Through the wealth life

Chapter 295 Government Takeover
When Wing Hang Bank and Hang Lung Bank suffered runs, Gan Qin was reporting the situation to Li Guangyu in Li Guangyu's office in Lee's Building.

After Li Guangyu heard this, he asked Gan Qin, "Where is Carrian Group, is there any latest news?"

Gan Qin said: "Sheng Li, since CCB and ICAC arrived at Carrian Group yesterday, they haven't left yet. The focus is on investigating Carrian Group's finances. At the same time, several senior accountants from our accounting firm have also been hired by CCB. Went there to help them track down, and Zhou Sheng also went there."

Li Guangyu knew that the Xiangjiang government had made up their minds to investigate Carrian Group to the bottom. They had mobilized so many elites from Xiangjiang, no matter how meticulous Chen Songqing's financial affairs were, these people would find loopholes.

Li Guangyu asked, "Is there any other news?"

"Li Sheng, news came out today that a number of banks have sued Carrian Group to the Xiangjiang government. Carrian Group's shares are worthless now, and the mortgage of Carrian Group's shares in their loans is no longer enough to obtain those few loans. So, ask Carrian Group to make up the difference, or directly repay the loan." Gan Qin said.

Li Guangyu was very aware of the intentions of these banks. They knew that the current loan would probably be difficult to recover. He hoped that he and others could appeal to the Xiangjiang government so that the Xiangjiang government could take over the Carrian Group and recover some of it.

Li Guangyu asked with a smile: "Gan Qin, tell me, what banks are there?"

Gan Qin said: "Li Sheng, this Carrian Group is really powerful. There are more than a dozen banks and financial companies that have stepped forward. Among them are Wing Hang Bank and Hang Seng Bank, which are currently being run on. Besides, Malaysia Yumin Bank, Guang'an Bank, Wing On Bank, etc.”

After hearing this, Li Guangyu said: "Gan Qin, you go and tell our people to continue to pay attention to these matters, and report back in time if there is any news."

Gan Qin replied, "Good Mr. Li."

At the headquarters of Carrian Group, CCB and ICAC, together with many professionals from Xiangjiang, inspected Carrian Group's finances all day and night, and found that there are many financial problems in Carrian Group.In particular, the company's financial report released to the outside world is suspected of serious fraud, defrauding the exchange and Xiangjiang shareholders.

After CCB and ICAC reported to their respective superiors, more than 30 high-level executives including Chairman Chen Songqing, Director He Guiquan, and Chief Financial Officer of Carrian Group were temporarily imprisoned, pending prosecution by ICAC and CCB.

At the same time, the Xiangjiang government announced to temporarily take over Carrian Group for follow-up processing.

As soon as the news got out, countless stockholders were angrily scolding Carrian Group, Chen Songqing and others, and even the executives of Xiangjiang Exchange became the targets of stockholders to vent their anger.

Many of them bought Carrian Group's stock when it was at a high level. At that time, when Carrian's stock fell, they thought that they would lose a lot after selling, and hoped that Carrian Group could rise again. However, now everything All dreams are shattered.

They were full of resentment about this, and even yelled in the exchange that the exchange's high-level executives had accepted bribes from the Carrian Group and jointly deceived the shareholders with the Carrian Group.

The high-level people of Xiangjiang Exchange listened to the yelling crowd, and their faces were very ugly.

Shaquille Raun, the chairman of the exchange, said: "This incident, our exchange also suffered an unwarranted disaster. How did we know that there would be such a problem with Carrian Group's finances. Shareholders are very excited now, Zhang Sheng, Please also come forward to appease everyone's emotions so that everyone can calm down."

The Zhang Xing middle-aged man named by Shaquille Lawn is Zhang Yuhua, and he is currently a department manager of the Xiangjiang Exchange.

Zhang Yuhua knows very well that these British people must have received a lot of favors from Carrian Group. Otherwise, most of the financials submitted by Carrian Group passed without much review. Very good, the above high-level staff are all British.

Zhang Yuhua said: "Mr. Lawn, I will go down and explain to the shareholders, so as to appease their emotions so as not to affect the normal order of our exchange."

Shaquille Raun said: "Mr. Zhang, this is a hard work for you. Don't worry, our senior management will remember your contribution, and we will consider it for future positions at the exchange."

Shaquille Raun was very happy after Zhang Yuhua took over the task. It is better to let Zhang Yuhua, who is also Chinese, come forward to communicate with this troublesome matter. I don't want to face these angry shareholders. If I let them know that I and Carrian The group's transactions, I am afraid that they have the idea of ​​​​killing themselves.

As for the promise to Zhang Yuhua, wait until this matter is settled, who knows what will happen in the future.Perhaps at that time, he was no longer in this position.

After Zhang Yuhua came to the trading floor, he held a loudspeaker and said: "Citizens, please be quiet. Our exchange is also very sad to encounter such a thing. At the same time, we are as angry as everyone else. Carrian Group deceived us into trading. Auditors at the banks. Just like they cheated the major banks, we are victims too."

These stockholders didn't buy Zhang Yuhua's account. They didn't believe that the exchange would be ignorant of this. Could it be that their auditors were all rubber stamps? Carrian Group's financial fraud was so serious that they would not have noticed it at all.

One of the stockholders said: "Mr. Zhang, you are also from Xiangjiang. You grew up here like us. How can you explain your conscience to us like this. You are also one of the executives of the exchange. Carrian Group and your exchange We don't believe that you will be ignorant of the matter in between."

Zhang Yuhua was embarrassed by what this shareholder said, which made him a little embarrassed.

Zhang Yuhua smiled dryly and said: "Please trust our exchange, we will never collude with listed companies to deceive you and intentionally cause you to suffer losses. Our exchange is really ignorant of this carrian incident, otherwise We have already suspended Carrian Group’s trading.”

Just when the shareholders were about to refute, a group of people entered the trading floor, showed their IDs to the staff, and said: "We are members of the ICAC Executive Office, please take us to the office of Chairman Lawn, we have something to do Need to talk to him."

After a staff member led the ICAC staff to Shaquille Lawn's office, the stockholders became lively again.

A stockholder said: "Mr. Zhang, didn't you say that you are just victims? Don't you have nothing to do with Carrian Group? Why is ICAC here now? They are an organization that investigates anti-corruption and bribery."

Zhang Yuhua felt that his face had been slapped several times, it was hot, he just swore to the stockholders that there was no problem with the exchange, and as soon as the words fell, ICAC personnel came to the exchange, he himself did not believe that ICAC would be fine matter.

Zhang Yuhua said: "Please calm down, you are of no avail. I believe the government will give you an explanation."

After Zhang Yuhua finished speaking, without waiting for everyone to reply, he turned around and left the trading floor, walking towards his office.

It's just that before he entered his office, he saw ICAC taking Shaquille Lawn out of the office. This time, the chairman of the exchange was obviously finished.

(End of this chapter)