Kunming FRAUD

SerdarAnash (1 post) • +1

Hi all,

We are an architectural company from Turkey and we were recently contacted by a company in Kunming and the project they proposed has been dealt by this forum on this thread before. I do not believe in coincidences. So I would like to write here and expose them.

The project details are a 36 floored hotel with a 98,000,000 € budget.

Company information is;

China Yunnan Investment Group.
(They even have a bloomberg company report)

Mr. Guoliang Liu
+86 18987568520
Email; chinakmg@cnyig.com

Francisco Javier (15 posts) • 0

They are the same who cheat about 15 firms worldwide per year.

Y will write to them again with copy to other people are interested in do something again them.


AltoCoder (1 post) • 0

The official website of the company is www.cnyig.com which

is genuine however Mr Guoliang Liu uses chinakmg@cnyig.net .net instead of .com is the first red flag. Anything to do with this gentleman is a scam

michael2015 (549 posts) • 0

Congrats on dodging that bullet. If you've NEVER done business in China - you absolutely need a 3rd party proxy partner to help with due diligence. ANY of the law firms on this site can help you execute due diligence for a nominal fee (usually around CNY 5k ~ USD/EUR 700.

If your firm cannot afford the due diligence fee - you absolutely cannot afford to do business here.

Also - be aware - as a foreigner, most local firms triple or more their basic rates - so that CNY 5k due diligence fee - you should expect a price-gouging attorney to initially solicit CNY 15k or even more. Blacklist those kinds of firms.

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