Zheng Gang accuses Luo Yonghao of tax evasion; Luo retorts false accusations could lead to prison
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On September 28, a hashtag accusing Luo Yonghao of tax evasion trended on Weibo. The previous evening, Zheng Gang, founder of Zihui Venture Capital, publicly accused Luo and his company 'Jiaogepengyou' of major tax evasion. Zheng claimed Luo used multiple shell companies to launder money and evade taxes, many of which have been dissolved. Luo Yonghao responded immediately, calling the accusations slander and warning that false accusations are a crime. He also questioned Zheng's legal status, noting Zheng is a restricted individual due to debt but allegedly traveled to South Korea illegally. Luo further stated that if the case is filed, it would likely lead to Zheng's imprisonment. The conflict stems from a prior dispute over equity repurchase and a 15 million yuan loan after the collapse of Smartisan Technology, with both parties having clashed online multiple times before.
Source report
On September 28, the topic "Luo Yonghao accused of tax evasion" trended on Weibo.
The Allegation
On the evening of September 27, Zheng Gang, founder of Zihui Venture Capital, filed a public complaint accusing Luo Yonghao and his company "Friends" of major tax evasion. In his complaint, Zheng Gang alleged that Luo Yonghao used the names of Luo Yongxiu, Huang He, and colleague Li Jun to register dozens of shell companies for money laundering, constituting serious tax evasion. He further claimed that dozens of limited partnership entities involved in money laundering had already been dissolved.
Zheng Gang stated: "Even if you have dissolved them now, I can bring them back to life. Let's see how much tax you owe in these limited partnerships and how much money has flowed through them."
Luo Yonghao's Response
In an immediate response, Luo Yonghao said he had taken screenshots of the complaint and remarked: "Too many online thugs have no idea that false accusations are a crime." He called on netizens to help capture and preserve evidence.
Additionally, Luo Yonghao publicly questioned whether Zheng Gang, who has been listed as a dishonest person subject to enforcement and placed on a travel restriction list, had illegally traveled abroad to post from South Korea. "Some say Zheng Gang might have used a friend's private jet, so court-imposed travel restrictions don't apply to him. That is a completely ignorant statement. Are you treating court restrictions as a joke?" Luo Yonghao added: "When I was under travel restrictions, I traveled across China in a motorhome for a long time. Many unscrupulous business veterans have gray-area methods to secretly fly, and some even offered to help me with air travel, but I politely declined. I can't afford to lose face like that."
Escalation
In the early hours of September 28, Luo Yonghao issued another strong response: "Zheng Gang, who is suspected of illegally leaving the country, posted a false accusation of tax evasion against me from South Korea, and it has trended. Once this case is filed, it will likely be enough to sentence Zheng Gang to prison."
Background
Zheng Gang was an early investor in Smartisan Technology. He and Luo Yonghao have been embroiled in disputes over share buybacks and a 15 million yuan loan since the company's collapse. Following Smartisan's failure, the two have repeatedly clashed online.
Source
腾讯财经Eastern
Part of this Story
Luo Yonghao denies tax evasion allegations from investor Zheng Gang on Weibo