After the 10 banking institutions that accepted the gold mortgage of Jinling Phoenix Gold Jewelry determined that the gold was fake, they immediately issued an announcement to explain the problem to the public.

Although the wording of each bank is different, in summary the meaning is similar.

First, there is no problem of interest transfer between them and Jinling Phoenix Gold Jewelry.

Second, all the gold has been tested by instruments and the water drop test, and it is confirmed that it is all real gold. But they don’t know that Jinling Phoenix Gold Jewelry is made of tungsten, iridium, lead and other metals, thus avoiding the drop water test.

detection, and also escaped instrument detection.

Third, they are willing to actively cooperate with relevant departments in investigating and collecting evidence.

Fourth, they have called the police and accused Jinling Phoenix Gold Jewelry Co., Ltd. of defrauding mortgage payments with fake gold.

……

It can be seen from these contents that banks and other institutions want to clean themselves up and pass all responsibilities to Jinling Phoenix Gold Jewelry.

And another very important point is that these banks can hide one thing, that is, they use that batch of gold to make secondary mortgages and financial products with other financial institutions, trust companies, etc.

On the surface, Jinling Phoenix Gold Jewelry used 85 tons of fake gold to defraud banks and other institutions of 30 billion in funds, but in fact, the amount of funds leveraged by this batch of fake gold was as high as 90 billion.

The simple logical relationship is: if Jinling Phoenix Gold Jewelry controlled by the Jiang family redeems the 85 tons of gold at the current price, the bank can return the money to other financial institutions, and other financial institutions and trust companies can use the money to buy it.

Customers who have paid for financial products.

Now the gold certificate is fake, which means that if Jinling Phoenix Gold Jewelry cannot redeem the fake gold at the current price, the bank will not have the money to return it to other financial institutions, and other financial institutions and trust companies will not be able to redeem it to customers.

period financial products.

This is an interlocking relationship. If there is a problem at the source, there will naturally be problems in the follow-up.

If the amount is small, the bank can cover it with advance payment.

But this is a line of interest involving 90 billion funds. Banks belong to the state, so how can the state allow them to bear this money?

Therefore, the pressure is now completely on the Jiang family.

However, the Jiang family also left a backup plan.

Jinling Phoenix Gold Jewelry is a limited liability company. If the Jiang family cannot afford to repay the money, the worst case scenario will be bankruptcy and liquidation. In addition to mortgaging and selling off all assets, shareholders only need to repay debts according to the registered capital of 500 million.
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Of course, this is the ideal outcome, but now they are facing banks and multiple financial institutions, and it is a big case involving 90 billion funds, let alone the Jiang family, even if it is Yang Chen's turn

, if he doesn’t settle this matter, he will be involved.

No, just when Jiang Zhengtian wanted to give an order to cheat, the person in charge of the relevant department came directly to him.

The attitude of the relevant departments is very clear. As the major shareholder of Jinling Phoenix Gold Jewelry with a shareholding ratio of 90%, the Jiang family must redeem the 85 tons of fake gold at the current price of gold.

After the redemption, their crime of using fake gold to defraud bank funds can be given a lighter sentence.

Originally, Jiang Zhengtian wanted to bargain and repay according to the original standard of 30 billion.

But the person in charge of the relevant department disagreed.

Because the bank used this batch of gold to make a second mortgage, and the trust company made financial products, etc., the income of those products is calculated based on the current price of gold.

If the Jiang family repays the original 30 billion, the increased value of this batch of gold will have to be borne by banks and trust companies. How is that possible?

In just three days, gold has exceeded 400 yuan/gram, and news has come out from Wall Street. According to their predictions, gold will continue to rise in the next six months, and may reach a maximum of 500 yuan/gram.
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However, those financial products and mortgage loans have only the last 15 trading days to expire. If they cannot be paid by then, it will inevitably trigger a thunderstorm in the financial world. At that time, it is not the case that the Jiang family is willing to sell off their property and lose money.

Solved.

Moreover, at that time, the Jiang family not only committed fraud, but also committed crimes of disrupting financial order. In a financial case involving 90 billion yuan, all relevant personnel of the Jiang family could die ten times.

Jiang Zhengtian had no choice but to urgently sell everything he could and ask the banks and the China Securities Regulatory Commission to release the 27 billion funds as soon as possible.

At this time, the Ning family took action.

Ning Wuque and Ning Shaoqing visited the relevant persons in charge with large gifts and asked them to deliberately delay the release of funds for 2-3 days.

Judging from the current upward trend of gold, it will not be a problem for the price of gold to soar to 500 yuan/gram in three days.

The procedure can indeed be delayed for 2-3 days, so those in charge accepted the Ning family’s request.

Three days later, the Chiang family sold everything and raised 42 billion yuan.

At this time, the price of gold has reached 480 yuan/gram, which means that the Jiang family needs to pay 40.8 billion to redeem the 85 tons of fake gold.

However, now the problem arises again.

Because the mortgage and redemption maturity date is 12 working days later, and now the gold price continues to rise, the Jiang family wants to redeem now, but the banks and trust institutions are unwilling, and they will not allow them to redeem until the maturity date.<

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At this time, more than 80 people, including Jiang Zhengtian, were all detained in the detention center awaiting prosecution.

