Home Uncategorized There is an urgent need for financial false news, hype news and Packaging News cases

There is an urgent need for financial false news, hype news and Packaging News cases

by admin

Urgent need for financial false news, hype news and Packaging News. If you answer well, you can add 80 points to do what you say. Thank you for giving it to big bird

financial false news

I helped you find a false report about ABC in the financial times
the truth about the stripping of 4.6 billion yuan of non-performing assets from ABC Changde branch

in 2008, ABC Changde branch stripped 4.621 billion yuan of non-performing assets from Great Wall Changsha office again. At present, the agricultural head office is making a detailed and thorough investigation into this event
the non-performing assets stripped this time are those in 2004 and 2005, which are one more fiscal year than the last, and the amount involved is large. In addition, there are two important reasons: first, although Changde branch of Agricultural Bank of China is a secondary branch, the agricultural head office did not recover the loan approval right at that time. The loan approval limit of the president of the secondary branch was more than 10 billion a year. Some of the loans issued in those two years could not be recovered, so it used the usual way to peel off this part of the operating losses as normal bad debts; Second, the 4.621 billion yuan of non-performing assets are not entirely owned by Changde branch. In order to achieve the purpose of more and faster stripping, some of these non-performing assets are transferred from other secondary branches in Hunan
in order to convert operating losses into non-performing assets and successfully divest them to the Great Wall Changsha Office, Changde branch of Agricultural Bank of China forged national official documents by privately engraving official seals, copying official seals, scraping, cutting and changing them, and “concocted” a series of industrial and commercial, court, public Security Bureau, accounting firm and other documents required by asset management companies to write off the divestiture, and then took the opportunity of transfer, Create the illusion of smooth stripping of non-performing assets
in fact, the non-performing assets stripped off by Changde branch of Agricultural Bank of China are mainly composed of loss and dead. According to the relevant policies of the agricultural head office, there are two ways to deal with the non-performing assets before stripping. One is to wait in line for write off, but it takes a long time; The second is to include the loss in full, so that the bank will bear a heavy debt burden and the book will be ugly. Only stripping to the asset management company is the most feasible method
the cost of Great Wall Changsha Office’s acquisition of non-performing assets of Changde branch of Agricultural Bank of China is very low. The consideration of loss is 1% and the consideration of dead is 30%. For example, for a loss asset package of 5 million yuan, the asset management company can obtain ownership by paying a consideration of 50000 yuan, and then the bank buys back the asset package at a price 1 to 2 times higher than the cost price
the advantage of this is that the asset management company can easily double the income without going through a lot of twists and turns. After the Changde branch of Agricultural Bank of China repurchases the asset package, it has the right to dispose of the asset package and can reclassify the assets without any policy restrictions. For enterprises with operational ability, the bank will continue to collect loans from them, The unrecoverable loans shall be written off again as bad debts. The agricultural head office has sent a special inspection team to Changde branch of Agricultural Bank of China. At the same time, the agricultural head office also began to conduct spot checks on the non-performing assets divested this year. At present, it is also found that the same violation problems also exist in Lianyungang (6.39,0.03,0.47%) branch of Agricultural Bank of China
some insiders believe that the 817.973 billion yuan of non-performing assets to be stripped off by ABC may be the last big cake in the disposal of non-performing assets by the four asset management companies, especially the Great Wall Asset Management Company. In order to avoid illegal operations in this process, ABC urgently needs to further improve its internal control mechanism
the truth of the huge non-performing assets stripping of Agricultural Bank of China Changde branch of 4.6 billion
in July 2008, the drama of the stripping of non-performing assets of Agricultural Bank of China of more than 800 billion yuan will begin
at this time, around the disposal of non-performing assets of Agricultural Bank of China, it involves an unsettled past between Hunan Changde branch of Agricultural Bank of China (hereinafter referred to as “Changde branch”) and Changsha Office of Great Wall Asset Management Company (hereinafter referred to as “Great Wall Changsha Office”)
as early as the end of 2006, financial times had an exclusive report on the illegal stripping of non-performing assets by Changde branch of Agricultural Bank of China from 2003 to 2004. At that time, Changde branch of Agricultural Bank of China “concocted” the documents required by the asset management company to write off and peel off the non-performing assets by privately engraving and copying the official seal, and stripped the operating loss of 1.211 billion yuan with normal bad debts
more than a year later, at the time of the overall acceleration of the share reform of ABC, the financial times once again learned exclusively that at the end of April this year, an insider reported to the agricultural head office, and Changde branch of ABC once again illegally stripped 4.621 billion yuan of non-performing assets from the Great Wall Changsha Office. At present, the agricultural head office is making a detailed and thorough investigation into this incident
from 1.2 billion to 4.6 billion, the reporter learned that this is not only a doubling of the amount. Different from the first illegal divestiture, the recent divestiture of non-performing assets also hides an elusive mystery of asset package repurchase
4.6 billion non-performing assets
an insider of Changde branch of Agricultural Bank of China disclosed to the financial times that the bank’s stripping of this huge non-performing asset from the Great Wall Changsha Office originated from the investigation of Hunan Agricultural Bank by Luo Xi, member of the Party committee and vice president of the agricultural head office
in September 2007, the agricultural head office launched a thorough investigation to “find out the family background”. The main purpose of this work is to find out the real situation of non-performing loans and non-performing assets of provincial branches, so that ABC can digest these historical burdens before listing
