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Shanghai Forte Land

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2019

    “Zhengda system” RMB 59.6 billion illegal fundraising case: Dai Zhikang sentenced to 19 years

    The “Zhengda system” controlled by Zhengda Group founder Dai Zhikang raised a total of RMB 59.666 billion from the public through platforms such as Zhengda Wealth by means of fake overdue claims and fake bid pooling, with unpaid principal of RMB 7.521 billion. In December 2022, the first-instance court sentenced Dai Zhikang to 19 years in prison and a fine of RMB 25.5 million, and fined Zhengda Cultural Creative Company RMB 100 million; assets under his name were frozen and auctioned.

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