Financial freedom starts with smiling at life

Chapter 157 Find a breakthrough

"In addition to my connections with the government, I also inquired with friends on the board of directors of Jiangnan City Commercial Bank.

The questions the Group Supervision Department asked of Hailin and the others were more about cooperating with the self-inspection of the situation.

During the self-inspection process, Hailin's hands were clean, which was recognized by the board of directors.

However, in the review process of the two overseas loans four years ago, Hailin was responsible and it was he who signed.

These two loans, totaling over 3000 million yuan, are closely related to this loan fraud."

Yuan Zhi used his connections in the political and business circles to help Jiang Beicheng find out the attitude of the higher-ups and the situation inside the bank.

From his words, we can draw a conclusion that Hailin is safe for the time being.

The person who actually benefited greatly from this case has been taken away.

However, Hailin has an unshirkable responsibility in the loan process.

Whether it is a "violation" at the legal level or a "major fault" in the group's management regulations depends on the attitude of the board of directors.

In Yuan Zhi's words, the group is now anxious to fill this 1.9 million yuan funding gap.

"Uncle Yuan, you helped me a lot this time. I will come to thank you in person after I finish my business." Jiang Beicheng thanked him.

As the backbone of local economic development, they receive the most timely and comprehensive policy resources and first-hand information.

Through this incident, Jiang Beicheng once again realized one thing: people should strive for higher goals.

"Nephew Beicheng, you're welcome. I really like the tea porcelain set you brought." Yuan Zhi joked, "There's an old saying that goes, 'You should be grateful to the person who feeds you, and you should be humble to the person who takes you.'"

It would be rude to accept a gift and not do the job.

Besides, your father and I are old friends."

"As long as Uncle Yuan likes it, I'll send you some good tea sets next time I find them." Jiang Beicheng said with a smile.

Yuan Zhi knows the value of something worth 45 yuan.

In exchange for an important piece of information, Jiang Beicheng felt it was worth it.

This society does not lack "gifts", what it lacks is the channels for giving gifts.

Yuan Zhi's channel is worth the price.

After receiving the news, Jiang Beicheng went to the study and asked his personal assistant Shen Jun, "Find out the personnel changes and annual financial reports of Jiangnan City Commercial Bank four years ago."

Shen Jun had a hunch that Jiang Beicheng must have received important information, so he nodded and immediately did it.

Jiang Beicheng didn't rush to tell Haitangxi the news, asking her to spend more time with her mother.

Before dinner, Shen Jun prepared the materials and handed them to Jiang Beicheng.

Jiang Beicheng took it and read it patiently.

I understood Hailin instantly.

Four years ago, the year when Hailin approved the two overseas loans, Jiangnan City Commercial Bank underwent a huge personnel change.

After review by the board of directors, Hailin was transferred to the head office as deputy president and continued to serve as president of the Financial Street branch.

He has been working in the Financial Street Branch for ten years, and the annual performance and profits of the Financial Street Branch have reached more than 30%.

Four years ago, it even reached 40%.

Not only was Hailin promoted to vice president, but Jiangnan City Commercial Bank also had an additional expenditure in the financial report released in the same year.

It is an option awarded to Hailin.

The value of 1.2 million yuan was a recognition of his decades of hard work at Jiangnan City Commercial Bank. Hailin was also promoted from a manager to a shareholder of the group.

However, the option worth 1.2 million has a term of five years, which means that it has not been redeemed so far.

Whether it was the promotion of deputy governor or option rewards, they were all proposed by the then governor at the board meeting.

That is the bank president who was taken away in this incident.

That makes sense.

Although Hailin did not receive any benefits, the dual rewards of promotion and options forced him to repay the president's kindness.

He should have noticed that there were problems with the two loans, but the president said so, and he had just taken the position of vice president and could not go against the president's wishes.

In addition to understanding the ins and outs of the matter, Jiang Beicheng also found a breakthrough.

Can Hailin’s behavior be classified as “major fault” to exempt him from legal liability, and can we start by taking action against the options he has not yet redeemed?

Jiang Beicheng found Li Zhi, the general manager of the marketing department of the Financial Street branch, who was Hailin's apprentice when he was at the Financial Street branch.

Li Zhi was very excited to see Jiang Beicheng, "Mr. Jiang, is there a solution?"

He has always been worried about Hailin.

But there was no sign of wind.

We are now conducting self-examination and self-correction very strictly, and we have no idea what to do?
Jiang Beicheng asked Li Zhi: "Mr. Li, do you know any colleagues in the Group Supervision Department?"

Jiang Beicheng used the word "colleagues", and Li Zhi knew his intention.

"No, but I have friends who can contact people from the Supervision Department." Li Zhi said truthfully.

"Ask your friend to give me a message for Uncle Hailin."

"Boss Jiang, the situation is dire right now. President Hai and his men are under strict control. I'm afraid..."

Li Zhi was worried that Jiangbei City’s method would be useless.

I guess it won’t reach Hailin’s ears.

Jiang Beicheng smiled and said, "Just two words."

Li Zhi looked curious: "Those two words."

Jiang Beicheng: "Resign!"

"Resign?"

Li Zhi didn't react immediately.

The current situation requires accountability, you can't just leave whenever you want.

No one can leave until the matter is dealt with cleanly.

Jiang Beicheng said confidently: "It's enough for you to bring these two words, Uncle Hailin will naturally know what to do."

