A Fujian entrepreneur was accused of using a position as legal representative and chairman to misappropriate approximately RMB 40 million in property presale proceeds and borrowed funds for personal use. Li Shu’s team defended the case at trial, focusing on the nature of particular sums.
The team examined the sources and movement of funds and the accounting records. It argued that some sums were personal borrowings, had been repaid through accounting adjustments or had not entered the company’s accounts, and submitted materials including shareholder statements of understanding.
According to YunTing’s account, the court accepted relevant defense arguments and found that the identified sums did not constitute misappropriation of company funds. The reported result was limited to those sums; the source did not disclose an acquittal of the entire case.