I'm in the county town, and you say I'm a big shot?

Chapter 602: This trick is something I already used back in the day.
Deng Hui felt a chill run down her spine.

Fang Qingye is suspicious of Gao Pan's motives for signing this trust agreement!
If you're only focused on the bank's interests and don't think things through or underestimate the risks, that's one thing. But if you have ulterior motives, then you're in big trouble!
Did you gain any benefit from it?
Or are they colluding with outsiders to deliberately swindle their employer?
If this is indeed the case, then not only is Gao Pan responsible, but Chen Danlu, as the head of the bank, also bears an unshirkable responsibility!

dereliction of duty!

Misjudgment in hiring!

It's worth noting that Gao Pan was recruited by Chen Danlu himself; the bank's human resources department was just going through the motions.

This is a great opportunity to crack down on the so-called Pudong clique!

Am I fanning the flames and making the fire burn even brighter?
Deng Hui's mind raced as she considered the problem.

But doing so goes against my principles.

Why.
Forget it, let's just be realistic.

So she thought for a moment and said, "President Fang, I haven't investigated, so I can't answer you."

"I was just saying it offhand. Okay, you go ahead with your work. We'll have a meeting at eight tomorrow morning to discuss this," Fang Qingye replied.

After Deng Hui left, Fang Qingye picked up her teacup.

Hmm. Not bad.

Deng Hui is a fairly upright woman; if it were Zhao Wenjun, she would definitely have taken the opportunity to kick someone when they were down.

He admired Deng Hui for this.

The next morning at eight o'clock, Fang Qingye had just finished breakfast in the company cafeteria and went upstairs when she saw Chen Danlu and Gao Pan.

Chen Danlu stayed at the hotel last night. Gao Pan arrived early this morning, and he looked rather pale, whether from getting up early or for some other reason.

"President Chen, President Gao, have you had breakfast? If not, come to the cafeteria for something to eat," Fang Qingye greeted them warmly.

"We've already eaten. We ate at the hotel where President Chen is staying," Gao Pan quickly replied.

The three arrived at Fang Qingye's office, where Hu Lingling poured tea for them. Two minutes later, Deng Hui also arrived. After exchanging a few pleasantries, they officially began the meeting.

Fang Qingye, abandoning his usual smiling demeanor at meetings, looked at Gao Pan with a serious expression: "President Gao, I have a question for you: who is the intermediary, or broker, behind this New Era Trust Company product?!"

"There was no intermediary," Gao Pan vehemently denied.

"No?" Fang Qingye smiled. "How about I explain the signing process of this contract to you?"

“Let’s call the middleman in this trust agreement A. You privately negotiate with A on behalf of the Pudong branch. A will use New Era Trust to set up a trust plan for a real estate project that needs financing, and then subscribe to this trust plan through a company he controls—usually a shell company.”

"Subsequently, with the help of New Era Trust, another bank was found to act as a bridge, usually a small or medium-sized bank, which I call Company B. The bank used wealth management funds to acquire the beneficial rights of the real estate trust plan from the shell company."

"At this point, you represent our Pudong branch and use your own funds to acquire the beneficial rights of the aforementioned trust from Bank B, the bridge bridging bank, through the form of subscribing to wealth management plans, and list it under the 'repurchase financial assets' item in interbank business."

"This seemingly complex financing structure is essentially the Pudong branch using interbank funds to meet the financing needs of real estate projects. However, since the Pudong branch is nominally increasing its interbank assets, it will not trigger credit scale restrictions. At the same time, it can significantly reduce capital requirements for risk control. President Gao, am I right?!"

Gao Pan was shocked upon hearing this. "President Fang, how did you know?!"

"Just a small trick," Fang Qingye said, slowly picking up her teacup.

This is a trick I already used back in the day. Of course, Fang Qing didn't say that.

The Wall Street financial tycoons have mastered the art of finance, but their domestic counterparts are in no way inferior.

It's just that its scale and influence are not as large as theirs.

At this moment, Chen Danlu spoke, his voice becoming stern:
"Gao Pan, who exactly is this middleman A that President Fang mentioned? And did you receive any benefits from A?!"

