Tokyo Barrister: Start the law firm bankruptcy

Chapter 693 The Battle of Financial Regulation: The Smoke of War Rises!

"Do you know this lawyer Kitahara?" Nakajima asked. The Financial Services Agency chief also became curious and walked into the reception room with Kurosaki.

"I've heard of this lawyer Kitahara," Kurosaki said.

"Did you know that there was a lawsuit about road spillage on Kawamoto Expressway?" Heisaki said, "He was the lawyer representing the driver of the accident and sued Kawamoto Expressway."

"This lawsuit later revealed that Kawamoto Expressway cut road maintenance expenses and falsified corporate expense items," Kurosaki continued. "Kawamoto Expressway is not just a highway company. It also packaged the highway revenue into securities assets and sold them to the outside world."

"So, Kawamoto Expressway also committed fraud in issuing securities certificates. Our Financial Services Agency has also opened an investigation into this. This is the first case in Japan where a highway company's revenue securitization has been investigated and punished."

It is also because of this that Kurosaki has an impression of the name Kitahara.

The first case of financial regulatory penalties against a highway company for revenue securitization.

It has also sparked a lot of heated discussion in the financial regulatory industry.

Nakajima knew about this first investigation and supervision case against a highway company. However, he did not expect that the source of a series of subsequent incidents was actually a lawsuit involving road spillage.

After hearing what Kurosaki said, Nakajima actually wanted to meet this lawyer.

Soon, footsteps were heard outside the reception room where Kurosaki and Nakajima had arrived.

A young man in a gray suit walked in. On his suit jacket was a scale sunflower badge. The scale sunflower is the emblem of the Japanese lawyers.

The person in front of him was lawyer Yoshikazu Kitahara.

Young! What a young lawyer! Nakajima didn't expect that he was such a young lawyer.

Kurosaki was also surprised when he saw the man in front of him. They all thought that it would take at least a mature and experienced lawyer to win the lawsuit against Kawamoto Kou.

Kurosaki coughed slightly, sat down on the chair, and went straight to the point. "Welcome, Mr. Kitahara. We at the Financial Services Agency have limited time. Please tell me directly what illegal activity you want to report or expose? Which financial institution is it related to? After reviewing it, our Financial Services Agency will handle it according to the law."

Kitahara also sat down.

Following the information provided by Kumemon, he came to find Kurosaki for assistance.

However, he was a little skeptical about whether the Financial Services Department could provide any help.

After all, it is still uncertain whether the Financial Services Agency would be willing to cooperate with a lawyer.

"Eriko."

Kitahara directly said the woman's name.

The moment he heard the name, Nakajima's eyes widened.

"What? Do you have any clues about Eriko? What are they?!" the Financial Services Agency director immediately asked.

However, the young man in front of him did not answer the officer's question.

Kitahara put forward his request succinctly:

"I want the Financial Services Department to cooperate with me."

Nakajima was stunned for a moment, then smiled and said, "Do you know who I am? Lawyer Kitahara, your tone of voice is a bit too arrogant. Our Financial Services Agency will handle the case according to the law, but it has not yet reached the point where we need to cooperate with lawyers."

"This is Junichi Nakajima, the Commissioner of the Financial Services Agency," Kurosaki introduced.

"If this is your attitude, then I'll take my leave." Beiyuan stood up neatly, turned around and was about to walk out.

Nakajima didn't expect that this lawyer Kitahara would have such an attitude. However, when he thought that this lawyer might have clues about Eriko, he couldn't help but call Kitahara again:

"Wait a minute. Tell me what you probably have first."

Hearing Nakajima's words, Kitahara's mouth curled up slightly. He was playing hard to get just now. He had known for a long time that the Financial Services Agency had been investigating Eriko, but had not been able to make a breakthrough. They would definitely be interested in the clues he could provide. Although Kitahara didn't know why the head of the Financial Services Agency came to receive him together with Kurosaki, this occasion was just right.

"I just represented a case involving bidding fraud at Shinjuku City Hall," Kitahara said. "Shinjuku City Hall is suspected of internally awarding many projects to companies related to Eriko. I think you might be interested in this."

Could it be the case recently decided by the Tokyo Metropolitan Finance Department? Nakajima watched the press conference where the city hall apologized, and he didn't expect that it was also the work of the young man in front of him.

Kurosaki felt that this young lawyer was more interesting than he had imagined.

Kurosaki has always been a person who takes unconventional and unconventional approaches.

There is no precedent for the Financial Services Agency to cooperate with lawyers.

If lawyers participate in the Financial Services Agency’s investigation, will it bring different results?

Kurosaki suddenly felt eager to try.

Before Nakajima could speak, Kurosaki said directly, "We at the Financial Services Agency can hire you as a consulting lawyer to participate in the investigation."

