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Among the financial fraud cases investigated by regulators in 2024, Evergrande Real Estate ranked first because of two years of falsely increased revenue of more than 560 billion yuan.

Article | Caijing reporter Zhang Jianfeng and Wang Ying Source: unique

Combating financial fraud in the capital market is the focus of securities supervision and law enforcement. As investigation and prosecution efforts intensify, many major financial fraud cases of listed companies will surface in 2024.

According to incomplete statistics from Caijing, as of December 25, about 34 companies have received "Administrative Penalty Decisions" for inflating operating income since 2024, and the total inflated operating income is approximately 631.4 billion yuan.

According to the ranking of inflated operating income, the top ten companies all exceeded 3 billion yuan, and the top three companies all exceeded 10 billion yuan. Among them, Evergrande Real Estate’s falsely increased revenue exceeded 560 billion yuan in two years, shocking the market.

"Finance" reviewed the above cases and found that unreasonable revenue recognition, fictitious business, and idling of third-party cooperation business are the main methods used by these companies to inflate their income, and company executives and even controlling shareholders plan and participate in financial fraud, allowing such financial institutions to inflate their income. Fraud is even more secretive, with some companies inflating their income for 13 years before being discovered.

https://finance.sina.com.cn/money/fund/j...6409.shtml