Tokyo Barrister: Start the law firm bankruptcy

Chapter 478
When the chief of the Kyoto police tracked down the money laundering case of the Nakamoto ship and finally traced it to the production and research company of Kyoto University, at the same time, other people in Kyoto were also tracking the production and research company of this top university.And one of them is the former female reporter Niwa Marina.

The Liston Hotel, Room 1607.

The clock in the room had pointed to 2:13 in the morning.

The table in the guest room is full of various materials and file bags.There is also a small hanging board next to it, covered with various materials cut out of newspapers.The push pins are inlaid with several company registration materials and some photos of people, with traces of various scribbles and strokes, marking the criss-cross relationship among them.

Niwa sat on the administrative office chair, staring at the glimmering laptop computer in front of him, scrolling the mouse from time to time, looking up the information collected so far.It has been more than a month since I came to Kyoto to investigate the production and research enterprises.As more and more data are collected, a shocking scene is slowly unfolding in Niwa.

According to data released by the Ministry of Education, Culture, Sports, Science and Technology and Kyoto University, the total subsidies and funds received by production and research enterprises exceed [-] billion yen each year.Such a huge amount of public funds should have been closely monitored. However, after a thorough investigation, such a huge amount of money is like millions of cash placed on the street, unattended and allowed to be taken away.

Niwa picked up the teacup next to her and took a sip. Her hand holding the cup trembled slightly because of the explosiveness of the materials in front of her.Production and research enterprises...an investment that consumes so much public funds is simply...a scam.

Niwa has made three major discoveries so far.

First, a large number of production and research enterprises share a registered address and have no office space.Niwa has traced through layers and sorted out the current 856 production and research companies in the Faculty of Engineering of Kyoto University, and found that as many as 321 production and research companies have the same registered address.Among them, 128 production and research enterprises do not have actual office addresses, and all business calls or other contact methods are either unable to get through, or are transferred to other clubs.

And, there are many registered addresses that are even in extremely ridiculous places.For example, a company engaged in the research and development of marine sonar detection equipment has its office address in the mountains of central Japan, and a company engaged in small rocket launch research has its office address in a densely populated metropolis instead of Surrounded by sparsely populated suburbs, how could it be possible to engage in rocket launch activities.

Such a figure shows that one-third of the production and research companies receiving funding do not have actual office addresses, and they are completely fabricated companies.

Niwa has already gasped, this is simply lawless plundering of citizens' hard-earned tax money.

And this second discovery is that a large number of production and research companies provide purchases and sales and contract business to each other, inflating their performance.Production and research enterprises that receive funding in such a large number have corresponding assessments.One of the assessment indicators is the scale of the company's operating income.

Under the offensive of Western technology giants, the Ministry of Education, Culture, Sports, Science and Technology has put forward a slogan since the first five years: "Big is better." In other words, Eastern production and research companies need to continue to expand their business scale to compete with Western Compete.

Niwa found that there are a large number of production and research enterprises, buying and selling each other, and recurring sales to expand the scale of operating income.For example, Company A sells a piece of equipment to Company B for 1000 million yen.Immediately, Company A has an income of 1000 million yen.Immediately, Company B dismantled the equipment and sold it to Company A in the form of parts, and then Company B earned another 1000 million yen in revenue.After the reassembly of company A, it is sold to company B again. In an instant, it has a total income of 2000 million yen.It is such an ordinary device, but it can roll out a total income like a huge snowball.

Niwa was already shocked by this trick.

In the actual operation of production and research enterprises, this kind of cyclical sales, mutual buying and selling operations are more secretive and complicated.The entire cycle sales process may involve more than a dozen businesses.At the same time, there are after-sale leaseback, financial leasing, etc. mixed together, making it difficult for outsiders to find that the seemingly vigorous business development is actually just a cyclical false operation.

Yes, this is how materials, equipment, and money are poured back and forth, which creates the appearance that the scale of operating income is constantly expanding.And among them, I don't know how much human, physical, and financial resources were wasted on this kind of fraudulent means.

The third problem is the illegal mortgage of production and research companies.Niwa inquired through various channels and found that a large number of production and research companies obtained a large amount of financing from various banks in Kyoto by providing real estate mortgages.Yes, there is no production and research enterprise with an actual office address, so how can there be real estate mortgaged to the bank.

After further investigation, Niwa found that these real estates actually came from public scientific research institutions such as universities.

According to the "Law on the Use of National Legal Person Funds", national university institutions are not allowed to provide external guarantees with their own assets.This is a red line that university institutions cannot touch.However, right now, these assets have been mortgaged to banks through the channels of production and research companies, and a large amount of funds have been obtained.

An unprecedented picture has been opened in front of this female reporter.

On the one hand, production and research enterprises accept the injection of public funds, and on the other hand, they mortgage university assets to banks to obtain loans.Public funds provide these production and research enterprises with a short-term capital flow to repay debt and interest.And a large amount of money borrowed from the bank has become the object of wanton squandering.At the same time, production and research companies sell each other in a circular manner, inflating their performance.The larger the volume, the more public subsidies it can accept, and the more loans it can get from banks.

The whole cycle actually sucked in a steady stream of funds.

A strategy that was supposed to benefit the country and the people turned out to be a tool for making money.

It was supposed to be a production and research enterprise focusing on scientific and technological research and development, but it has become a hen that lays golden eggs.

【Ponzi scheme】

This idea suddenly popped up in Niwa's mind.There is no question that such a system is unsustainable.The behavior of cyclical sales and inflated performance will always result in many additional tax burdens and cost losses.These losses will gradually erode the real principal.And as long as one day, the injected public funds are reduced or stopped, the capital chain will be broken in an instant, and a large amount of money loaned from the bank will become bad debts in an instant.

Niwa looked at the accounting data of many production and research companies obtained from secret channels in his hands. At present, the debt-to-asset ratio of these companies is extremely high.It not only obtained loans from banks in the Kyoto area, but also obtained loans from major national banks, including Tokyo Central Industrial Bank, Mizuho Bank, Mitsubishi UFJ Bank and so on.Once an earthquake is triggered by a production and research enterprise, it will even have an impact on the entire financial sector in Toyo.

too crazy……

It's just crazy...

Niwa looked up at the photo of Ogawara in front of him—the first proponent of the industry-research cooperation strategy.It would be great if he could know his mobile hard disk that contains the account books of the production and research enterprise.If you can get the mobile hard disk, you can get the real ironclad evidence, and fully expose the shady scenes of the production and research enterprises.That mobile hard disk may still contain many things that I don't know.

Niwa pinched the center of his brows quite tiredly, closed his eyes slightly, intending to rest his mind for a while.

However, just as it was closed, suddenly there was a sound from the computer.A red dot suddenly appeared in the mailbox, followed by a dialog box popping up, indicating that a new email had arrived.

Who is emailing me at this point?
Niwa opened his somewhat confused eyes, moved the mouse, and clicked on the new email.

The screen flickered and the mailbox interface refreshed.

This e-mail has no title and only a simple line of text in the body.

However, at the moment when he suddenly saw this line of words, Niwa's eyes couldn't help but widen, and he saw the email read:

"I know where the hard drive in Daheyuan is. I have time to come out and chat."

(End of this chapter)