Twelve trading days passed quickly. At this time, the price of gold reached an exaggerated 525 yuan/gram. After three o'clock in the afternoon, banks and other institutions immediately asked the Jiang family to redeem the gold.

However, to redeem at this price, the Chiang family needs to pay 44.625 billion in funds, and all their belongings were sold to raise 42 billion in funds, leaving 2.625 billion in funds unaccounted for.

The bank didn't care about that much and just transferred the money away. The remaining 2.625 billion funds will be slowly recovered through the auction of the Chiang family's ancestral home and other real estate.

This chapter is not over yet, please click on the next page to continue reading!

Soon, the police and other departments issued an announcement to explain to the public the progress of the 30 billion gold fraud case.

To put it simply, there are two main points.

First, Jinling Phoenix Gold Jewelry has already compensated 42 billion yuan at the current price, and the remaining 2.625 billion yuan will be repaid through subsequent auctions of ancestral homes. The impact of this case is already within control and will not trigger systemic risks.
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Second, Jiang Zhengtian, the actual controller of Jinling Phoenix Gold Jewelry, has been arrested and brought to justice. At the same time, all relevant personnel involved in the case are also detained in the detention center, awaiting court hearing.

At this point, the Jiang family, which had been developing in Jinling City for decades, was completely destroyed.

When the Jiang family was destroyed, the Ning family benefited the most.

No, the Treasure Treasure Pavilion building is now up for auction, and Ning Shaoqing took the photo directly.

After the formalities were completed, Ning Shaoqing called Yang Chen.

Ning Shaoqing: "Brother Chen, I have taken down the Treasure Exploration Pavilion! We can open our stone gambling shop directly here."

Yang Chen: "Haha... That's good. Haicheng is also ready. I'll ask Nan Myanmar to deliver the goods. Let's open the two businesses at the same time on June 6th."

Ning Shaoqing: "Okay! Then prepare as soon as possible, we will open on June 6th."

Yang Chen personally named Gambling Stone Shop Xingchen Pavilion. He personally holds 67% of the shares in both Haicheng and Jinling stores, and the remaining shares are divided among other partners.

No one in Jinling City opposed the opening of Xingchen Pavilion, but it was different here in Haicheng. Tang Chengbao was the first to stand up and oppose the opening of Xingchen Pavilion.

No, Tang Chengbao made an appointment with Yang Chen, Xue Yinong and other shareholders of Xingchen Pavilion to negotiate in person.

Tang Chengbao's attitude was clear and resolute, and he would not allow Yang Chen and the others to set up Xingchen Pavilion Gambling Stone Shop next to Mingcuifang.

He even shouted that if Yang Chen and the others insisted on doing this, the Tang family would retaliate against Yang Chen and the others at all costs.

Yang Chen's attitude was also very firm, saying: "Mr. Tang, if you think you can scare us with the Tang family, then I think you must be wrong. I can tell you clearly that Xingchen Pavilion will be on June 6th.

It will open as scheduled. If the Tang family dares to cause sabotage, we will retaliate against the Tang family at all costs."

Tang Chengbao sneered and said: "Okay! Since we can't reach an agreement, let's not talk about it. Let's wait and see and see who can have the last laugh."

After saying that, Tang Chengbao led the people away angrily.

Yang Chen stood up and stretched, smiled and said to Xue Yinong and others: "Ignore him, the Tang family doesn't dare to really cause damage."

Xue Yinong: "I heard that the old man of the Tang family has recently changed many Tang family properties and transferred the legal entities and equity to the names of Tang Chengbao and Tang Chunlai. Tang Chenghu's position as the head of the family is in jeopardy. Even if he is not removed from the family in the end.

He was driven down from his position, but he was the only commander left. Even if he was still the head of the Tang family, it was useless. Tang Chengbao probably thought that he and his son would soon have actual control of the Tang family, so he

So arrogant."

Yang Chen: "I have already guessed that this would be the result. Tang Chenghu is such a benevolent woman that no one else can blame her."

Qiu Tian: "Brother Chen, how about we call in overseas mercenaries to give Tang Chengbao and Tang Chun a warning?"

Yang Chen: "No need for now. There are military connections behind the Tang family, so we try not to cause trouble actively. Don't use overseas mercenaries to deal with the Tang family unless absolutely necessary. Okay, you all go back, I'm going to go to the sports car."

Everyone nodded and said goodbye to Yang Chen.

Yang Chen's JAC car has been renovated, and now it has bulletproof, explosion-proof and other functions. It cannot be smashed by ordinary steel rods. It is a veritable iron lump.

At almost eleven o'clock, Yang Chen finished seeing off a passenger and was just about to grab a ticket when a middle-aged man hurriedly got on the bus.

Passenger: "Brother, hurry to the high-speed rail station!"

Yang Chen: "I'm sorry, brother, this is an online car-hailing service, not a taxi. You must order from the Bibi platform."

Passenger: "I want my car to cost 100 yuan, but it doesn't pass through the platform. Is that okay?"

Yang Chen shook his head and said: "I'm sorry, no! If I don't go through the platform, I'm just running a black car, which is illegal. I drive the car just to kill time, and I don't want to break the law for such a small amount of money. Either you go through the platform and call a taxi, or you get off.

car."

Passenger: "Why are you so rigid? OK, OK, I'll place the order."
To be continued...