blueteamnovel Chapter 53 The Osaka branch was hit by an earthquake.
Chapter 53 The Osaka branch was hit by an earthquake.
Chihaya Yuri continued:
"The Rokko Golf Development project has dual books, concealing its true liabilities and using the Miyazawa Tourism Development project as an off-balance-sheet source of funding."
"If the contents of the ledger are true—"
She stared at Masakazu Yamada and said, word by word:
"This is a major issue concerning the security of our bank's 8 billion yuan in debt."
Masakazu Yamada was still leaning back in his chair.
Upon hearing the words "eight billion yuan in debt," he sat up straight immediately.
"Who brought it?"
"Kiryu."
"...It's him again?"
Masakazu Yamada's eye twitched.
But he obviously couldn't care less about what kind of constitution this newcomer had now.
"Is the branch manager still there?"
"They should still be on the fifth floor."
Masakazu Yamada immediately stood up and grabbed his suit jacket.
"Suppress the news."
"Don't let other classes spread the word."
"Leave the ledgers, Uesugi, and Kiryu in the small meeting area. I will report to the department head and branch manager immediately."
"Yes."
He walked to the door, then turned back and added:
"Chihaya."
"Yes."
"Notify Section Chief Iwakura."
"The debt management course will also be included."
Chihaya Yuri nodded:
"clear."
Masakazu Yamada pushed open the door and stepped out, his steps unusually quick compared to his usual leisurely demeanor as a section chief.
Because he knew it better than anyone else.
Eight billion.
At the branch level, this is not an ordinary case.
This is a major case that could completely destroy the credit management and evaluation system of the entire Osaka branch.
Moreover, if the matter is taken further back—
Then it's not just a problem with the Osaka branch.
Even at the Tokyo headquarters, it would cause a sensation.
Six forty-eight.
Fifth floor.
The lights in the finance department director's office were turned back on.
6:52.
The branch manager's secretary hurried towards the first VIP conference room.
6:55.
Before the head of the debt management department, Iwakura, could even take off his coat, he was abruptly pulled back from the stairwell by a phone call.
Meanwhile, in the financing review department on the third floor, Kiryu Yaya sat at a small conference table with two ledgers in his hands and Uesugi Akio, who looked dazed and uneasy, beside him.
It's exactly 7 o'clock.
It should have been the time to get off work.
However, all the lights were on in the innermost meeting room on the third floor of the Mitsubishi Bank Osaka branch.
People were already seated on both sides of the long table.
Masakazu Yamada.
Chihaya Yuri.
Section Chief Iwakura.
Two senior review officers from the financing department.
A director of the debt management department.
The staff member from the General Affairs Department who came temporarily to take meeting minutes.
Even the head of the financing department, Kiyomasa Ogaki, came down in person.
The main seat is empty.
That's reserved for the Matsumoto branch manager who might come down later.
The atmosphere was tense.
No one was chatting.
On the table were the two ledgers that Kiryu Yaya had brought back, along with shorthand summaries, blank sticky notes, and several cups of hot tea that had just been brought in but hadn't been touched.
7:03.
The meeting room door was pushed open again.
Keiko Miyazawa has arrived.
She had clearly rushed over; the hem of her beige trench coat was still damp with rain, and the ends of her hair were lightly wet.
A bank teller was following behind her.
Clearly, she was led up directly.
Several pairs of eyes in the conference room fell on her at the same time.
They were taking a look.
There is also prudence.
Masakazu Yamada stood up and pulled out a chair for her that was closer to Kiryu Yaya's side.
"Ms. Miyazawa, please have a seat."
"Thanks."
Keiko Miyazawa bowed her head in greeting, and after sitting down, she glanced at the two ledgers on the table.
Her eyelashes trembled slightly.
Clearly, she understood that since these two books were already in the bank's conference room, it meant that things could no longer be considered "family matters."
Masakazu Yamada spoke first, offering the briefest assessment:
"Ms. Miyazawa, we've asked you to come here today because we need to confirm a few things."
"First, is the source of these two sets of accounts reliable?"
"Secondly, whether the financial transactions between the Rokko Golf Development and the Miyazawa Tourism Development actually existed."
