Before Ning Ruifeng could speak, Chang Ning had already escaped. The cold war between him and his second and third uncles had lasted for five years.&&

Looking at Chang Ning's back, Ning Ruifeng could only smile bitterly, it was difficult for a clean official to make a decision.

Chang Ning hid in the old man's room and took out a piece of materials. This was what Chen Situo gave him when he was handling the procedures at the Organization Department of the CPC Central Committee.

"Notice on the Illegal Fundraising Finance Case in Ningzhou", when Chang Ning was in Hong Kong, he only knew that there was a major case in Ningzhou, and this is the first time he has seen it in detail.

A familiar name suddenly jumped into his eyes, and his heart couldn't help but tremble.

Zhang Hongming, isn’t he the class monitor in high school? He was the first group of returning students from studying abroad after the reform and opening up, and the competitors more than ten years ago, even he was involved?

Chang Ning held the materials and looked at them with a rare serious attitude.

In February last year, a boss of Zhijiang made an amazing move and spent 13.8 million yuan to buy two palace lanterns on the Tiananmen Gate Tower, which far exceeded the auction house's estimated price of 2.5 million yuan.

This boss is Zhang Hu, the protagonist of this case.

Zhang Hu was originally an ordinary cadre in the Ningzhou Branch of xx Bank. He was smart, good at speculation, and was determined to make a name for himself. At that time, his identity was the general manager of Ningzhou xx Industrial Company.

Where did Zhang Hu get such money? His actions attracted the attention of relevant departments.

In fact, Zhang Hu’s money was borrowed. From the beginning of the previous year to the incident this year, Zhang Hu’s main thing was to borrow money and then spend it. The xx Trust Investment Company, which he served as the person in charge, and the Jiangbei Branch of xx Industrial Company, illegally borrowed nearly 2.3 billion yuan of funds, and finally caused an asset loss of 53.7 billion yuan.

Investigations from relevant departments show that during Zhang Hu's illegal financing, he received support and condolence from many local party and government officials and bank cadres.

At the beginning of the previous year, Zhang Hu found Zhang Hongming, then Mayor Fu of Ningzhou City and director of the Economic Development Zone Management Committee, and proposed to establish an xx Trust Investment Company in the development zone. This idea was supported by Zhang Hongming because the development zone had just been established and various construction projects were urgently needed. The development zone was worried that there was no regional financial institution completely controlled by itself and did not have its own financing channels.

However, according to relevant national regulations, trust investment companies are non-bank financial institutions and can only engage in short-term fund lending and other financing businesses.

Zhang Hu found Chen Qingyun, who was then the deputy president of the Ningzhou Branch of XX Bank. According to regulations, the establishment of a trust investment company must be approved by the state financial institution. Chen Qingyun pointed out Zhang Hu and asked him to find the executive mayor Fu, director of the Municipal Financial Office, Li Zhanle, and Li Zhanle ordered him to study and handle it for Ningzhou xx Bank. In this case, the xx Trust and Investment Company was established by Ningzhou xx Bank in March of the same year and obtained a "Limit for Business Business".

When xx Trust Investment Company was first established, Zhang Hongming was appointed as the chairman and Zhang Hu was appointed as the general manager. Soon, Zhang Hongming issued a full-right entrustment, granting Zhang Hu the right to the legal representative. The registered capital of xx Trust Investment Company was 200 million yuan, and the actual amount was 10 million yuan. After more than a year of operation by Zhang Hu, by the beginning of last year, the company's capital had reached more than 300 million yuan.

At this time, the State Financial Office issued a document to clean up financial institutions that exceeded their authority and approved. The xx Trust and Investment Company was cancelled. In order to cope with this crisis, Zhang Hu established Ningzhou xx Industrial Company and injected the main assets of the xx Trust and Investment Company into xx Industrial Company. At the same time, he requested Chen Qingyun, who has served as the president of xx Bank, to retain the xx Trust and Investment Company. Chen Qingyun then proposed an affiliation plan in the cleaning plan submitted to the municipal government, and was about to affiliate xx Trust and Investment Company to Ningzhou International Trust and Investment Company and establish Ningzhou Guotou Jiangbei Branch. In fact, Jiangbei Branch and xx Industrial Company are two brands and one team.

The Jiangbei branch, which was affiliated, is just a branch of Ningzhou Guotou. It has no legal person status and cannot raise funds from outside on its own. However, through its relationship with Chen Qingyun, Zhang Hu retained the seal and legal person account of xx Trust Investment Company. Zhang Hu used this legal person account to continue to raise funds from outside on a large scale. Chen Qingyun also asked the financing center of xx Bank to directly serve Zhang Hu's financing. The financing center illegally guaranteed Zhang Hu, allowing Zhang Hu to borrow 300 million yuan from xx City Credit Cooperative. Without repaying the old accounts, Zhang Hu borrowed RMB 190 million from xx Financing Center three times, and this fund cannot be returned to this day.

Zhang Hu borrowed short-term funds, but he invested a lot in long-term projects, involving securities, pharmaceuticals, trade, entertainment, beverages and other industries. What is extremely inconvenient to such a large investment scale is that xx industrial company has the chaotic internal management, and the issuance of loans and investment projects is up to Zhang Hu alone. The quality of credit and asset is extremely poor, and tens of millions or even billions of yuan of funds are lost. The non-performing assets have expanded rapidly. xx industrial company inevitably encountered a payment crisis. In order to cope with the crisis, Zhang Hu's method is to continue to expand financing and live by demolishing the east wall to make up for the west wall. In the later stage, the Jiangbei Branch's borrowed funds could not be returned and the deposits could not be paid, and soon became infamous.

