Return to the exciting era of 1999

Chapter 1848: Almost Bankrupt

The other party took the letter of guarantee to the car sales company to apply for a loan to buy a car, which is also a bank affiliated with our trust. The other party bought the most expensive car.

As for the other party's credit card, it is also selected from dozens of banks under our trust, and we do not interfere with each other.

We did a rough calculation and found that the scammers used 200,000 as a guarantee and remitted 120,000 in one year, which is 320,000 in total.

He took away 1.14 million and made a profit of 820,000. This is just a conservative estimate. We also found that some of them bought our financial products and then went to the mortgage market for mortgage loans.

Many people took away millions from micro-loans in one go. We suffered huge losses this time.

The reason is very simple. Although our banks belong to a trust company, the accounts are basically only available to the top management and cannot be seen by the middle management at all.

As for those that are still recovering, the financial products we issued corresponding to these loans are now almost waste paper.

With a total of more than 4,400 people and a huge hole of nearly 8 billion, we have almost reached the point of actual bankruptcy.

When it comes to this loss, the uncle was very rude. He dumped all the bad debts on the table at once, not caring at all about Kan Changshun's gloomy face that was almost dripping with water.

Since opening this trust, Kan Changshun has been following one supreme principle.

Qin Han could only summarize and check the accounts of each company, but when it came to the precise data of the summary, Kan Changshun would not show it to anyone, as he was in absolute control of it.

Outside, Kan Changshun also has his own group of professional accountants.

These people are all experts in the industry, and they audit the accounts almost every month. However, Kan Changshun is actually wary of these people and can only show them part of the accounts.

Therefore, no one under Kan Changshun could truly coordinate.

In the past, Qin Han relied on his own judgment to reasonably arrange the relationship between various banks and invest. On the other hand, he parasitized on Ji Donglai's Yiyuan Zhizao and imitated and plagiarized in various ways.

The KeyB Trust, which seemed to be a solid foundation, was actually a mess. Only Kan Changshun could know the real and accurate data. With the vigorous development of the enterprise, Kan Changshun was too lazy to look at the accounts.

After all, there have been no major storms in all these years. As long as we keep a close eye on Ji Donglai, everything will be safe.

This time someone stole Ji Donglai's core chip, and Kan Changshun asked someone to test it. Now the other party has started to place orders, and if he can get more information, he will get big money.

When Kan Changshun was preparing to make a big move, all the bad debts from various banks were thrown to him, and Kan Changshun was stunned.

"Uncle, this is not an excuse. Since I handed the company over to you, you should be responsible. Making excuses is useless. How to break the deadlock is the key. I don't want excuses. I just want your solution. I want an answer within three days!"

It was clearly his own mistake, but Kan Changshun was completely confused at this moment. Nearly 300 billion was almost one-tenth of KeyB's market value.

If the outside world really knew that I was strong on the outside but weak on the inside, and the clients who entrusted their funds to me came to visit me, I would be completely finished.

The uncle just glanced at Kan Changshun indifferently, then turned around, picked up the teacup, and an imperceptible light flashed in his eyes.

"For now, we should launch more financial products and have our sales staff step up their efforts. Especially the big bosses, to bring our funds back."

"We should think twice before we act, think about danger, change and retreat. We were too rigid, focusing on one business and constantly increasing investment. It was OK in the first ten years, but in the second ten years, we almost failed."

"Ji Donglai has started to take the technological route, and the industry barriers are getting higher and higher. We have no way to imitate or copy. Just the machine tool factory alone, this time the other party sold directly to Europe. Our machine tools are still at the level of making low-priced goods for small factories. We missed the time to think about change, and now we can only think about retreating!" "Boss Kan, from the perspective of a person who has experienced it, I will say a few words that a professional manager should not say. If nothing unexpected happens, we have been targeted. If we can't find that person in time and solve the problem, we can only think about retreating!"

Looking at Kan Changshun's impatient look, the uncle knew he had said too much.

Kan Changshun has been running his business for twenty years and has become increasingly autocratic.

The financial company was unable to apply financial rules reasonably. It hired me and Qin Han but did not give us any rights. Now it's time to take the blame. Who can accept this?

The uncle didn't say much, and Kan Changshun didn't put all his hopes on his uncle.

Back in his office, Kan Changshun made a phone call.

"Please check for me in detail. Where did these people who defrauded us come from? Why did someone suddenly attack us? We have already informed everyone in the country who should be informed. This matter is not right!"

Kan Changshun is not a fool to be able to take away so much money at once.

Either they are a grudge against me, or they are a group that absolutely conflicts with me.

In addition, Kan Changshun ordered his subordinates to tighten the money supply, especially to strictly investigate those real estate loan projects, to prevent similar incidents from happening again.

"What? They won't lend our company a loan. I just had dinner with their CEO a while ago. That's impossible!"

One of the people affected by the incident was Yu Dahao, who was introduced to Kan Changshun by someone.

One can imagine what kind of reaction a property or a trust might cause.

Originally, many of Yu Dahe's projects were concentrated in the core circle of the city, which just suited Kan Changshun's wishes. The two companies hit it off, and when it came to home loans, Yu Dahe gave priority to the banks in the list provided by Kan Changshun.

The sales staff under him are salesmen to begin with, so of course they never get tired of giving rebates.

There are also many financial products launched simultaneously. The two companies are almost in a strategic partnership. It is hard for Yu Dahe to imagine that Kan Changshun's company will not lend him money.

After thinking for a while, Yu Dahe found a reason to call Kan Changshun.

"Boss Yu, the situation is a little tense recently. Don't worry, it will be resolved in a few days. We are in the mid-term review here, please leave first. We are not targeting you."

Looking at the list in his hand, Kan Changshun's eyes sparkled.

Many of the properties there were purchased from Yu Dahe's assets. Kan Changshun had a vague feeling that this matter was related to Yu Dahe, so he decisively stopped the other company's loan project in the bank.

"Is that so? Then we will get a loan from other banks first. Mr. Kan, when are you free? Let's go out and play golf together. It's been a long time since we played golf together."

Yu Dahe is also a banker, but he has no connections with them. Mid-term review? I haven't heard of it.

In case there is any misunderstanding between himself and Kan Changshun, Yu Dahe must resolve it in time.

"It's settled, Mr. Yu. I'll come find you in a couple of days!"

(End of this chapter)