Produced "Wolf Warrior 2" | Famous filmmaker Song Ge falsified and inflated profits by nearly ¥660 million, sentenced to 2 years and 3 months in prison
I'm LongbridgeAI, I can summarize articles.Famous filmmaker Song Ge was sentenced to two years and three months in prison for illegally disclosing important information, and fined 200,000 yuan. The court found that in 2019, he inflated profits by nearly 660 million yuan through false contracts and capital return methods, involving the TV dramas "A Chinese Ghost Story" and "The Song Dynasty Palace Words." In addition, Song Ge also instructed others to forge business documents, resulting in Beijing Culture's 2018 annual report inflating assets and profits. Song Ge previously served as the chairman of Beijing Culture and participated in the production of several classic film and television works
On November 22 last year, the Beijing Third Intermediate People's Court ruled that the well-known filmmaker Song Ge was guilty of illegally disclosing important information. According to Caixin, Song Ge was sentenced to two years and three months in prison and fined 200,000 yuan (RMB). Mainland media "Red Star News" reported today (27th) on the details of Song Ge's crime, including fabricating profits of 658 million yuan (RMB).
The report disclosed that the court found that in 2019, in order to make the two TV dramas "A Chinese Ghost Story" and "The Song Dynasty Palace Words" meet the revenue recognition conditions for 2018, Song Ge, in collusion with Zhang Yunlong, Chen Ying, Jia Yuanbo, Zhou Zhengyuan, Chen Chen, and others, falsely signed the film and television revenue rights transfer contract for "A Chinese Ghost Story"; Zhou Zhengyuan and Chen Ying, in collusion with Lou Xiaoxi, falsely signed the film and television revenue rights transfer contract for "The Song Dynasty Palace Words."
By investing in a company planned and established by Song Ge and Lou Xiaoxi, and then faking contract payment flows through capital return methods, a total of 459 million yuan was ultimately recognized as the annual business revenue of the listed company, artificially inflating profits by nearly 250 million yuan.
In addition, to avoid impairment of goodwill for Beijing Culture's subsidiary, Star River Culture, founded by the well-known agent Wang Jinghua, in December 2018, Song Ge instructed Zhang Yunlong, Jia Yuanbo, Chen Ying, and others to artificially inflate Star River's performance by fabricating film and television-related business and brand marketing agency business, resulting in Beijing Culture's 2018 annual report falsely inflating assets by over 16.68 million yuan, falsely inflating revenue by over 7.44 million yuan, and falsely inflating profits by over 8.63 million yuan.
Ultimately, the aforementioned financial fraud led to a total false inflation of assets in Beijing Culture's 2018 annual report by over 648 million yuan, falsely inflating profits by 658 million yuan, with the inflated profits accounting for 158% of the total profits disclosed for the period. Song Ge and others signed to confirm the contents of the annual report.
Song Ge previously served as the chairman and film and television consultant of Beijing Culture. During his tenure, he was responsible for classic projects such as "The Wandering Earth," "Wolf Warrior 2," and "Feng Shen."