The first thousand three hundred and twenty-six chapters treasury bribery
If the loan is not repaid in the future, Feng Ni himself and other officials related to this matter will all be in bad luck, or at the very least they will be sent overseas!
Faced with an official like Feng Ni who was putting pressure on his political future, even though the senior officials of Imperial Bank and Royal Bank were not optimistic about this project, they still agreed to give Feng Ni a chance!
Um!
Just an opportunity!
There are precedents of Tongzhou loan default and many other local government loan defaults. Nowadays, banks provide loans to local government with a very cautious attitude, for fear of being cheated accidentally.
Although if Feng Ni can really come up with a complete development plan for the tertiary industry and a loan repayment plan, they will not refuse it whether it is for policy reasons or to make money.
After all, Imperial Bank and Royal Bank, although one is directly under the Ministry of State-owned Enterprises and the other is directly under the Royal Assets Department, have a strong official background and also make some policy investments, in essence, they are still commercial banks.
Since it is a commercial bank, it must make money.
Originally, lending to the government was more troublesome than lending to enterprises. The interest rates were low, and sometimes they were unsecured loans. The risks were relatively high. Although the local government could not afford to repay the loan in the end, the bank could choose to make a big fuss and force the higher-level finance department to take out the money.
But even if we can get the money back in the end, it will still be troublesome and the political impact will be bad. At that time, the Imperial Bank was under tremendous political pressure because of the Tongzhou loan default.
So, if the risk is too great, they still won’t lend!
However, Imperial Bank and Royal Bank are willing to give Feng Ni a chance, and Feng Ni will naturally hold on to it and not give up.
Feng Ni quickly organized Huating's economic officials, and then came up with a complete development plan for the third industrial zone. The loan repayment plan was based on Huating's local fiscal disposable income (excluding the transfer to the national treasury), which was distributed to Huating County.
financial part).
With the current fiscal revenue of Huating County, it is naturally impossible to repay it, but they will use the tax revenue from the smooth development of the third industrial zone in the future as important revenue.
According to their estimates, even if there is no additional investment in the future, only for those companies that have already invested or are preparing to invest, the subsequent tax contributions will be enough to repay the interest and part of the principal of this loan.
However, if the loans are in place and the infrastructure construction of the Third Industrial Zone is completed, more companies will definitely be attracted to move in. By then, these additional companies will be able to provide more tax revenue, and then they will be sure to build a business within ten years.
Pay off all principal and interest.
At the same time, in order to dispel the concerns of banks, Huating is also preparing to compress other aspects of finance and prepare to introduce an official salary control plan. The main officials of Huating County, led by Feng Ni, took the lead in cutting salaries and benefits, thereby compressing the entire county.
The salary expenses of administrative officials, part of this savings, will also be used as a security fund to repay loan interest. When the taxes from the Third Industrial Zone are not enough to repay the interest, then these security funds will be used to pay back the interest.
.
I can’t say whether the principal can be replaced, but Feng Ni is still sure that the interest can be replaced!
Although Feng Ni's move was risky, he didn't take the risk without any preparation. This time, he planned to borrow a full five hundred thousand yuan from the bank!
This amount of money is more than five times the current annual disposable fiscal revenue of Huating County!
The initial conditions given by the bank are that the loan of 500,000 yuan will be delivered at a 93% discount, and the 0.3% discount is the financing fee, with an annual interest rate of 8%, and will be repaid in ten years. Only the interest will be repaid in the first five years, and then the loan will be paid back in ten years.
The principal will be repaid year by year starting from five years.
Based on this calculation, the interest expenses in the first five years alone reached 40,000 yuan per year!
This interest expense can be said to be a huge burden for Huating's finance today, not to mention that in five years, the principal will start to be repaid, and by then this number will be even greater.
The bank lent out 500,000 yuan, and the return they would receive after ten years would be nearly 1 million yuan!
A great business with huge profits!
But the risk is also very high. If the third industrial zone in Huating does not develop well, there will be no money to repay, not to mention the principal, and the interest will not be able to be repaid. At that time, even if it is sued in court, the superiors will be forced to repay it.
If there is no financial guarantee, the political impact will be very bad.
After all, the Reichsbank and the Royal Bank are still official banks in the final analysis. If they push the local government too hard and cause bad political impact, it will not be a good thing for the person in charge of the bank.
But Feng Ni didn't care about this. He was confident that he would do a good job in the Third Industrial Zone and take another risk to make his career smoother.
