| Under the condition of market economy, China’s securities market gets a rapid development.However, at the same time, the existence of the problem is also becoming increasingly prominent.The most serious issue is the company listed on the application process of qualify as listed by means of fraud, even after continue through false financial statements, inflated profits for pushing up share prices in order to monetize. This kind of behavior not only causes a serious violation to investment interests of minority shareholders, also hits the shareholders into the stock market enthusiasm and confidence. Analysis on the Yunnan Green-Land Biological Technology LTD is the typical representative of modern blocks listed stock fraud. The Yunnan Green-Land Biological Technology LTD went public in 2004.The Yunnan Green-Land Biological Technology LTD successfully listed on the Shenzhen Stock Exchange in 2007. In march 2010, the China securities regulatory commission has opened an investigation into the Yunnan Green-Land Biological Technology LTD which suspected of illegal disclosure of financial information. The court has discussed green earth shares issued by a fraud case after more than two years of trial since 2011 to2013.Eventually,the Yunnan Green-Land Biological Technology LTD was judged to fraud issue shares sin, forge financial crime of negotiable instruments and intentionally destroyed accounting documents. Green earth fraud case involves many legal problems of listed companies, but in order to be able to in-depth study of targeted, this paper is based on the problems existing in the Analysis on the Yunnan Green-Land Biological Technology LTD itself as the core, combined with the case, the main argument analysis from the following four parts:The first: The Yunnan Green-Land Biological Technology LTD Fraud Case is introduced and the further reflections. This paper first generalizes the fraud case of Analysis on the Yunnan Green-Land Biological Technology LTD Fraud Case, and on the basis of this case, which puts forward the core issue the paper, that is Analysis on the Yunnan Green-Land Biological Technology LTD Fraud Case of legal issues related to fraud in the listed company’s fraud.The second: The motivation, performance and harm of the Yunnan Green-Land Biological Technology LTD fraud case. This part through to the Yunnan Green-Land Biological Technology LTD listed specific situation before and after the inspection, combined with the fact, analysis thefraud motivation, performance and harm of the shareholders which take the risk of national authorities blame to fraud listed as well as taking away from the city violating the laws and regulations.The third: Analysis on the Yunnan Green-Land Biological Technology LTD Fraud Case reflects the legal issues. This part combines the Yunnan Green-Land Biological Technology LTD Fraud Case fraud event itself, analyzes the problems existing in the Yunnan Green-Land Biological Technology LTD itself in detail and the relevant laws has the shortage of the regulation about the Yunnan Green-Land Biological Technology LTD in China, and lay a solid foundation for the below targeted explore solutions.The Fourth: Combining with the above, according to the case analysis of fraud motivation,forms and harm, targeted to seek solutions. Combined with the analysis of legal problems in the third par at the same time, this part perfects the related system, measures to the specification of the company and its shareholders. So as to reduce the fraud of listed companies. |
