Tokyo Barrister: Start the law firm bankruptcy

Chapter 694: Hanzawa Naoki's Crisis: Arrival

a few days later.

10:32 am.

The Executive Center, Meguro-ku, Tokyo.

Outside the venue, there was a sign with eye-catching Chinese characters printed on it: "Bank-Local Financial Institution Strategic Cooperation Ceremony." From time to time, the sound of microphones could be heard from inside the venue.

A signing ceremony is taking place in this high-end business venue.

Large banks such as the Bank of Tokyo Central Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation are collaborating with local financial institutions and implementing strategic plans that are different from the past.

Big banks no longer view local private financial institutions as competitors, but instead try to share and exchange resources with each other and engage in more cooperation.

Inside the venue——

The representative of the Tokyo Central Bank was Naoki Hanzawa, Deputy Director of the Sales Department.

Hanzawa agreed with the strategic planning ceremony he participated in today.

Big banks and small local institutions are not fierce competitors.

On the contrary, the two sides are complementary.

Just like a healthy water circulation system, there must be both large rivers and oceans as well as small lakes and wetlands.

However, at this time, Hanzawa could not have imagined that many local financial companies in Tokyo had been infiltrated by a woman named Eriko.

The original intention was to create a complementary business concept.

In practice, it becomes an offensive and defensive alliance to cover up each other and jointly deal with the regulators.

However, the vast majority of bank representatives present were unaware.

Because the level these representatives are at is not high enough for them to know the real intention of these business actions.

"Now, let's start the signing ceremony. Please invite representatives from each organization to sign the contract!" said a beautiful host next to her.

Hanzawa stood on the stage with other bank representatives.

The deputy director of the business department of the Tokyo Central Bank took out his signature seal.

Then a bright red signature was stamped on this "Strategic Cooperation Agreement".

The phone in Hanzawa's pocket suddenly vibrated.

Hanze frowned slightly. His phone had been vibrating since half an hour before the signing ceremony. But since he was standing on the stage, it was inconvenient to take out his phone.

After the signing was completed, representatives from various banks sat down on the stage.

Hanzawa took this opportunity to take out his cell phone and take a look.

There were nearly 30 missed calls from the head office on the screen.

what happened? !

Normally, this situation does not occur.

Did something happen?

Hanzawa was just trying to find an excuse to get away so that he could find out what was going on.

Just then, he looked up and saw his subordinates.

The subordinate looked very anxious and panicked.

He didn't even bother with the ceremony, and stepped onto the stage in two steps at a time. He bent over and came directly to Hanze's side.

The subordinate lowered his voice and said anxiously:

"Oh no! Vice Minister Hanzawa! Something happened! It's a big accident!!"

……

……

……

In the taxi, Hanzawa and his subordinates were rushing back to the Tokyo Central Bank headquarters.

"What happened?!" Hanzawa asked.

He knew that his subordinate was usually calm and wouldn't panic like that.

The subordinate swallowed and said, "This morning... this morning, the Tokyo Central Bank received... received a regulatory inquiry letter from the Financial Services Agency."

When he heard the words "Financial Services Agency", Hanze's brows immediately frowned.

Could it be that Chief Prosecutor Kurosaki has come to visit again? He really is haunting us!

However, the Financial Services Department actually sent a regulatory inquiry letter directly to the bank? !

This is a very rare situation.

Regulatory inquiry letters are usually sent by the Financial Services Department when it finds that a bank has committed serious violations. This letter usually lists the items and questions that violated the regulations and requires the bank to answer them.

When this situation occurs, it means that the Financial Services Agency has relatively clear evidence.

"Is that Kurosaki?"

"Yes."

"What are they trying to do with all this fanfare?"

"This time... the project of the Financial Services Department's regulatory inquiry... is..." the subordinate said hesitantly.

"What? What project is it?" Hanzawa asked.

"Yes...it's the Yoshizawa Trust project that you are in charge of." said the subordinate.

Yoshizawa Trust Project?! Hanzawa was stunned for a moment. He didn't have much impression of this project. He vaguely remembered that this project was introduced to him by Shirai Kaichiro, the vice president of the headquarters.

This project is an ordinary trust project.

The underlying asset should be a money fund with low volatility.

Why would such a trust project become the target of the Financial Services Department?

"Did something happen to Yoshizawa Trust?!" Hanzawa continued to ask.

The subordinate's voice trembled even more: "At that time, the Tokyo Central Bank injected 300 billion yen into Yoshizawa Trust. This project was led by you. However... However, for some reason, Yoshizawa Trust took the 300 billion yen back and purchased 300 billion yen of non-performing loans from the Tokyo Central Bank!"

The subordinate's voice fell.

Hanzawa was stunned in the car.

As a bank clerk, he certainly knew what this meant.

This is a false out-of-table operation.

That is, in order to embellish their financial statements, banks move these non-performing loans off their balance sheets through false transfers of non-performing assets, thereby evading investigation by regulators.

This is a serious violation of regulations!

If this case is proven true, it means that the Tokyo Central Bank will face heavy fines from regulatory authorities, and its main branches may even face suspension of operations.

This would be an unprecedented blow to banks.

how so? !

The bank actually colluded with Yoshizawa Trust to do this? !

Hanzawa immediately realized that he was being used. It was Shirai Kaichiro, the vice president of the headquarters! The person who referred this project to him!

"The bank's headquarters is holding an emergency meeting right now," the subordinate said. "The executives have all returned to the headquarters, and President Nakano is personally presiding over the meeting. They are now discussing how to deal with you, Vice Minister Hanzawa."

Hanzawa was listening to his subordinates' reports in the taxi.

fell into silence.

After going through a lot of hardships, he was transferred back to the bank headquarters from Tokyo Chuo Securities.

I didn't expect that I would encounter such a thing just after taking office.

This world always seems like there is an invisible hand blocking us.

This feeling is really annoying.

The only thing that is certain is that trouble is coming again.

"Vice Minister Hanzawa, please be careful!" the subordinate said worriedly, "It is said that many senior executives at the headquarters have expressed anger at your behavior after seeing the supervision letter. I'm afraid you will have a hard time at the meeting later."

The subordinate did not want to see Hanzawa get embarrassed in the meeting.

Although Hanzawa has only been his boss for a short time.

However, Hanzawa is a rare good person, the subordinate judged.

"We have to face it." Hanzawa looked out the taxi window and saw that they had arrived at the gate of the Tokyo Central Bank.

(End of this chapter)