Chapter 104: Facts are not necessarily facts

Zhao Changfeng said: "Old Zhang, I am also thinking about the key points here! I just haven't figured out how the Fund Management Center illegally borrowed funds in the name of buying and selling treasury bonds."

Lao Zhang said: "Secretary Zhao, have you noticed that the funds in the Fund Management Center are usually escrowed by Zhongzhou Trust and Investment Company, but they only return to the account of the Fund Management Center until the end of the month?"

"Lao Zhang, after you said this, I remembered it, it's true." Zhao Changfeng said, "At that time, I thought the Fund Management Center was for the convenience of buying and selling treasury bonds."

Lao Zhang shook his head and said, "In fact, this is just a practice stipulated by the Fund Management Center in order to avoid the regulations stipulated by the Bureau. According to the relevant regulations of the Bureau, the Fund Management Center needs to issue a report at the end of each month and attach a statement of statements for each bank account. Then Zhongzhou Trust Company will transfer funds back to the account of the Fund Management Center at the end of the month. Judging from the situation shown in the account balance, the Fund Management Center does not have any illegal borrowing of funds, because all funds are deposited in each bank account."

"At the beginning of next month, the Fund Management Center will transfer the corresponding funds from the Fund Center account to the Zhongzhou Trust and Investment Company account in the name of entrustment to buy treasury bonds. The Trust and Investment Company can use this money to lend it out at high interest rates. Then it will be collected and returned to the Fund Management Center account at the end of the month."

"The treasury bond transactions involved are all carried out by the trust investment company. It is likely to be a hedge-type false transaction, the purpose is to embezzle funds for the treasury bond. At the end of the month, just pay a little interest as the profit of the treasury bond transaction to the fund management center. In fact, the interest on the treasury bond lending is ten times the amount of interest. And this still means that the funds are borrowed between financial companies. If the trust investment company lends the funds to enterprises or individuals, the interest obtained will be much higher."

Zhao Changfeng said: "So, the treasury bond trading business of the Fund Management Center must have been fake in the past two months?"

Lao Zhang said: "It can only be said that it is very likely to be a false transaction."

Zhao Changfeng said: "Then if we go to Zhongzhou Trust and Investment Company for transaction verification, we should be able to find out the truth, right?"

Lao Zhang shook his head again and said, "It may be found out, but it is also very likely that it cannot be found out. Director Wu of the Fund Management Center is a master of fund operations. If he can be more cautious and directly ask Zhongzhou Trust and Investment Company to record false transactions, then we will block the way we can find out the truth from the source."

Zhao Changfeng said: "Old Zhang, then to say so, we have no choice but to do this kind of fraudulent method?"

Old Zhang said in surprise: "How come there is no way? Section Chief Zhao, the temporary audit you proposed is a good solution!"

Zhao Changfeng proposed the purpose of temporary auditing to check the tricks of the Fund Management Center when purchasing Cai Daming's large refrigerator, but he did not expect that the temporary audit could also find out the tricks of the Fund Management Center's illegal lending of funds. At this time, he heard Lao Zhang say this, Zhao Changfeng had to say vaguely: "Lao Zhang, I just think that temporary audit may be a solution. As for how to refine this temporary audit plan, I have not yet considered it mature."

Lao Zhang said: "Secretary Zhao, the temporary audit targets the accounts of the Fund Management Center since this year. The purpose of our audit of this year's accounts is to verify whether the Fund Management Center has continued to borrow funds illegally. If the Fund Management Center is still conducting illegal fund lending through false purchases of treasury bonds, we will easily catch the fund management center."

Zhao Changfeng lowered his head and thought for a while, raised his head and said, "Old Zhang, I understand, is this like this? If we now conduct a temporary audit of the Fund Management Center, the Fund Management Center must withdraw the funds from the treasury bond trading from Zhongzhou Trust Company. However, because this funds were actually borrowed by Zhongzhou Trust Company, it should be returned at the end of the month according to the agreement. So if we conduct a sudden attack at the beginning of the month, the borrower of the funds may be caught off guard and cannot raise funds to return the Fund Management Center?"

Lao Zhang smiled at Zhao Changfeng for the first time: "Yes, Section Chief Zhao, that's about that. As long as our temporary audit cycle can be delayed long enough, the greater the pressure on fund lending."

