The Magnificent Son-in-law Chapter 697: Economic Fraud

In the stylishly decorated coffee shop, Shi Jiaxin sat by the window, watching the hustle and bustle outside, searching eagerly for the figure she longed to see.

She wore a white coat with a pink mink fur thermal with English letters inside, paired with black stockings, it wasn't from any luxury brand, yet it gave off an air of a wealthy young lady.

Soon, a very flashy supercar appeared in sight.

Sitting opposite her, a young man with glasses, looking refined, exclaid in surprise, "Wow, a limited edition! In a place like Jiangcheng, not many people can afford to drive such a car, right?"

"That's Xiao Feng, the one I told you about," Shi Jiaxin said flatly.

The young man widened his eyes, "So wealthy? Jiaxin, you should seize the opportunity."

"What nonsense are you talking about? He's already married," Shi Jiaxin said irritably.

"Married?" The young man clicked his tongue in amazent, "I really don't get it. If it were driving such a car, I definitely wouldn't get married so early."

As they spoke, Xiao Feng had already stepped out of the car, instantly becoming the focus of the crowd.

To be honest, this kind of feeling isn't bad at all.

However, Xiao Feng didn't seem to have any intent of stopping to wait for a beauty to approach him. Instead, he walked straight into the coffee shop.

Shi Jiaxin stood up and called out, "Over here."

Xiao Feng walked over as Shi Jiaxin introduced, "This is one of the most renowned lawyers in our province, Li Zhihai."

Afterwards, she said to Li Zhihai, "This is Xiao Feng, whom I ntioned to you before."

After shaking hands, they sat down separately.

Not waiting for Xiao Feng to ask, Shi Jiaxin got straight to the point, "The reason I asked you to co here today is to talk to you about Keren's situation."

"I know, isn't it just a suspension? It's nothing serious, right?" Xiao Feng picked up the coffee in front of him and took a sip.

Li Zhihai pushed up his glasses and chuckled, "Mr. Xiao, on the surface, a suspension seems like no big deal.

But once I explain the situation here, you surely won't think so."

Xiao Feng gestured for him to go on, indicating for him to explain the case.

Li Zhihai took a stack of A4 papers from his bag, placing the top one in front of Xiao Feng, he said, "Two months ago, due to an inability to repay a huge bank loan, Shen Group announced it would enter bankruptcy liquidation.

Following that, Huilu Bank in Jiangcheng publicly auctioned off Shen Group.

Eventually, Shen Group was acquired by a company called Changheng, with a final price of 380 million."

Xiao Feng nodded slightly, these events rang a bell for him as he had previously paid special attention to news about Shen Group.

However, he couldn't fathom why Li Zhihai was bringing up these outdated news stories.

Li Zhihai glanced at Xiao Feng and smiled, "It seems what I'm saying has already caught Mr. Xiao's attention.

But perhaps Mr. Xiao doesn't know yet that the legal representative of this Changheng company is Liang Wenlong, the forr secretary of Shen Group's chairman, Shen Hongcai."

"What!" Xiao Feng's eyes narrowed, this piece of information genuinely surprised him.

Li Zhihai spoke gravely, "That's the fact, Mr. Xiao, take a look at this."

He then handed over an A4 sheet to Xiao Feng.

Xiao Feng took it and saw it was a copy of a stock transfer agreent, simply stating that a person nad Yu Pengpo transferred his 3% equity stake in Huilu Bank to Shen Hongcai.

"Yu Pengpo, he is the president of Huilu Bank," Li Zhihai added appropriately.

Xiao Feng returned the copy back, sowhat impatiently asking, "These things, are they related to Song Keren?"

Shi Jiaxin, who had not spoken, said, "Don't rush, let Lawyer Li sort out the relationship between Shen Group, Shen Hongcai, Liang Wenlong, Huilu Bank, and Yu Pengpo.

Then you'll understand why I was so eager to find you."

Li Zhihai took a sip of his coffee and said, "Mr. Xiao, the key to the whole incident lies in the stock transfer agreent I just showed you.

If not for it, there wouldn't be any problem with the whole affair.

But with it, the relevant authorities have every reason to suspect this is a major case of economic fraud orchestrated by Shen Hongcai and Yu Pengpo."

"Economic fraud?"

"Yes, exactly, economic fraud,"

Li Zhihai said with a serious expression, "After Shen Group enters bankruptcy liquidation, the bank will auction off all its assets, including land, to cover its losses."

"What would Shen Hongcai want with a bankrupt company?" Xiao Feng asked puzzledly.

"Of course, there's a purpose. After all, 380 million isn't a small sum. Nobody would pay this without profit," Li Zhihai replied, "The most obvious benefit is that Shen Group's previous debts to the bank disappear like that.

Moreover, all the wages for laid-off workers, relocation fees, etc., also vanish with the change of hands of Shen Group.

Don't underestimate these; they're not a small sum.

Besides, Shen Group is located in a pri location; even if the buildings are demolished and the land is sold, it will fetch a handso price.

Furthermore, even if not sold, with these operations, there's definitely no loss, only profit!"

Xiao Feng quickly caught the main point: "So, Shen Group is the secondary issue here; the main thing is the 3% equity of Huilu Bank.

And perhaps Shen Hongcai had Liang Wenlong purchase the company to avoid leaving evidence,

or simply to cover their tracks?"

"Mr. Xiao is indeed exceptionally smart," Li Zhihai's eyes showed a hint of admiration as he said, "Exactly as you said, although Huilu Bank is a private bank.

That 3% equity is at least equivalent to the value of two Shen Groups."

Xiao Feng pondered for a while and then asked, "What is the relationship between Yu Pengpo and Shen Hongcai that allows him to offer such great benefits?"

"Mr. Xiao has hit the nail on the head." Li Zhihai collected the A4 papers on the table and said, "Yu Pengpo, Shen Hongcai, and Liang Wenlong are currently all detained.

Liang Wenlong isn't noteworthy; he's just a puppet.

According to Yu Pengpo, it was Song Keren who forced him to do this, while Shen Hongcai claid that the entire idea was suggested by Song Keren from start to finish."

"Ha, as if Song Keren could have such a mind?" Xiao Feng said with a half-smile.

"..." Li Zhihai.

Shi Jiaxin interjected, "The crucial point now is that both Yu Pengpo and Shen Hongcai have provided agreents bearing Keren's signature.

And according to the investigation, Keren has an account in Huilu Group with an astonishing balance, matching exactly the figures provided in the agreents from Yu and Shen."

After listening, Xiao Feng laughed directly, "So, Song Keren's current predicant can be sumd up in just eight characters."

"What eight characters?" Shi Jiaxin asked puzzledly.

"Of course it's 'evidence is conclusive, speechless in defense'," Xiao Feng said with a smile.

"....." Shi Jiaxin.

Suddenly she felt that Xiao Feng's purpose for coming this ti didn't seem to be to help.