shortly after the thorough investigation, Luo Xi led a team to inspect three branches in Hunan, Hubei and Henan. The reason for choosing these three provinces, an official of the agricultural head office who followed Luo Xi’s investigation said, “these three branches are branches with relatively difficult operation and large workload of stock reform preparation.”
after the three-month inventory, Changde branch of Agricultural Bank of China stripped 4.621 billion yuan of non-performing assets from Great Wall Changsha Office. This non-performing asset is so huge that people have to suspect that there are hidden secrets behind it
when the reporter called Changde branch of Agricultural Bank of China to inquire about the details of this huge amount of non-performing assets, the relevant person in charge of the branch refused to reply on the grounds of involving business secrets
finally, the financial times contacted a former vice president of Changde branch of Agricultural Bank of China who was expelled from the agricultural head office in 2007 because of suspected illegal stripping of 1.2 billion yuan of non-performing assets. He disclosed the inside story to reporters
“as far as I know, the non
-performing assets stripped this time are the non-performing assets in 2004 and 2005. Compared with the last accounting year, there is one more accounting year, which naturally involves a large amount.” The former vice president said, “In addition, there are two important reasons. First, although Changde branch of Agricultural Bank of China is a secondary branch, the agricultural head office did not recover the loan approval right at that time. The loan approval limit of the president of the secondary branch was more than 10 billion a year. Some of the loans issued in those two years could not be recovered, so it used the usual way to peel off this part of the operating losses as normal bad debts; second, 46.2% The non-performing assets of 100 million yuan are not entirely owned by Changde branch. In order to achieve the purpose of more and faster stripping, some of these non-performing assets are transferred from other secondary branches in Hunan. “
behind the 4.6 billion yuan
4.621 billion yuan! A secondary branch divested such huge non-performing assets at one time, didn’t it attract the attention of the Great Wall Changsha office
according to the relevant regulations of the regulatory authorities, when commercial banks divest non-performing assets from asset management companies, asset management companies need to confirm and check the relevant accounts
introduced by an operator of the policy asset disposal department of Great Wall Changsha Office, “Due to the heavy workload of account verification and the small staff of the office, it is often only possible to review the information in writing. As long as the total balance is consistent, it will be stripped according to the normal procedures. Although it is known that there is the possibility of fraud, it is difficult to find problems only by the account audit of the office, unless it is conducted by a professional department Audit. “
it is understood that in order to convert the operating losses into non-performing assets and successfully divest them to the Great Wall Changsha Office, Changde branch of Agricultural Bank of China forged the national official documents by privately engraving the official seal, copying the official seal, and using knife scraping, cutting and modification, and “concocted” a series of industrial and commercial, court, Public Security Bureau, accounting firm and other documents required by the asset management company to write off the divestiture, and then took the opportunity of transfer, Create the illusion of successfully stripping off non-performing assets
a project manager of Changde group of asset management department I of Great Wall Changsha Office disclosed to the financial times that according to his many years of experience in disposing of non-performing assets of Changde branch of Agricultural Bank of China, it can be said that bank fraud is common in the process of disposal, and it is common for several branches to jointly commit fraud. Once discovered, banks will come out and take the initiative to deal with it
the fog of repurchase
during the interview, the financial times was also surprised to learn that another strange thing happened after the divestiture of non-performing assets – the bank took the initiative to repurchase the asset package, that is, the above-mentioned “self balancing”
repurchasing asset packages means that after a bank divests non-performing assets, asset management companies usually package them for public auction. Before the normal auction, the bank actively purchases and recovers the asset packages
in this regard, the relevant person in charge of Changde branch of Agricultural Bank of China gave what he thought was “logical” explanation, “the reason why we do this is to avoid allowing state-owned assets to flow into the hands of private enterprises or private business owners.”
however, a staff member of the audit office in Wuhan who participated in the audit of Changde branch of Agricultural Bank of China in 2006 questioned this explanation. “If it is really non-performing assets, it is the burden of the bank. Being stripped off and auctioned is a good thing for the bank. How can it cause the loss of state-owned assets? Isn’t this self contradictory?”
then, what is the real purpose of the bank’s repurchase of asset packages
Financial Times learned about the general context of asset repurchase package from the former vice president of Changde branch of Agricultural Bank of China
“asset package repurchase occurred after the previous stripping of non-performing assets, which is not new.” The former vice president said frankly
in fact, the non-performing assets stripped off by Changde branch of Agricultural Bank of China are mainly composed of loss and dead. According to the relevant policies of the agricultural head office, there are two ways to deal with the non-performing assets before stripping. One is to wait in line for write off, but it takes a long time; The second is to include the loss in full, so that the bank will bear a heavy debt burden and the book will be ugly. Only stripping to the asset management company is the most feasible method
“the cost of Great Wall Changsha Office’s acquisition of non-performing assets of Changde branch of Agricultural Bank of China is very low. The consideration of loss is 1% and the consideration of sluggish is 30%. For example, for a loss asset package of 5 million yuan, the asset management company can obtain ownership by paying a consideration of 50000 yuan, and then the bank buys back the asset package at a price 1 to 2 times higher than the cost price.”
the advantage of this toss is that the asset management company can easily double the income without making great efforts to auction. After the agricultural Changde branch repurchases the asset package, it has the right to dispose of the asset package and can reclassify the assets without any policy restrictions. For enterprises with operational ability, the bank will continue to collect loans from them, The loans that cannot be recovered are recognized as

related posts

Leave a Comment