Tokyo Barrister: Start the law firm bankruptcy

Chapter 709 Beiyuan's Killer Move

"Hurry up, go check this Fukumoto real estate project!" Kurosaki shouted to himself in Kitahara's office. Several prosecutors immediately ran in and took the materials selected by Kurosaki with great trepidation.

"It's rare that so much information was brought in from the Tokyo Central Bank a few days ago!" Kurosaki said, "You must thoroughly investigate the loan situation of this Fukuda Real Estate!!!"

Kitahara listened to the words of the chief prosecutor and thought in his heart.

These days, I have been thinking about how to break the deadlock.

That Hanzawa is a tough opponent. I'm afraid the bank asked him to deal with the Financial Services Agency.

During the on-site inspection a few days ago, Kitahara also witnessed how powerful Hanzawa was.

What should be done to defeat this powerful opponent?

Kitahara looked at the project information of Fukumoto Real Estate again, and suddenly a bold idea emerged in his mind.

After giving his instructions to his subordinates, Kurosaki turned around and looked at Kitahara. The chief prosecutor had just flipped through the project information of Fukumoto Real Estate.

Kurosaki, who has rich experience, felt it was difficult.

Because according to the information, Fukumoto Real Estate and the Tokyo Central Bank have had a long-term cooperation.

The repayment of principal and interest has also been normal.

Indeed, it is suspicious to transfer such a high-quality loan project. However, there is no law that prohibits banks from doing so. If you have 10,000 yen, you can give the money to anyone you want. It is just a simple transfer of the loan, and it does not violate any regulatory regulations.

If we want to continue the investigation, we must prove that the loan from Fuben Real Estate has become bad.

But the question is, how to prove it?

The records of principal and interest repayment in the data are all clear and normal.

Could this be a bad loan? Even Kurosaki himself began to doubt it.

"I say, Lawyer Kitahara. How are you going to prove that this is a bad loan?" Kurosaki couldn't help but ask.

"Banks have many ways of covering up bad loans. For example, they extend the loan period, deliberately misclassify the risk of loans, and borrow new money to repay old loans," Kitahara said. "If Fukuhashi Real Estate's loans have become bad, then the Tokyo Central Bank must have taken certain measures to cover up the bad loans. We need to determine their methods of covering up the bad loans and then investigate them in reverse."

Kurosaki stared at the Fukumoto Real Estate information in his hand and said hesitantly, "However, based on this information alone, I can't guess their method. You said it was a loan extension? That's not it. Fukumoto Real Estate's loan for this project has basically not been extended, or the number of extensions is very small."

"If you say it's borrowing new money to repay old debts, that's not right either. Because a prominent feature of borrowing new money to repay old debts is that the subsequent loan scale will continue to grow, and this project obviously does not meet this requirement."

Kurosaki felt a headache.

"I believe this project must be bad." Kitahara said firmly.

"why?"

"Look at this news from a year ago."

Kitahara turned the computer screen around and pointed it at Kurosaki.

On the screen was a news report with the title "Fudan Real Estate's management team is shaken, and internal divisions within the company are suspected to be intensifying."

The content of this news is that the management of Fuben Real Estate was suddenly reshuffled, and it is suspected that the major shareholder is very dissatisfied with the current management. Of course, the management has fought back. There are signs of division within the company. At the same time, at the end of this news report, it is also mentioned that some suppliers have reported that Fuben Real Estate has begun to prolong the payment period.

"If there is no problem with the company's profits, will shareholders be dissatisfied with the management?" Kitahara said, "It happened that after this report, the credit scale of Fukuba Real Estate with the Tokyo Central Bank was close to 500 billion yen, but now it has been reduced to 300 billion yen. There must be something fishy here."

Kurosaki immediately grabbed the mouse and began to read the news provided by Kitahara.

Indeed, if Fudan Real Estate is also having difficulties in its operations, then this loan is likely to be non-performing!

But the question is, what methods did the Tokyo Central Bank use?

Kitahara then took out several sheets of Fukuba Real Estate's project data and pointed, "Director Kurosaki. Before the 30 billion yen was issued to Fukuba Real Estate, the Tokyo Central Bank also issued a 30 billion yen loan in the previous two years. However, what's interesting is that many of the interest payment records and many of the principal repayment operations were paid in cash."

Kurosaki frowned and immediately started flipping through the pages.

At this time, the prosecutor from the Financial Services Agency felt something was unusual.

Homebuyers pay for their homes through bank transfers.

However, when it comes to repayment of principal and interest, many of Fubon Real Estate's operations are repaid in cash.

This is indeed a huge anomaly.

But the question is, if it is done in cash, how can the bad debt be covered up?

After hearing what Kitahara said, Kurosaki became even more confused.

However, suddenly, the chief prosecutor thought of a trick.

This method is exactly the same as the one used by Fukushima Real Estate to repay the Tokyo Central Bank loan with multiple cash payments.

"Could it be——!" Kurosaki blurted out:

"Empty to take, empty to store!"

Kitahara and Kurosaki both said in unison!

"That's right! Director Kurosaki." Kitahara said, "I suspect that the Tokyo Central Bank used the 'empty withdrawal and empty deposit' method to cover up the existence of bad loans."

【Empty Take Empty Store】

[The so-called empty withdrawal and empty deposit refers to the collection and withdrawal operations without actual cash flow. For example, the bank records that it received a cash of 100 million yen. But in fact, the counter did not receive the cash. At the same time, the bank records another cash withdrawal of 100 million yen. In this way, the cash inflow and outflow are smoothed out. At this time, the bank's account shows a false operation of cash deposit and cash withdrawal.]

Kurosaki's eyes could not hide his excitement. "That is to say, the monthly cash repayments of Fukumoto Real Estate may be fake. The Tokyo Central Bank did not actually receive any cash. They just recorded a fake cash receipt, and as long as they processed a cash withdrawal of the same amount at the same time, the entire account would be balanced!"

"And since Fukumoto Real Estate does not need to actually repay the loan, the badness of the entire loan is also covered up by this operation!!!!" Kurosaki became more and more excited as he spoke.

"Then, as long as we can confirm that the head office business department of Tokyo Central Bank received a cash repayment from Fukushima Real Estate and also made a cash expenditure of the same amount, we can identify the bank's illegal behavior," Kitahara said.

The top lawyer immediately spotted the bank's flaws.

Kurosaki immediately ordered his subordinates to start an investigation according to Kitahara's instructions.

Kitahara's killer move is here.

He caught the possibility that banks were using the method of empty deposits and empty withdrawals to cover up bad loans.

How should Hanzawa respond?

(End of this chapter)