Hundreds of billions of US dollars flowed from Japan to third countries, and regulatory agencies began to trace the source of these funds. Some of these transactions were difficult to trace, but others were still traceable.
There are several clues that clearly indicate the funds flowed out of Huaba's (a financial platform) fund pool, went through several intermediaries, and were eventually consolidated into a large account.
Customers are the gods of capital banks; they rely on them for their livelihood, especially large clients who can deposit hundreds of millions and generate billions in turnover.
Once the investigation began, the dedicated manager had already hinted to the client that the account was at risk.
Mitsui Tozaburo has maintained relationships with various bank professional managers over the years.
Fearing something might happen to the accounts, he consolidated the accounts under the jurisdiction of different banks. He then hosted banquets for the managers of those banks and gave them money. Whenever their bank accounts encountered risks, they would notify him immediately.
The money wasn't wasted; it even delayed the issuance of the account freeze order by a day and a half.
The balance in the account was transferred out in a timely manner, thus preventing the customer from suffering losses.
Capital banks are generally quite trustworthy in their business operations; otherwise, who would entrust billions or tens of billions of dollars to your bank?
If they lend a helping hand when things go wrong this time, customers will leave more money in your bank next time.
The outflow of tens of billions of yuan has indeed caused many banks to transfer a lot of money, and the transaction fees alone are very substantial, enough to make them very wealthy during the New Year.
Will foreign exchange outflows harm a country's foundation? Of course they will, but banks have their own calculations. They feel that the loss of foreign exchange is also a benefit, since there are so many foreign exchange reserves, and after the banks have handled them, most of them are foreign exchange held by overseas branches.
In reality, the country's foreign exchange reserves were not used much; at most, it was equivalent to losing a hand, and it wouldn't cause any serious damage.
In Japan, the emergency liaison team received a message in red from Mitsui Tousaburo and promptly relayed it back to Japan.
Xing Baohua's awareness of the red warning signified that the account used to transfer funds had been located. This illustrates the risks of rapid fund transfers.
The next step is to investigate the Huaba fund pool.
Those damned Japanese devils, they deliberately detonated this bombshell themselves.
Plans are no match for changes. Another unexpected event has occurred, increasing the risk to a level no less significant than the two giant mushrooms of yesteryear.
The risk was directed at the Japanese; ever since Xing Baohua transferred his assets, his risk has decreased.
The initially delighted consumers have become victims.
The cashback points they earn from their spending will be non-redeemable, which is a secondary concern. In short, you can't live without consumption, but the problem is that overspending, credit-based consumption, and even subprime consumption will have disastrous consequences.
Who will repay this money, and how?
With seven or eight million users on Huaba, how can the Japanese government possibly clean up the mess for them? There's no way to do so, especially for those who took out subprime loans. They are about to lose everything and have to repay the debt generation after generation.
The Japanese also had this saying: "When a person dies, all debts are settled."
So if the flower bar explodes, the Japanese population will decrease by several percentage points.
The red alert had been issued, and Xing Baohua had been waiting for this day to arrive. After several changes, it arrived much earlier than expected.
Mite eradication campaign.
Mitsui Tousaburo originally intended to use his departure to earn more foreign exchange, but little did he know that he would have to pay off more than 30 million US dollars. It was only because of his decisiveness that he ended up losing money.
He left Japan with his family.
He was among the first to be implicated. He didn't go to Hong Kong, since he had worked there and knew many people. As requested by Xing Baohua, he went to Singapore to immigrate under the guise of investment and obtained Singapore citizenship. However, he did not live in Singapore but went to Malaysia and resided in Johor Bahru.
The plan to eliminate mites was outsourced to 15 senior executives at Flower Bar, specifically those 15 people who knew Mitsui Fujisaburo.
Only the two of them knew who the real owner behind the flower bar was.
The investigation team hasn't actually entered the flower bar yet, but they've already heard that management personnel have gone missing.
Some mid-level employees at the flower shop haven't seen their superiors for several days, and they don't answer their calls, making it difficult for many tasks to progress.
The higher-ups knew nothing about it. They checked the personnel files and addresses, and when they arrived at the address, they were dumbfounded to find that it was a fake address.
Call the police in the end.
A few days later, people in different areas called the police, reporting a strange odor coming from their neighbors' homes. The police responded and investigated. Wow!
Big work has come in, the kind with a lot of workload.
One family was wiped out, but the number gradually increased to 15 families, with the largest number being seven people.
This triggered panic in the surrounding neighborhoods, which gradually spread to a large-scale panic.
Multiple media outlets have reported on this incident. Who did it? It's utterly heinous.
After several more days of verification, it was discovered that 15 of them were related to Huaba, and they were even the executives of Huaba who had gone missing.
This is no small matter. With follow-up reports, 15 senior executives of Huaba were killed at home, and the severity of Huaba's problems remains unclear.
The problem is serious, especially for consumers who quickly open the app to withdraw their money.
Withdrawals are processed in installments, like squeezing toothpaste little by little, but for consumers, even a small amount of money is still money. Receiving it in their hands provides psychological comfort; it's all cashback, money that has already been spent.
"Due to a system malfunction, withdrawals are unavailable. Please contact customer service."
Just that one sentence caused Huaba's customer service hotline to be overwhelmed with calls.
The clueless customer service representative was unaware that their company had ceased to exist, and was still earnestly using polite language with the customer.
Whenever asked about withdrawals, they would claim ignorance and then offer endless apologies.
The apology was sincere, but the customer didn't accept it and used all sorts of uncivil language to address the customer service girls.
They just want Huaba to fulfill its promise and get back the money they spent.
Otherwise, they really wouldn't be able to survive.
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