Chapter 935 is far more serious than imagined!

Chapter 935 is far more serious than imagined!

Historically, those who dared to secretly misappropriate bank deposits to invest in real estate, such as Liao Baoshan of Liao Chuangxin Bank, eventually burst their blood vessels and died. Chinese-owned banks that dared to lure investors with high interest rates eventually broke out into serious bank runs and bank crises.

Nowadays, although Cai Chenzhou's ten beliefs have not exploded yet, they are already on the verge of exploding.

How did Cai Chenzhou deal with it in history?

After it was discovered in 1982 that Shixin's lending seriously exceeded its deposit reserves, someone signed a petition to the Department of Finance, proposing the reorganization of the Shixin Council and ordering Cai Chenzhou not to serve as the chairman of the Council. However, the signature was sent to the minister. The room was returned, sent back, and returned again. After many twists and turns, the matter was finally reorganized and nothing came to an end.

In March of the following year, it was discovered that the lending irregularities were even more egregious, and the matter was reported to the Ministry of Finance again, but still no action was taken.

In April, Shixin lending became more and more rampant. The Taibei Finance Bureau once again proposed to the Ministry of Finance. This time it not only requested the reorganization of the Shixin Council, but also hoped to suspend the Shixin lending business and suggested that the Ministry of Finance send personnel to Shixin to correct the problem.

Relevant parties just downplayed the problem on the grounds of stabilizing the financial situation. In the end, some Shixin employees couldn't stand it and sent a report letter to Mr. Jiang. Mr. Jiang was furious and ordered a thorough investigation of the matter.

The then Executive Director Yu Guoxiang knew that the cooperative treasury was no longer trustworthy. He was the former president of the Central Bank, so on January 1985, 1, he contacted his old relatives and decided to form an investigation team from the treasury units of the Central Bank. Early the next morning A simultaneous raid on seven branches of Shixin was carried out.

Originally, only a few people knew about this operation. Cai Chenzhou received the news on the day the plan was drawn up and sent a gang of thirteen brothers to the residence of Qian Chun, the vice president of the Central Bank, overnight to lobby, hoping to cancel the operation the next day. Qian Chun said sternly. Refused.

Although the operation was leaked, because seven companies were inspected at the same time, Cai Chenzhou had no time to move money to make amends, and Shi Xin's lies were completely exposed.

Cai Chenzhou knew that the end was lost, and he began to plan to escape with the money.

At first, he told the authorities that it was because a branch manager had misappropriated customers' public funds a few years ago, causing a deficit of 120 million. In addition, the money in Guoming Plastics' long-term bonds was not trustworthy, and these customers were worried about their own money. Money was also misappropriated, so the early termination of the contract resulted in poor cash flow and led to book discrepancies. I hope the competent authorities will grant a grace period to improve it, and I hope to get through this period of insufficient cash with the cooperative treasury financing of 1 billion.

Because the news of the financial inspection had already spread through the media, although the news coverage was not large at the time, a small number of customers still began to transfer funds out of the country. At this time, the Finance Minister was replaced by Lu Runkang. Originally, he did not want to lend money, but he was afraid of depositors. Unable to receive money, a panic broke out and a wave of bank runs broke out, so Shixin had to agree to cooperate in treasury financing, but the condition was that Shixin could no longer make loans to outsiders, and the amount was limited to payment of depositors' cash withdrawals and ticket redemptions. Financing would be stopped immediately if violations were violated.

Unexpectedly, the funds were only allocated on February 1985, 2, and Shixin loaned out the money to spend the billion, and also requested another billion in financing.

On February 1985, 2, a financing request was received for cooperation. The treasury knew that Shixin had defaulted on the loan, but did not want to suddenly receive a call from a senior official of the Ministry of Finance saying that the previously agreed loan restrictions were cancelled, and that the cooperative treasury should continue to lend to Shixin.