Li Zhi certainly didn't know the attitude of his superiors, so he felt that the method of just walking away would not work at all.

Even Hailin was probably still trying to figure out the higher-ups' attitude. Since being strictly controlled, the information he had access to was extremely limited.

It is difficult to use my own connections, and I can only wait for the board of directors' attitude.

Jiang Beicheng asked him to resign voluntarily, the deep meaning of which was to give up the options that were about to be redeemed and use the 1.2 million yuan in options to plug the bank's funding loophole.

He also used 1.2 million to keep himself safe.

This was the only way he could take now, to play the favor card and see how many people on the board of directors were willing to stand up and plead for him.

After working for so many years, the achievements we have made should be seen by those old guys. After all, as shareholders, they get a lot of profits every year.

The reason for playing the emotional card is that even if Hailin does not voluntarily give up the options, once the higher-ups change their attitude and firmly pursue the matter to the end, Hailin will lose the 1.2 million due to option clauses such as "causing significant losses to the group".

The Group may refuse to honour the payment with relevant reasons.

Maybe you will be sent to jail for "violating regulations".

As long as the message was conveyed, Hailin would understand the meaning.

Li Zhi couldn't find any other way to help his master, so he could only trust Jiang Beicheng for once.

"Mr. Jiang, I'll do my best to convey your message." Li Zhi thanked him, "Thank you for your hard work during this period."

……

The people from the Supervisory Department came to question Hailin again.

Hailin's mental state is not very good. Even if he has a strong psychological endurance, he can't withstand such high-intensity mental stimulation every day.

Besides, he is old and still misses his wife and daughter.

"I've told you everything I know and everything I've done," Hailin said frankly.

He spread his hands to indicate that there was nothing more to say.

He accepts any outcome.

"Comrade Hailin, how many years have you worked at Jiangnan City Commercial Bank?"

"30 years!"

"During this period, have you ever thought about resigning and shirking responsibility because of any mistakes you made?"

Hailin's eyes became deep.

Today's questioning is a little different from the previous ones.

He has been in the workplace for so many years and is very sensitive to his choice of words.

The word "resignation" instantly captured his heart.

He replied, “No, during Jiangnan City Commercial Bank’s listing in Hong Kong, there were many procedural errors, but I did not shirk responsibility and insisted on staying on the front line.

I love the banking industry, and I have poured all my energy into Jiangnan City Commercial Bank."

The person questioning him acted out the situation and said, "Please cooperate with the questioning seriously, tell the truth, and don't take any chances.

Did you approve the overseas financing for Jiang Tao, a former well-known entrepreneur in Jiangnan City?

"Yes!" Hailin confirmed, "There's nothing wrong with those loans, and they've created a lot of value for the bank."

He had already grasped important information from the questioning.

Jiang Tao’s financing loan has nothing to do with this incident.

It is also reasonable and compliant, and the profits are considerable.

The Supervision Department first asked him today whether he had ever thought about resigning and shirking responsibility, and then mentioned Jiang Tao's loan.

It seemed like they were reminding him what to do.

The only person Hailin could think of was Jiang Beicheng, who had a close relationship with Jiang Tao.

Did Jiang Beicheng want him to resign?
Did you ask someone to bring a message in?
Yes, options!

Hailin realized instantly that the current attitude of the higher-ups must be to recover the bank's losses.

He voluntarily resigned and gave up his options, so the money can be legitimately recovered and used to fill the funding gap.

Hailin guessed that if it was really Jiang Beicheng who brought the message to him, Jiang Beicheng must have used a lot of connections and probably asked a lot of people for help.

He originally saw the light, but he hesitated in his heart.

After working for thirty years, I have nothing left when I leave.

Everything is reset to zero, and it feels very uncomfortable.

Money is secondary, what matters most is status and reputation in the financial circle.

Now, voluntary abandonment and group recycling are two different concepts.

It depends on how the board of directors defines his responsibilities.

"...Today is a routine interrogation. Comrade Hailin, do you have anything else to say?" The person from the Supervision Department asked a few questions as a routine matter.

Hailin was silent for a moment.

He looked up and said, "I want to see Director Zhou and Director Wu."

The two are executive directors on the board of directors of Jiangnan Commercial Bank Group and also represent the bank's two largest shareholders, Hong Kong Exchanges and Clearing Limited and Nanfu Capital.

The two directors originally supported him to be elected as the next president of the bank. Now that this incident happened, Hailin could only find these two directors to express his feelings.

If you lose money, you can earn it again. If you lose your job, you can find another one. Respect and reputation are all earned by yourself, but once you go to jail, you will lose everything.

Hailin figured it out.

Finally, I hope my sincerity can impress the board of directors.

……

Haitangxi comforted her mother and saw that Jiang Beicheng was still studying the resumes of the directors of the Jiangnan City Commercial Bank board of directors, so she got him a cup of coffee and brought it over.

"Actually, my mother and I have already accepted the worst outcome." Haitangxi leaned her head on Jiang Beicheng's shoulder and said, "You've done so much for me, that's enough."

I don't want Jiangbei City to take the most extreme route.

Jiang Beicheng smiled and said, "It's nothing, just flipping through it."

"Baby, without Daddy's halo, will you dislike me?" Haitangxi had just asked when her phone rang. She picked it up and looked at it with a look of shock, "Dad!"

(End of this chapter)