Zhang Hu believes that the root of the crisis is that the Jiangbei Branch does not have independent financing qualifications, which cut off his financing source. The only way to solve the crisis is to make the Jiangbei Branch have the brand of a legal financial institution and use further expansion of financing to solve the problem. For this purpose, in the middle of last year, Zhang Hu asked Cheng Xun'an to inspect the xx Industrial Company through Cheng, the son of Cheng, the municipal party committee reporter. During this period, Zhang Hu asked Cheng Xun'an to help solve the problem of independent financing brand. Originally, Cheng Xun'an, as the municipal party committee reporter, did not have the right to approve the independent financing qualification, but he readily stated that even if administrative intervention was carried out, the brand problem must be solved.

At the end of last year, Zhang Hu learned that the trust and investment company of the Ningzhou Branch of XX Bank was preparing to transfer. Ma asked Cheng to do Chengxun'an's work and asked him to help transfer the trust and investment company of the Ningzhou Branch of XX Bank to Jiangbei Branch. Chengxun'an Ma found Li Zhanlebang, executive vice mayor who was responsible for handling the crisis of the Jiangbei Branch of the Jiangbei Branch, and proposed to transfer the trust and investment company of the Ningzhou Branch of XX Bank to Jiangdong Branch, and let Zhang Hu be the general manager of the newly established trust and investment company. Li Zhanle held many government-bank-related matters.

The department coordination meeting studied the transfer plan. In this case, the Ningzhou Branch of xx Bank had to withdraw the transfer plan that had been reported to the head office, re-report the plan, and regard the transfer to the Jiangbei Branch as one of the plans. In January this year, the Ningzhou Branch of xx Bank merged with the Jiangbei Branch to form a new trust investment company. Due to the control of the Zhijiang Branch of xx Bank, Zhang Hu failed to be the general manager of the newly established company, which prevented the Jiangbei Branch from continuing to expand.

So, why can Zhang Hu get support and condoned for illegal financing?

From xx Trust Investment Company to xx Industrial Company to Jiangbei Branch, none of them are Zhang Hu's personal enterprises, but national-owned enterprises or financial institutions. In other words, they are owned and managed by the local government. Many leaders believe that having a financial institution controlled by themselves can borrow money is to support local economic construction. Because of this, when the Jiangbei Branch encountered a payment crisis, many leaders also started to save it from this perspective.

Facts have proved that condoning and supporting illegal financial institutions and illegal financial activities not only did not promote local economic development, but instead caused irreversible huge losses.

But this is not the whole problem. Another important reason why illegal financial institutions and financial activities can be supported by local leaders is the amazing money-power transactions and corruption behind the scenes.

It has been found that Chen Qingyun, the former president of the Ningzhou Branch of XX Bank, accepted 420,000 yuan bribes from Zhang Hu, Li Zhanle, the former executive vice mayor of Ningzhou City, accepted 500,000 yuan bribes from Zhang Hu, and Zhang Hongming, the former deputy mayor of Ningzhou City, accepted 210,000 yuan bribes from Zhang Hu, and Cheng, the son of Cheng Xun'an, received more than one million yuan bribes from Zhang Hu...

According to incomplete statistics, Zhang Hu bribed more than 40 people in less than three years, totaling more than 3.6 million yuan. Through bribery, he weaved a power-to-money trading network, causing economic losses of 500 million to the country.

The once lively Jiangbei Branch has now been empty. Zhang Hu, Cheng Xun'an, Li Zhanle, Zhang Hongming, Chen Qingyun and others are waiting for the legal punishment in the detention center. There are nearly 100 illegal and discipline violations involved in the case, including one at the provincial and ministerial level, seventeen at the bureau level, and more than fifty at the county and department level...

After putting away the notification materials, Chang Ning's heart could not be calm for a long time.

Although Zhang Hongming later joined other people's circles, Chang Ning still paid attention to him. After all, he had two years of friendship, even though the two had 99% different positions.

But later, Chang Ning kept running around and had no place to live, which reduced his attention. He only knew that he was transferred from Qingzhou to Ningzhou to serve as Mayor Fu and established Ningzhou Economic Development Zone.

Good luck makes people feel like they are. The former master's degree in economics in Germany has become a prisoner now. What's wrong with this world?

Chang Ning remembered that he had secretly seen Zhang Hongming's face, guessing that he might be in prison in the future, and he hinted to his wife, his high school classmate Chen Meng, who did not expect that the unintentional test that year has now become a fact.

Walking out of the room, Chang Ning stood at the door of the living room and saw that his second and third uncles had left.

"Grandpa, your two baby sons come to see you. It must be because the drunkard is not drinking?"

Ning Ruifeng laughed and scolded: "Boy, is there anyone who said that uncle you said that?"

"I guess, the second and third uncles and the others must have their own people in Ningzhou. If you want me to help you catch them, I probably won't be illegal, but someone who violated the discipline." Chang Ning said after sitting down.

"Smart, you can do it yourself." Ning Ruifeng's smile was a little blurred.

After a while, Chang Ningma stood up again, "No, I have to rush to Zhijiang immediately and report to the Provincial Party Committee Organization Department."

Ning Ruifeng didn't say anything anymore, closed his eyes and bathed in the spring sunshine.
Chapter completed!