"But..." Kurosaki said, "If the investigation does not go smoothly or fails, according to the regulations of our Financial Services Agency, the responsible personnel must be punished. In your case, we will let the Bar Association intervene and review your performance of duties. At that time, you may be subject to disciplinary sanctions to explain to the public. Do you have any questions about this?"

Kurosaki posed a dilemma.

This is also a test for the male lawyer in front of him.

It's fine to investigate with the Financial Services Agency, but if it fails, you will have to be the scapegoat.

From disciplinary action to possible loss of law license.

This is the price of cooperating with the Financial Services Agency.

"No problem." Kitahara replied directly.

In a sense, Kitahara has no room for bargaining with the Financial Services Agency.

He could face desperate situations brought by Eto at any time, and he is willing to pay a price in order to borrow the power of the Financial Services Agency.

At this time, the door of the reception room was closed.

Kurosaki didn't expect that this lawyer Kitahara would agree without much thought. Interesting, a really interesting young man.

"Please prepare your personal information first, and then fax it to our Financial Services Department. After we review it, we will give you the title of consulting lawyer." said Kurosaki.

Perhaps there is a destiny in all things.

Kitahara and the Financial Services Agency reached a cooperation agreement by chance.

When fate intends to bring different people together, they are always quickly tied together by accident.

At this time, the three people in the room - Kitahara, Kurosaki, and Nakajima - had no idea that Eriko had already taken the lead. This powerful woman in the underground industry took the first step: she asked someone to report that her company had an improper cooperative relationship with the Tokyo Central Bank.

She wanted to use this opportunity to shift all the illegal things to the Tokyo Central Bank and to the man named Hanzawa Naoki! In this way, she could complete the goal of whitewashing the industry.

There was a rapid knock on the reception room door.

A subordinate from the Financial Services Department came in with a letter in his hand. He said in a somewhat inappropriate manner, "Chief Nakajima, Director Kurosaki, we just received a letter of complaint!"

Kurosaki took it and motioned for the subordinate to go out. When he was about to let Kitahara go out, he found that the letter of complaint in his hand was actually a letter reporting on the Tokyo Central Bank and Eriko's affiliated companies.

what happened? !

God-given opportunity?!

A lawyer just came here to help, and now we have received a letter of complaint? !

God help me!!

"It's a letter of denunciation against Eriko!" Kurosaki said to Nakajima and Kitahara.

The chief prosecutor quickly opened the letter and began to read it.

The letter mentioned an organization called Yoshizawa Trust. Kurosaki knew Yoshizawa Trust, a trust company that was said to be related to Eriko. He had investigated the company for a long time before, but he did not find any substantial connection with Eriko or any solid evidence of illegality.

The report stated: Last year, Yoshizawa Trust assisted the Tokyo Central Bank in an illegal operation to evade regulation.

The Tokyo Central Bank has a huge amount of non-performing loans of 300 billion yen.

To cover up the bad loan, the Tokyo Central Bank injected 300 billion yen into a project under the name of Yoshizawa Trust.

Subsequently, Yoshizawa Trust used the 300 billion yen to purchase the 300 billion yen of non-performing loans from the Bank of Tokyo.

The Tokyo Central Bank spent 300 billion yen, which then flowed back to the bank through Yoshizawa Trust.

The bank did not lose any cash.

However, this huge amount of 300 billion yen of bad debts was removed from the bank's balance sheet.

Gone!

Heisaki immediately realized what the complaint letter was about. This was the way banks evaded supervision of non-performing loans—false reporting of financial statements!!!

【False reporting】

[The so-called false balance sheet refers to banks and other financial institutions removing non-performing assets from their balance sheets through illegal operations in order to evade supervision and beautify financial statements. This usually involves false transfers or holdings of non-performing assets on behalf of others.]

False reporting of financial statements is a very serious violation.

If discovered, the bank will suffer severe penalties.

That means you may be subject to a huge fine.

The relevant branches may have to suspend operations for rectification.

In the most serious cases, it may even lead to the replacement of management.

The person who led the Tokyo Central Bank's illegal operation mentioned in the report was——

Hanzawa Naoki!

This is like killing two birds with one stone! I can investigate Hanzawa and Eriko at the same time!!!

If the contents of the report letter are true, then this time, Hanzawa, you are dead.

Kurosaki couldn't stop laughing loudly and said to Kitahara:

"I was wondering why it was so hard to investigate this Eriko. It turns out that she had gotten close to the Tokyo Central Bank!!! The Tokyo Central Bank is protecting her! If what this report says is true, then as long as we take down the Tokyo Central Bank, we will definitely be able to break through Eriko next time!!"

"Lawyer Kitahara, do you have confidence? Come with us to investigate the Tokyo Central Bank!"

"There is a tough opponent inside, named Naoki Hanzawa. Perhaps, you can find a way for us to deal with this Hanzawa!" Kurosaki let out a rather sinister laugh.

(End of this chapter)