Zhao Changfeng nodded excitedly and said, "Okay, tomorrow I will report this situation to Section Chief Zuo, ask him to report to Director Zhou, and ask him to immediately conduct a temporary account audit of the Fund Management Center."

Lao Zhang suddenly fell silent. After a long time, he said, "Secretary Zhao, do you really want to report this situation to Section Chief Zuo?"

Zhao Changfeng nodded and said, "Of course, since you have discovered the problem, of course you have to report to the leader."

Lao Zhang said: "What if Section Chief Zuo said that you would go to Director Zhou to report directly, what would you do?"

Zhao Changfeng thought for a while and said, "Then I will go directly to Director Zhou to report."

Lao Zhang sighed and said, "Secretary Zhao, do you know that if you do this, you will offend many people. It would be fine if there is a problem with the audit in the Fund Management Center, but if there is no problem with the audit, you will face tremendous pressure."

Zhao Changfeng said: "Lao Zhang, who stipulates that only audits can be audited only? Many times, the purpose of audit is to prevent problems, prevent problems from happening, prevent mistakes and plug leaks, and plays a preventive role. It does not necessarily mean that problems can be found in every audit. So even if problems cannot be found, there is no need to be any pressure? In addition to regular audits, does not our audit department also have several temporary audit tasks every year?"

Lao Zhang said: "Secretary Zhao, it's different. The temporary audit tasks of our audit department every year are arranged by the top. Several leaders of the Financial Audit Department hold meetings to decide on the target units for temporary audits. But this time, you take the initiative to report the situation to the leader and ask the leader to decide on the audit fund management center. Then, in this way, the nature of the matter will change."

"You have to know that the Financial Audit Department decides which unit to audit is either the department leader has received the above instructions to verify a certain unit, or the department leader randomly draws several goals in order to complete the temporary audit task. In the former temporary audit, the leaders of the target unit will most likely have economic problems. Even if the audit does not have economic problems, they dare not complain to their superiors, because these decisions come from the leaders' mouths. They complain that the auditors are equivalent to challenging the authority of the superiors."

"For the latter temporary audit, most of them are just the same. Audit staff also go through the motions in order to achieve the work goals and will not seriously check the problems of the audited unit. Even if any problems are found, the audit staff will generally only report to the superiors if the rectification opinions are found. Unless it is a particularly serious problem that involves the responsibility of the auditors, they dare not conceal it, and they will report the situation to the leader and the leader decides how to deal with it. Therefore, for the latter temporary audit, no matter whether the problem is found or not, the audited target unit will still not complain to the auditors to the superiors."

Zhao Changfeng nodded and said, "Old Zhang, I really don't know if you don't say it. It turns out that a temporary audit actually has so many things to pay attention to. So, as a subordinate, I took the initiative to report to the leader that I require the target audit of the audit target unit, so what if?"

Lao Zhang said: "Then your reflection in the eyes of the superiors is a preliminary qualification of the audited target; and in the eyes of the leaders of the unit under the audited target, your reflection is already a complaint to the superiors. Otherwise, so many bureau-affiliated units, why do you just ask the leaders to conduct a temporary audit of their units? If you can have a problem with the audited audit, then the situation is better. If you cannot have a problem with the audited audit, the leaders of the audited unit will take the opportunity to attack and make a comeback, saying that you have affected the reputation of their work unit, interfered with the normal working order of their units, etc. Of course, this is the best result. If the leader of the audited unit has a good relationship with the bureau leader, then your behavior will even be labeled as an alternative by the bureau leader and will be classified as a never-reused rank."

Zhao Changfeng took a breath of air conditioning and said, "It's so serious?"

Old Zhang said solemnly: "Secretary Zhao, this is not me scaring you, the consequences will be so serious."

Zhao Changfeng thought for a while and said, "Old Zhang, according to our analysis just now, there is a high possibility that there will be illegal fund lending in the Fund Management Center. So if the leader really agrees to us to conduct a temporary audit, it is very likely that the problems of the Fund Management Center will be discovered. As long as we can find problems, even if the leaders of the Fund Management Center want to turn the tables, aren't we afraid? Because the facts we audited are placed there."
Chapter completed!