Tokyo Barrister: Start the law firm bankruptcy

Chapter 953 Battle
Kitahara's arguments shocked the entire courtroom.

The lawyer stated directly that Mountain Lake Capital did not engage in any fundraising activities.

This is tantamount to completely negating the prosecutor's office's argument.

Moreover, Beiyuan's argument is based on the perspective of Shanhu Capital acting as an intermediary.

This is like your friend A borrowing money from another friend B.

Both the borrower and the user of the money are A.

You can't say that you've committed the act of absorbing funds.

This is a very clever argument.

Akie's eyes widened slightly upon hearing Kitahara's words. Just when she thought she had the case under control, this lawyer had dealt her a heavy blow. She never imagined that the lawyer in front of her would start from such basic facts to argue against the prosecutor's office.

The male lawyer in front of me seemed to possess some kind of power.

Where the impossible is possible, we create the possible.

The prosecutor's assistants at the scene were already sweating profusely. After understanding Kitahara's arguments, they immediately began frantically flipping through the case files. The facts were indeed as Kitahara claimed: Shanhu Capital was indeed the platform provider.

In this way, Kitahara's rebuttal did indeed greatly shake the prosecutor's charges.

None of the bystanders expected Kitahara to attack from this angle.

Moreover, it hit the nail on the head.

Prosecutor Iwanaga, who had previously handled the Kyoto University case, was also in the audience. He listened to Kitahara's rebuttal and unconsciously smiled. Iwanaga glanced at Takada and Akie in the prosecutor's seats. Seeing Akie's flustered expression, he knew that the Kyoto High Public Prosecutors Office had clearly not taken his warning to heart.

After all, I am just a local prosecutor's office in Kyoto.

Why would the High Public Prosecutor's Office listen to the advice of a prosecutor from a local prefecture?

However, now you're in for a rough time.

Komikado and Machiko also witnessed Kitahara's rebuttal.

Machiko hadn't anticipated that Kitahara would be able to argue from the perspective of a mediator. In Machiko's eyes, Kitahara was about her age. However, his brilliant courtroom skills were something she could never replicate.

“Kitahara… Attorney Kitahara, you’re amazing!” Machiko couldn’t help but exclaim.

Komekado smiled. "His insight is indeed very sharp. In recent years, one of the development trends of illegal fundraising is platformization. Therefore, in practice, it has also caused a great deal of controversy. He is able to notice this, which shows he has some skill."

Qiu Hui quickly calmed herself down.

The Tokyo High Public Prosecutors Office has prosecuted many cases of illegal fundraising in previous years.

I also have experience dealing with these so-called intermediaries and conduits.

Qiu Hui quickly flipped through the evidence materials.

We absolutely cannot afford to lose this trial to this lawyer!

However, the lawyer in front of her did point out the flaws in the prosecutor's charges. Although Qiu Hui forced herself to remain calm, her hands trembled slightly as she flipped through the documents due to her nervousness.

Soon, Qiu Hui also found points in the case file that were favorable to the prosecution.

"Your Honor," Qiu Hui immediately stood up and said, "Regarding whether the intermediary constitutes illegal fundraising, according to current laws, as long as the intermediary engages in self-financing or disguised self-financing, it also constitutes fund collection."

Qiu Hui continued:
"Although Shanhu Capital is the platform provider, a large amount of funds are tied up in Shanhu Capital. Shanhu Capital illegally misappropriated these funds for investment and wealth management, including investments in high-risk financial activities such as futures!"

"Judging from the use of these funds, although Shanhu Capital is a platform provider, it has actual control and usage rights over these funds. Therefore, Shanhu Capital is actually self-financing, and it is not a simple platform provider or conduit provider as claimed by the defendant's lawyer!"

Qiu Hui truly deserves to be called an elite member of the prosecutor's office.

The situation has been reversed once again.

Qiu Hui's words had barely fallen—

Kitahara retaliated again:
“Using a portion of the deposited funds does not equate to self-financing. This is actually quite common in internet companies and other similar businesses. For example, in online shopping, the price you pay for a product is not immediately transferred to the seller's account, but rather after a period of time.”

"Online shopping platforms also accumulate a large amount of funds. These platforms then utilize these funds for financial investments, increasing the efficiency of their capital utilization. Doesn't this constitute illegal fundraising?!"

"So-called self-financing means that Shanhu Capital must assume its own repayment responsibility and make a commitment to interest returns. However, the prosecutor's office's evidence on this point is clearly lacking. The evidence against Shanhu Capital for self-financing or disguised financing is obviously insufficient!"

"Are you faking it?!" Qiu Hui roared. "If Shanhu Capital didn't raise funds itself, why can't it pay back its money now?! If it's just an honest and law-abiding intermediary or platform, where did such huge losses come from?!"

"Such a huge loss is due to Ant Breeding Company's misjudgment of the market price of ants!" Kitahara retorted. "The ant market did not develop as previously expected, which caused the huge deficit. However, the fault for this loss lies not with Shanhu Capital, but with Ant Breeding Company!"

"You can't put all the blame on the defendant!"

"The fact is, we can't repay the loan now!" Qiu Hui said angrily. "It's unacceptable that you think the platform bears no major responsibility here!"

"You can't judge a mistake based on the outcome!" Kitahara said. "You're judging whether someone has committed illegal fundraising solely based on whether they can repay the loan! That's purely outcome-based! To determine whether someone has committed the crime of illegal fundraising, you must judge whether they engaged in fundraising activities, not whether they were able to repay the funds afterward!"

Kitahara and Akie —

The two were at loggerheads.

They did not back down an inch.

Beiyuan identified Shanhu Capital as the intermediary.

Qiu Hui, on the other hand, closely monitored Shanhu Capital's use and allocation of the deposited funds.

The North argues that these uses do not exceed reasonable commercial limits for improving the efficiency of capital utilization.

None of the audience members present expected this—

A case of illegal fundraising that should have been supported by solid evidence has so many suspicious points.

"The Tokyo High Public Prosecutors Office's handling of this case is clearly inappropriate!" Kitahara shouted. "If you believe that the defendant, Aso, has committed a crime, then you shouldn't just prosecute the intermediary, but also the Ant Breeding Company! And the actual user of the funds!"

(End of this chapter)