wu Xiaohui to 15 years in prison, deprived of political rights for four years, and confiscated property of RMB 9.5 billion.
He was sentenced to 10 years in prison for the crime of embezzlement by taking advantage of his position, and his property was confiscated at RMB 10 billion. Decided to execute 18 years in prison, deprive of political rights for four years, confiscate property of RMB 10.5 billion, and recover illegal income and fruits. On September 14, 2020, Anbang Insurance Group Co., Ltd. held a general meeting of shareholders and resolved to dissolve the company and set up a liquidation group.
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