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Chapter 110 President

A former director of the Tokyo School couldn't help but stand up and said, "Hanzawa! Let's not talk about whether your investigation reports are true! What is your way to deal with the Finance Department? Could it be that you want our Tokyo Central Bank president to accept the investigation and questioning from Financial Communications!!"

"The inspection at the Finance Department is an unavoidable question!" Hanzawa responded.

"Absurd! It's simply ridiculous!"

"Hanzawa! Do you know what would be like if our Tokyo Central Bank president was called to the Financial Office for a questioning?" another director said indignantly. "That was simply a suicide act toward our bank reputation. How would our competitors exaggerate? How would our customers view us?!"

Many people directly agreed.

Indeed, if this matter involves the president, it will indeed be a huge blow to the Central Bank of Tokyo. Although some of the directors present also participated in factional struggles, they were not as extreme as Shirai and Yamatoda, and they did not want to make such a big deal.

"The financial department will sooner or later discover the clues we can find," said Hanzawa. "The financial department will sooner or later discover the cover method we can think of. For fraudulent techniques such as "empty deposit and empty withdrawal", as long as you and I can find it immediately. This is something you and I cannot cover up anyway."

"Where are you going to place our bank?!" another director asked.

"Based on my judgment as a banker, it is not difficult for the Financial Department to discover this." Hanzawa looked up at President Nakano, "Is Fukuo Real Estate a bad loan? Is there any false billing operation? Now, the president is here. I would like to ask President Nakano to clarify a few words."

Nakano still had no big expression on his face when he heard Hanzawa's words.

Still a stern and serious look.

Just like an older teacher.

All the directors' eyes were gathered on Nakano.

They were all quietly waiting for the action of the bank's top official.

"I think the word 'credit' that Hanzawa mentioned just now is very correct." Nakano said, "Credit is the foundation of a bank's foothold. Without credit, a bank cannot gain a foothold in the long run."

"About Hanzawa's method of using 'empty storage and empty withdrawal'. I admit that I did use it." President Nakano said.

...is indeed used?!

The members of the board of directors were once again shocked.

The president actually directly admitted to using the method of "empty storage and empty withdrawal".

What's going on?!

Even the former deputy president of Shirai and former executive Yamatoda were so surprised that they couldn't speak. They didn't expect that Nakano would admit it simply and neatly.

This is simply incredible!

The president took the initiative to admit his illegal behavior, and no one would believe it if he said it!

Nakano continued to speak: "At that time, Fubuen Real Estate did have an operating crisis. But at that time, I judged that Fubuen Real Estate still had a turning point, so I made a decision without authorization and adopted the method of "empty and empty storage" to cover up Fubuen Real Estate's temporary inability to repay the loan."

"However, what Hanzawa said next is not correct. I used 'empty withdrawal' not to cover up the bad, but to just expand the loan with Fubuen Real Estate. Later, Fubuen Real Estate also resumed normal repayment of principal and interest. After careful judgment, I believed that the risks in the real estate industry have not been completely lifted, so after someone introduced me, I transferred the 30 billion yen loan to Pacific Feituo."

Nakano's words immediately made the incident even more confusing.

According to Nakano, Fukuto Real Estate will resume its ability to repay principal and interest. So, the 30 billion yen bad debt acquired by Yoshizawa Trust is not a loan from Fukuto Real Estate. So, which loan project is Yoshizawa Trust acquired by the bank?

Yamatoda immediately shouted loudly: "Governor Nakano. You just admitted the violation of 'empty storage and empty withdrawal', but did not admit that you had done false out-of-the-box operations. Do you confirm this?"

"I confirm." Nakano said calmly.

"So, since there has been a violation of 'empty storage and empty withdrawal', then the next operation of false statements is very suspicious! Can President Nakano ensure that what he said is true and can withstand the investigation of the Financial Department?" Owada pressed step by step.

"Yes, I did not conduct any illegal operations of false out-of-format outs." Nakano continued.

"If there is, what should I do?!"

"I am willing to resign from the position of president and take responsibility," Nakano said.

The president's words once again caused an uproar on the board of directors.

Hanzawa didn't understand what the president was doing for a moment. Although he had not had too much contact with the president of the Nakano, he intuitively believed that the president could not be so simple. At present, he admitted to the method of "empty storage and empty withdrawal", but denied that he had carried out "false out" operations and even gambled on the position of president.

Hanze couldn't know what the president was thinking.

Shirai laughed secretly when he heard Nakano's promise. Today's board of directors really didn't go out in vain. He caught two big fish, one of which was Hanzawa. This guy actually checked the president. The second big fish was Nakano. He actually admitted the illegal operation of "empty storage and empty withdrawal" in front of everyone.

In fact, Shirai knew that Nakano did this.

He was planning to take advantage of Nakano's past violations and frame Yoshizawa Trust directly on Nakano's head. The arrangement to acquire Fukuto Real Estate's 30 billion yen loan was introduced to Nakano at that time through the middleman. All this was done for today's actions.

"I hope President Nakano keeps his word," said Shirai. "Anyway, we are all members of the bank. We all hope that the future of the Central Bank of Tokyo will be better. If President Nakano does not involve false out-of-country operations, it is best. But if it is involved, then in order to maintain justice, even the president must accept the punishment he deserves!"

At the board of directors, Vice President Shirai's ambition was obvious.

If President Nakano is unable to prove his innocence in the end, he must resign from his position as President.

The factional struggle of the Tokyo Central Bank suddenly became fierce.

The successive and dramatic twists of the board meeting even made many directors unable to digest the amount of information contained in it.

At this critical moment, a secretary suddenly broke into the board meeting.

He looked panicked and said anxiously:
Chapter completed!
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