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Chapter 109: The Battle of the Board

In the conference room, almost everyone could not believe this scene happened. A small bank employee dared to publicly say at the board of directors that the bank president tried to cover up the bad loans! This was about to spread, and it was probably a strange story in the industry!

However--

President Nakano was still sitting on the chair, his expression not at all.

Some former directors of the Tokyo faction could hardly sit still, so they were about to scold Hanzawa as a traitor.

"Do you know what kind of charge you are making?!"

"Hanze! Are you well-founded in your words?!"

"At the current checkpoint of the Financial Department, are you just making a fuss?!"

"Hanzawa, I doubt your motives!!"

At the board of directors, these former Tokyo-sponsored men immediately shouted and scolded.

When the original industry school saw this scene, it was applauding.

Yamato knew that this was a once-in-a-lifetime opportunity to attack the former Tokyo school, so he raised his voice even more:

"I don't believe that our wise President Nakano would do such a thing!! Hanzawa, Hanzawa! Do you have any evidence? Come out your evidence! Otherwise you will be slandering our President!"

As soon as Yamatoda's words came out, the entire board of directors couldn't help but become even more turbulent

At this moment, President Nakano finally spoke:

"Hanzawa is the person in charge of the investigation of the Yoshizawa Trust case appointed by me. He naturally has all the authority to investigate the case. He can investigate any suspected object in the bank. Even if the object is the president of the Central Bank of Tokyo, he must be investigated by Hanzawa."

"If the investigation is avoided because of fear of power, then what is the point of such an investigation?" Nakano said seriously.

Many former directors of the Tokyo faction wanted to protest to Hanzawa, but when they heard the president say this, they could only give up helplessly.

"Then, Hanzawa, please tell me your doubts." Nakano said.

The president's words were beyond Hanze's expectations.

Just as Hanzawa solved the debt recovery problem of Isejima Hotel, he received a personnel order that was transferred to Tokyo Central Securities.

Every move of the president was beyond his expectations.

Including the righteous speech in front of you.

Is President Nakano a good person?

Judging from these words, his fair style is reflected.

But the question is, how can a good person climb to the position of the president step by step in this abyss land like a quagmire?

Hanzawa was already unable to judge what kind of person the Nakano leader in front of him was.

However, the Financial Department's inspection is imminent and must be faced.

"I suspect that the loan of 30 billion yen Fukuto Real Estate transferred to Pacific Feituo is already a bad debt," Hanzawa said.

"What is your basis!!" A former director of the Tokyo School still couldn't help but speak out because of dissatisfaction, "We also read the Fuburo real estate materials you distributed. These loans are paid normally for principal and interest. What basis do you have to determine that it is a bad loan?!"

Hanze immediately took out the repayment record of Fubuen Real Estate's previous loan, "Please see that Fubuen Real Estate's repayment is a considerable part of Fubuen Real Estate's repayment in cash. This is obviously abnormal. Home buyers often pay the purchase price through bank transfers. So how could Fubuen Real Estate withdraw these funds into cash to repay the debts owed to the Tokyo Central Bank? This is very wrong!"

"I guess that in Fukube Real Estate, the Tokyo Central Bank adopted the fraudulent method of "empty deposit and withdrawal" to cover up the bad loan. The cash repayments of Fukube Real Estate were not actually stored. The cash collection was forged out of thin air. Then, the business department also made false cash withdrawal records. In this way, the account of the cash amount was flushed, and Fukube Real Estate also "repaid" the loan on the surface."

Hanze's words immediately made the directors present gasp.

Because empty storage and empty withdrawal are also an extremely serious violation.

In this way, the Tokyo Central Bank is adding mistakes.

Hanzawa looked at President Nakano, "Above, I have a problem with Fubuen Real Estate as a bad loan. Whether there is any error in judgment, as long as we retrieve the cash account of the sales department, we can know. If Fubuen Real Estate cash is deposited and repayed, there will be an equal amount of cash withdrawal. Then, my opinion can be confirmed."

Hanzawa's words fell.

Finally, the solution he gave was very direct.

As long as you retrieve the cash account from the business department, you can immediately know whether President Nakano has violated the "empty withdrawal and empty deposit". This is simply for sure.

"Enough! Hanzawa! You must respect our president!" shouted the former director of the Tokyo School.

"Respect - is it?" Hanzawa sneered.

"Dear directors here. I am just the second director of the second department of the business." Hanzawa's voice sounded, "I have no right to point fingers at how you should take the helm of the Tokyo Central Bank. I do not have such far-sighted skills and vision, nor do I lack the means and wisdom to manage."

"But, I want to remind you of a simple fact."

"Errors will not be a mistake because they are covered up."

"Lie will not become truth just because it is not discovered."

"Did President Nakano adopt the method of 'empty withdrawal and empty deposit' to cover Fukube Real Estate's bad loans? This matter still needs to wait for confirmation of the sales department's cash accounts before reaching a conclusion."

"At the end of the investigation report today, I want to emphasize two words-"

"Credit."

"The foundation for our bank to establish and develop is credit. As lenders, our bank has cash in hand that can never meet the withdrawal needs of all depositors. The reason why a bank does not face the risk of a run is that the depositor believes in our bank and believes that our bank has enough credit."

"From the borrower's perspective, the reason why our bank has released a loan is because we believe in the borrower's credit, and he will return our money on time in the future."

"The foundation of the banking industry ultimately lies in the word credit."

"If you make a mistake, face it honestly."

"If you hide and cover it up, this is a mistake."

"When you start cheating, you gradually lose your credit."

"And a bank without credit, I believe it will not go far in the end."

“Because it goes against the foundation of the industry.”

"How to face the inspection of the Financial Department? Please decide on the decision by all directors and President Nakano."
Chapter completed!
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