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Beijing News (Reporter Wu Mengzhen) Beijing News reporter learned that recently, Beijing Huairou police launched a severe crackdown on business-related crimes such as suspected contract fraud, embezzlement, misappropriation of public funds, etc., successfully cracked a case of embezzlement of company property, and arrested two criminal suspects.

According to the police, the suspects Wang and Bai started to be in charge of the financial work of a company in Huairou District in 2011. As Wang and Bai performed well at work, they gradually won the trust of the boss, who began to neglect the supervision of their financial work.

Since 2014, the company's operating income has continued to grow, with nearly 1 billion yuan in funds in its account. Faced with such a large amount of funds, Wang and Bai had evil intentions and jointly embezzled the company's funds to buy financial products at the bank, and kept the profits for themselves.

With the success of misappropriation of funds, the two made huge profits and completely lost themselves. They used the company's money more and more and began to invest in social investment institutions. However, the investment institution's capital chain was broken and the several hundred million yuan invested could not be recovered. When the company needed a large amount of funds, the two's illegal behavior was completely exposed, so the company reported the case to the public security organs.

As the police intervened, Wang and Bai's behavior was exposed. At present, the two were arrested by the Huairou Public Security Bureau on suspicion of embezzlement, and the case is under further investigation.

The police remind: In order to ensure the safety of their own funds and property during the course of operation, enterprises should improve their internal financial management systems, improve their risk prevention and control systems, strengthen their supervision and restraint functions, plug loopholes in the mechanism, curb the buds at the source, and report to the public security organs in a timely manner once criminal clues are discovered.

Edited by Liu Qian and proofread by Jia Ning