于是1985年2月6日十信又获得十亿，但隔了一天又再申请十亿，到了1985年2月8日一共融资了三十亿。

Dean Yu was furious when he received the news. Three billion yuan was lost. He could only urgently order Shixin to suspend business for three days, and quickly sent people from the cooperative treasury to take over all Shixin's business.

On the day of resumption of operations on February 1985, 2, the doors of each branch were crowded with people early on. Every depositor was eager to get their money out, fearing that they would not get the money in the end.

The money in the treasury was all empty, and the depositors began to clamor and panic. Fortunately, the person in charge quickly transferred money from the cooperative treasury, and people calmed down again.

Where did the three billion go?

It turned out that in order to collect the money and escape, Cai Chenzhou found more heads of Guoming Plastic Group to apply for loans, and sent his cronies within Shixin to do the accounting and help him withdraw the loans in batches. In this way, the three cooperating treasury companies One billion went in with the left hand and went out with the right hand, and finally entered Cai Chenzhou's pocket. Because of the wrong decision of the Ministry of Finance this time, Finance Minister Lu Runyi resigned.

Cai Chenzhou failed to escape in the end. The inspection unit had already locked his whereabouts and took him into custody on March 3 when the evidence of his crime was conclusive.

Shixin has been suffering from long-term fraud. Cai Chenzhou emptied the deposits of more than NT$10 billion, not counting the long-term bonds issued by Guojun Plastics. In order to make up for the depositors' money, the cooperative bank had to merge and take over Shixin. All other debts shall protect the rights and interests of depositors.

However, only ordinary depositors are protected. As for those who subscribed for Guoming Plastic's ultra-high-interest bonds, many of them will not get their money back in the end.

Guoming's other Cai family properties were also affected, and his brother Cai Chennan's Guoming Trust also suffered a run. It was only with the support of the government that it managed to survive. Then the economy just turned around and the assets under the trust soared. Festival.

Guojin Life Insurance, Lai Lai Hotel and other industries have drawn clear boundaries with Cai Chenzhou much earlier. His uncle Cai Wanlin even scolded Cai Chenzhou very unpleasantly in the media, fearing that the fire would burn him.

Cai Chenzhou's own end was very miserable. Because he repeatedly traveled between court and prison, his body became ill due to overwork and he developed liver cancer.

However, the public did not believe him and thought he was pretending to be ill. So when he was admitted to the intensive care unit for treatment due to liver cancer, a large number of people from all over Taibei City asked him to come out and face the problem.

When he was able to speak a little after the treatment, he was pushed to court again.

Finally, he passed away on the road. Unexpectedly, the public thought that he had faked his death and demanded that his body be released. In the end, it came to an end when a reporter sneaked into the morgue and took a photo of his final appearance. , the Shixin case was concluded.

but.

In history, did Cai Chenzhou really cheat his death?

Yang Ming felt that given the Cai family's status, influence and wealth in Wanwan, and even Cai Chenzhou's own network, this was a possibility.

However, the possibility is not high.

In other words, historically Cai Chenzhou should have died in prison, and his end would have been very miserable.

Today, the run crisis on Shixin has not yet broken out, which means it can still be saved.

Shixin is now in debt worth tens of billions of dollars.

Although it was a new moss coin, it was still a lot of money in 1984.

It is simply impossible for Cai Chenzhou and the Cai family to easily ask Yang Ming and the Imperial Group to help.

Yang Ming knew that Cai Chenzhou misappropriated many of Shixin's assets and entered the real estate industry.

Real estate in Wanwan began to skyrocket after 1987.

In other words, if historically, Cai Chenzhou and Shixin could not break out until 1987, perhaps Cai Chenzhou's situation would be better.

However, there is no if.

Cai Chenzhou talked for a long time and even told some secrets, just to gain Yang Ming's trust.

After Yang Ming listened, he said nothing and just looked into the distance.

This made Cai Chenzhou start to worry.

Please subscribe! !