However, Jingzhou Bank did not transfer the funds into the regulatory account; instead, it transferred them to another account of the developer, which is Jin Ma Company.
This is truly impressive; with such maneuver, Old Tang could play some shrewd moves without needing any other details.
As for what happened to the money after it entered Jin Ma's account, that's unknown. The Housing Department provided evidence claiming that at the time, they had already sent letters to both parties to deal with the matter.
Afterwards, Jingzhou Bank provided a guarantee, which is the agreement with the regulatory bank.
Now we just have to wait for the court session, although we have this big piece of evidence, we are still missing something; we lack the detailed records of fund usage in the developer's account.
A few days later, the Guangming District Court commenced its session.