After simple but complicated negotiations, Imperial Bank and Royal Bank finally reached a loan agreement with Huating!
Huating County received a total loan of 500,000 yuan, which was paid at a 93% discount, with an annual interest rate of 8%, and was repaid in ten years!
However, in order to ensure the safety of funds and the success of the project, the bank directly supervised the use of funds. These funds can only be used for the development and construction of the Third Industrial Zone and cannot be used for other purposes.
This is to prevent Huating officials from misappropriating the money to other areas and leaving the Third Industrial Zone half-dead. Then it will be a big trouble, not only for Huating, but also for the banks.
Therefore, the supervision of funds is very necessary!
And this kind of supervision must be done by banks. They don't trust local officials!
If you meet that daring fool and misappropriate the money for other purposes or even commit corruption, a lot of people will lose their lives!
Corruption in the officialdom is so serious nowadays that even people in the bank are aware of it, so they are very cautious when dealing with local officials. Even people within the bank have conducted preliminary secret investigations.
What?
Naturally, it is to investigate the financial situation of relevant officials in Huating. The two major banks have joined forces to investigate all the accounts and related assets of these officials. However, after the previous anti-corruption purge, Huating's
The situation is relatively good.
Huating County Magistrate Feng Ni was able to survive this anti-corruption storm safely, naturally because the superiors did not find much evidence about him, at most it was trivial matters.
Other corrupt officials have either been beheaded or have been sent to various mining areas to mine.
This time the anti-corruption storm in the Tang Empire was very big and lasted for a very long time!
The anti-corruption storm that started in November has been blowing all winter, and now it is early spring, and it is still blowing. Seventeen years after Xuanping, you can still hear about the dismissal of high-ranking officials from time to time.
These corrupt officials were not arrested in one day, but one was arrested in several days, and even the Anti-Corruption Bureau of the Supervisory Yuan responsible for anti-corruption was no exception.
A deputy director of the anti-corruption department also led an anti-corruption team and arrested a lot of people. The righteous Shang Zhezi said that the current atmosphere in the officialdom is bad and more severe rectification is needed, but he was arrested on the back.
The people from the Internal Affairs Department of the Inspectorate were taken away. Why? Because he embezzled more money than the corrupt officials he arrested.
When he was in charge of the case, he collected bribes from many officials, thereby letting some corrupt officials go.
However, as an anti-corruption supervisory official, he still has a very strong awareness of prevention. He never collects money personally, but always asks people who have nothing to do with him on the surface to collect bribe funds, and he never accepts checks, large amounts.
Cashier's checks, bank account transfers, etc. He only accepts cash.
Moreover, in his daily life, he behaved normally. He did not live a luxurious and corrupt life, nor did he let his clan members spend their money in debauchery. Instead, he hid all the money gained from corruption.
And the place where he hid the money was also very interesting. It was not at home, nor in an outer house, nor was he sent back to his hometown, nor was he engaged in any investment. He just exchanged all the money for gold, and then borrowed a fake identity to store it.
It's in the bank's vault...
However, he was still dragged out. In the end, when the law enforcement officers opened the bank vault he rented and saw the gold piled almost like a hill in the vault, everyone was stunned.
These gold and silver include large gold bricks, small gold bars, gold leaves, gold beans, etc. There are also gold coins minted by the Imperial Mint, various gold ingots from the pre-Ming Dynasty, and even a lot of them.
gold jewelry products.
Finally, it was calculated that the total value of the gold this man had hidden in the vault reached more than 600,000 yuan!
The amount of corruption is actually nothing compared to the many super corrupt officials caught by the empire. There are many people who make use of corruption to make millions from their positions. These people who make hundreds of thousands can only be considered.
It's average.
But this is the first time I have encountered a corrupt official like him who wants nothing but exchanges everything for gold!
As for depositing stolen money into a bank vault, that was the first of its kind in the empire's anti-corruption history, letting everyone know that the most dangerous place is also the safest place.
If the investigators hadn't investigated from other directions and finally caught him and confessed to him, the investigators might not have been able to figure out where he hid the stolen money.
This case also has an additional impact, that is, it forces the banking industry to strictly supervise the vault business. Although people who rent vaults were registered in the past, the registration was not rigorous enough. Now, stricter management will be implemented to avoid
Lawless elements hid the bank vault on the spot as a place of filth and evil.
There are such big corrupt officials in the Anti-Corruption Bureau of the Supervisory Yuan, not to mention other agencies. There are so many corrupt officials of all kinds, but even after several months of arresting them, they still haven't caught them all.