Desperate Hacker

Chapter 530 Supply Chain Finance

Nanyang Trading, a scammer, finally got another cut from Chen Qingfeng.

Chen Qingfeng had no regrets about this.

Because this is exactly the result he wants.

He is now under the surveillance of the Independent Commission Against Corruption.

We cannot leave Xiangjiang for the time being.

Therefore, even Mr. Liu's people did not dare to harass him.

Liu Yiyue got the news soon.

But at the same time, all the top executives of Nanyang Trading's board of directors were also taken away, including the company's founder.

The Independent Commission Against Corruption is about to launch an investigation.

At this time, Mr. Liu came to Pengcheng, across the river, watching the situation on the Xiangjiang side develop beyond his imagination.

"Mr. Liu! Old Song of Nanyang Trade has been taken away! He probably won't last long..."

"So what! It was already agreed upon when we were making money, except that it was Lao Song who carried it all by himself. Why does something really happen now? He plans to bite people randomly! You think of a way to send a message to Lao Song. If he talks nonsense inside, don’t blame me for being rude..."

"But Mr. Liu, Lao Song is currently in the Independent Commission Against Corruption. Even if we want to pass on a message, that would be..."

"I don't care! This is your business. Nanyang trade has nothing to do with me!"

……

Mr. Liu was upset and put down the phone.

At this time, Liu Yiyue, who had been waiting next to her, stood up with an expectant look on her face.

"Mr. Liu! The key is that on the Malaysian side, Chen Qingfeng is not willing to cooperate with us at all!"

"Chen Qingfeng! This guy looks like one, but he's very evil in his heart. Give him some color and see, doesn't he have a company in China?"

"Mr. Liu! Chen Qingfeng's domestic business is very small..."

"So what if it's small? Do you have any other options now?"

Mr. Liu said and suddenly pushed everything on the table to the ground.

Liu Yiyue looked at all this in surprise. This was the first time he saw Mr. Liu so out of control.

Sure enough, we were in big trouble this time.

……

Chen Qingfeng has nothing to say to the Independent Commission Against Corruption.

Speculating on stocks is indeed suspected of manipulation.

They also released the news.

But if it’s just a fine, that’s it.

But the problem is, if these news are true, Nanyang Trading listed on the Hong Kong stock market is a fraudulent listing.

So the bigger problem is everyone involved in Nanyang Trading when it was first listed.

These people are now in the Independent Commission Against Corruption, and now no one dares to talk nonsense.

But they were separated one by one, and none of them knew what they should or shouldn't say, and when they could leave here.

The Independent Commission Against Corruption brought all the pages of Nanyang Trading's account books that had been collected for many years into its office.

Then people from the four major accounting firms were invited to come to the Independent Commission Against Corruption to help settle the accounts.

The truth hidden behind Nanyang trade for many years will be revealed at this moment. "Everyone, stop for a moment! I just received a call from Mr. Cheng of the serious crime team. He just returned to Xiangjiang..."

"Crime Unit? What does the Crime Unit have to do with our affairs?"

"We have just found out that when Nanyang Trading went public, someone made huge profits. This person is Guam's gambling tycoon Zhou Xiaobo. Zhou Xiaobo is currently involved in many crimes. The Hong Kong police are trying to find ways to extradite this guy for investigation!"

"Sir Wang, we have found out something!"

"what?"

"Nanyang Trading has always used related transactions to obtain loans from financial institutions. These are the supply chain companies that Nanyang Trading cooperates with the most! We are still sorting it out, but it looks suspicious. The same batch of goods is being dumped among these companies. Go down and keep borrowing money from financial institutions!”

"supply chain finance?"

"almost!"

The person in charge of the Independent Commission Against Corruption understood immediately when the accountant from the accounting firm said it.

However, his subordinate was a newcomer and asked out of curiosity.

"Sir Wang, what is supply chain finance?"

"Haha! What are you learning in school now? You don't even understand this, do you?"

"Sorry! I studied accounting in the UK..."

"Okay, here are three cups! Forget it, whose oranges are there, borrow them!"

"Look! Nanyang Trading wants to sell a batch of oranges. If you sell it directly to the other party, it will be a transaction. But now, we can go around in a circle and sell these oranges to your second uncle's company first, and then you can Your uncle's company will then sell this orange to your uncle, and your uncle will sell the orange to your third uncle. In this way, each company will have an account receivable, and each company can hold this An account receivable goes to the bank for a loan. Then these companies lend money to each other. In fact, if you check the level of the offshore company, you will find that all the ultimate beneficiaries of these companies point to one. Now You understand!"

"The same transaction is so complicated! But if we all go to the bank to borrow money, the cost will be..."

"They have no intention of repaying the bank's money! And this way, they can sell the oranges at a good price. Others sell three oranges for 100 yuan, but you sell them for 100 yuan each, and the supply exceeds demand. Anyway, neither are you. Make money from oranges. After receiving the goods, you directly hire a ship to haul them to the high seas and dump them into the sea! Then when the game can no longer be played, you directly collect the money and run away, leaving a lot of chicken feathers for investors in the end. What do you think? Don’t be hateful!”

"Is this possible? But none of these schools taught me..."

"I taught you, but you are no longer here, idiot! Why do you think I asked people from the four major accounting firms to come over? What they are best at is finding clues like this. Really, what are they taught in schools now?"

"Forget it, Sir Wang, which school teaches how to make false accounts?"

"That's right! The accountants on the mainland who are skilled in this skill are probably all in Tilanqiao Prison now! Have you ever heard of the Tilanqiao Advanced Class?"

"never heard of that?"

"That means you are not qualified! People there work as cleaners and their annual salary is at least 100 million yuan!"

"Doing cleaning? Is it so profitable to do cleaning in mainland China?"

"Who recruited you, why are you so stupid! Those people have been in prison, how could they be working in the financial industry? Of course being a cleaner is just an excuse!"

……

Sir Wang is willing to educate newcomers. After everyone rested for a while, the investigation resumed as expected.

In fact, supply chain finance is not complicated at all. As long as you follow the clues, you can quickly find out the clues.

And these clues are hidden in account books one after another.

"Sir Wang, I found the pattern!"

"What's the pattern? It seems like their ledgers all conform to the Fibonacci sequence!"

"The sum of the two families equals the third family, right?"

"Correct!"

(End of this chapter)