"I didn't receive any kickbacks!" Gao Pan's handsome face flushed red. "I admit it was through the series of irregular operations that Fang Xing just mentioned, but it was all for the benefit of our bank! Not for my personal gain!"

"I'll have someone investigate whether you received any kickbacks or not." Fang Qingye's voice was unhurried. "Now I'm asking you, who is A, and which bank B is involved in the bridge transaction?"

Gao Pan paused for a moment before saying, "A's name is Tong Ming. He's a friend I met when I worked at the Shanghai branch of Dongfangxing. He runs an investment management company in Shanghai called Taichuang Investment, which is the shell company you mentioned. Bank B is Shanghai Rural Commercial Bank. Tong Ming is quite familiar with their branch manager."

"Sigh," Chen Danlu looked at Gao Pan, who was looking dejected, and wanted to say something but couldn't.

"Gao Pan, you are temporarily suspended from your duties to cooperate with the investigation by the supervisory office," Fang Qingye said coldly. "As for this trust... President Chen..."

Fang Qingye looked at Chen Danlu: "What I discussed with President Deng is to transfer the shares immediately. The returns can be discounted, but the principal must be guaranteed to be untouched."

"Okay, I will handle it properly as soon as possible," Chen Danlu quickly assured him.

Gao Pan has been suspended from his post by headquarters for engaging in illegal interbank business and purchasing high-risk trust contracts!
The news was quickly distributed to all subordinate branches in the form of an official document from the organization, causing an uproar.

The branch managers who initially didn't take this investigation seriously immediately took action, which inadvertently accelerated the cleanup process.

This morning after arriving at work, Deng Hui reported to Fang Qingye on the progress of the cleanup work: "After self-inspection by each branch and spot checks by the investigation team, a total of 16 irregular contracts were found, involving 570 million yuan. Ten of them were concentrated in the Pudong branch, involving 400 million yuan. Gao Pan personally handled six of them, involving 320 million yuan. This guy is too audacious."

"It's the environment that makes it so," Fang Qingye said with a smile. "Go to Shanghai and take a look at the financial circles. Those bank presidents and managers are all incredibly adept at playing the game, and they're all incredibly crazy."

"Our next task is to promptly urge each branch to handle these irregular contracts, adopting a tailored approach for each contract, and strive to minimize the risk and losses," Deng Hui continued.

Fang Qingye nodded and then asked, "Has the supervisory office found any problems with Gao Pan's matter?"

"Not for now." Deng Hui spoke frankly. "Fang Xing, our Supervision Office is not a public security or procuratorial organ, so our means are relatively limited. Also, many of these illegal contracts are high-risk but also high-return, so you can't simply conclude from the signing of the contract that the parties involved were seeking personal gain."

Fang Qingye paused for a moment, then asked, "So what do you think should be done about this situation of someone climbing the social ladder?"

"Since no problems were found, he should be reinstated and asked to actively deal with these irregular contracts. Once they are resolved, based on the losses these contracts caused to the bank, he could be fined, warned, or even transferred or dismissed."

"Heh, I thought you were going to suggest transferring me to a different position or firing me," Fang Qingye said with a laugh.

"To be honest, Gao Pan is a talented person, but he's a bit too bold," Deng Hui replied, then suddenly looked at Fang Qingye: "Fang Xing, I'm not the kind of person who's jealous of talent, am I?"

"Of course not." Fang Qingye laughed heartily, "Let's hold a meeting of bank managers to reach a consensus and reinstate Gao Pan!"

While the investigation was still ongoing, Fang Qingye was thinking about something else.

Today is Monday, and it's Gao Pan's first day back at work after resuming his position as vice president. He had just started work in the morning when he heard someone knocking on the door. When he opened it, he was surprised to see Fang Qingye.

He originally thought Fang Qingye had come to inquire about the handling of his irregular contract. When Fang Qingye came in, he hurriedly said, "Don't worry, President Fang, I will handle it as soon as possible and ensure that the losses are minimized or even avoided."

“I believe you have the ability.” Fang Qingye nodded. “I didn’t come to you today for this matter, but rather to talk to your friend Tong Ming.”

(End of this chapter)