"Third, how much impact will this have on our bank's existing credit lines, especially on the related 8 billion yuan in debt?"
"Before confirming, let me clarify one point."
He looked at Keiko Miyazawa, his tone becoming more formal:
"From now on, this is no longer ordinary customer communication, nor is it simply an internal matter of the Miyazawa family."
"This is a matter for our bank's major credit risk review."
Keiko Miyazawa nodded gently.
"I see."
She placed the documents she had brought with her on the table.
Inside were a copy of the letter of appointment, a three-line note left by her father, a summary of the group's organization, and the first batch of summaries of the Rokkaku data that she had the finance department send to her study after the briefing this morning.
She took a deep breath, raised her head, and began to speak.
"These two ledgers should be genuine."
"The person delivering the funds was Mr. Akio Uesugi, the section chief of the accounting department at the Miyazawa Group. He was one of the few people my father was allowed to directly enter his study to report on the finances."
"After his father became seriously ill, he was gradually transferred away from his core position. In the past week, he suddenly took sick leave citing health reasons."
"This morning, after the briefing at the group headquarters, he asked someone to pass me a note saying that Rokkaku has two sets of accounts."
In the conference room, the recorder's pen began to move rapidly.
Keiko Miyazawa continued:
"My father left a note before he passed away."
"It says three sentences: Do not hand over the bank seal to the original; Re-verify the list of loans in the Rokka case; Do not touch the main family's shares as collateral."
As she said this, the expressions of the people on both sides of the conference table changed.
Zongjia Shares.
guarantee.
These words, to bankers, almost naturally carry an alarming connotation.
Section Chief Iwakura immediately asked:
"Ms. Miyazawa, did your father suspect the true extent of the Rokko project's liabilities before his death?"
I think so.
Keiko Miyazawa gave a very steady answer.
"It's just that his health deteriorated too quickly, and we didn't have time to fully investigate the matter."
She pushed the letter of appointment to the center of the table.
"In addition, my uncle, who is also the executive director of Miyazawahara, has been asking me to sign this full letter of appointment since my father passed away."
"The scope of authorization includes accounts, borrowing, guarantees, seal custody, and contract signing."
Kiyomasa Ogaki reached out and flipped through two pages, his expression slightly grim.
"Total authorization is going too far."
"Yes."
Keiko Miyazawa nodded gently.
"Therefore, at this morning's briefing, I requested to see the complete details of the borrowing and guarantee, especially the Rokko Golf Development."
"My uncle outwardly agreed, but at the same time required me to personally attend Sumitomo Bank's explanation regarding the Rokka extension on Wednesday."
"And I made it clear that if my hesitation leads to the failure of the extension and damage to the group's credit, I will bear the responsibility."
After he finished speaking, the meeting room fell silent for a moment.
Anyone could tell.
This is like shoving a pot that's about to explode into her hands.
Yamada Masakazu looked at Kiryu Yaya.
"Kiryu, come and supplement the account book."
"Yes."
Kiryu Yaya opened the curtain to several places where sticky notes had already been pasted, and pushed it in front of everyone.
"Currently, we have been able to preliminarily confirm four locations."
"First, the true liabilities of Rokko Golf Development are systematically underestimated."
"This includes short-term loans that have not been recorded, delayed provision for member returns, and funding gaps that are recorded under accounts payable and prepaid construction costs."
"Conservative estimates suggest the amount concealed is over two billion."
"Secondly, the tourism development in Miyazawa is continuously providing financial support to Rokko."
"Moreover, the loss is not only the 1.2 billion publicly disclosed, but also more than 500 million in undisclosed advances, plus interest and extension adjustments."
"Third, the explanatory materials seen by Sumitomo Bank are likely not the complete version."
"At least some of the cross-guarantees, internal loans, and real cash shortfalls recorded in this secret ledger did not appear in the public ledger."
"Fourth, and most crucially—"
Kiryu Yaya's finger touched a page of red pen annotations.
"If Miyazawa Tourism Development continues to absorb Rokko's losses, its own debt repayment ability will be rapidly eroded."
"The Miyazawa tourism development is directly related to the security of our bank's existing 8 billion related claims."