"Fake?"
"No way, Brother Feng, are you joking?"
"Brother Feng, our family has so business in this area. If it’s gold pledged for credit, it’s almost impossible for it to be fake gold."
The three brothers were imdiately stunned.
And they all shook their heads, saying it was impossible.
Lin Xiaoyun continued, "When gold is pledged to a bank, the bank usually invites an insurance company to underwrite it and also tests the gold. The bank conducts its own tests as well, and personnel from all three parties are present. Let’s assu Rich Source Gold Group and the bank have so secret arrangent, aning they’re colluding. However, the insurance company definitely wouldn’t be involved, because if there’s a problem with the gold, they’d be hit hard."
With this kind of triangular relationship, it’s very unlikely for any problems to arise.
"During testing, the bank’s and the insurance company’s tests are also conducted separately, including thods like pressure testing and spectral analysis. It’s impossible for the gold to be faked."
"Once the gold passes quality inspection, it’s sealed under third-party supervision and stored in the bank’s vault. The key is split into three parts, with the bank, the insurer, and the pledger each holding one. The vault can only be opened when all three keys are used together."
"So, after genuine gold passes inspection, it’s impossible to switch it with fake gold while it’s in storage."
After hearing Lin Xiaoyun’s explanation, Luofeng laughed.
"I know all this, Sister Lin. I also know that with these procedures, the gold should be absolutely safe. But the problem has still occurred!"
"It really has?" Chen Dali looked at Luofeng.
"Eighty to ninety percent sure!" Luofeng stated affirmatively.
"Damn it, Brother Feng! Your eighty to ninety percent certainty has totally shocked. So, this thing is real?" Li Bo Kai said excitedly.
Lin Xiaoyun fell silent.
Chen Dali said, "Luofeng, this is a serious matter, and we don’t have any evidence. If we had crucial evidence, we could get soone to investigate."
Lin Xiaoyun agreed, "Yes, without evidence, it’s almost impossible to push for an investigation. After all, this whole thing sounds far-fetched."
Li Bo Kai asked, "Brother Feng, do you have a plan?"
Luofeng said, "I don’t have any crucial evidence right now. In fact, most of it is conjecture, pieced together from minor clues. You could say there’s almost no concrete evidence at all."
The three of them looked at Luofeng, puzzled.
If there’s no evidence, how can this be done? After all, they could trust Luofeng unconditionally, but what about other people? Everything cos down to evidence.
"This is the internet age, Sponsors!" Luofeng suddenly laughed.
"In the internet age, there’s so much we can do!" Luofeng chuckled.
All three felt a shiver run down their spines.
"Damn it! I suddenly rembered that Shiseido incident."
"Hahaha, good! Brother Luo Feng, just tell us the plan. How are we going to do this? We’ll cooperate!"
Luofeng didn’t explain imdiately but instead asked, "After the group’s collateral was approved by the bank, do you know what they did next?"
"There’s more to it?" Chen Dali asked in surprise.
"Of course. Do you think Chen Ergou is a fool? Or that the Chen Family are idiots?" Luofeng chuckled.
"Chen Ergou is clever, and the Chen Family has many capable people," said Chen Dali.
"True, the Chen Family does have many capable people. Otherwise, the group wouldn’t have been established so quickly," Li Bo Kai stated.
"With so many capable people, why would they make a mistake with the gold mine in the Rainbow Region? I don’t think it’s just what we previously analyzed. Their cash flow must have even bigger problems, so severe that even the bank can’t cover for them anymore."
"So, they want to use the gold mine in the Rainbow Region to stabilize their situation?" Chen Dali asked.
"Of course," Luofeng nodded.
The Wu Family must want the gold mine to stabilize the Chen Family’s situation.
A gold mine and a Golden Group are a natural match.
From mining to integrated operations, the profits, with no middlen, are outrageously high.
Once the Chen Family secures the gold mine, they’ll completely escape this crisis.
"I’ve been investigating this. The Chen Family’s funds are far greater than the value of the gold they pledged. They pledged a total of 60 tons of gold and obtained 18 billion in credit from the bank."
"Then, they used that credit and so insurance policies to secure further financing from other financial institutions. Simply put, they used the sa batch of gold for a double dip."
Truthfully, Luofeng was sowhat impressed with the Chen Family. These two bargains were truly tantalizing. He rembered wanting to milk the System twice last ti, only to be rejected. Why the injustice?
"All we need to do now is spread the news that this group used fake gold as collateral. Then, the financial institutions will be the first to go after this Golden Group," Luofeng said.
"Would financial institutions believe such baseless rumors?" Li Bo Kai asked.
"If you had lent 10 billion to this group and saw this news, wouldn’t you make inquiries?" Luofeng smiled.
"I’d definitely make inquiries then."
"Exactly. So, why wouldn’t they believe it?" Luofeng said.
"So, Brother Luo Feng, you’re saying the first step is to spread the news about the fake gold wildly on the internet?"
Luofeng nodded. "Yes, but to prevent the Chen Family from targeting us, we need to handle this carefully. It’s best to do it discreetly, to stop them from getting desperate and trying to take us down with them before we can bring them down."
"Yes, we need to be careful about that," Li Bo Kai nodded.
Luofeng added, "I’ll arrange for people to keep an eye on them. I’ll start taking action this afternoon. I’m also going to take a few days off to stay in the Capital City until this is completely resolved before I head back."
"Right. Once the financial institutions push for an investigation and confirm the gold is fake, our three families can take down the Chen Family," Chen Dali said with a smile.
"No, no, no, it won’t be just our three families," Li Bo Kai shook his head.
Lin Xiaoyun added, "Definitely not just our three. Once the Chen Family shows any weakness, plenty of people will want to settle scores with them. Su Xiaohu’s family was tricked by them too."
"Speaking of which, Duanmu Feng’s family was also tricked."
"Hehe, and another one, Zeng Qian, was also tricked. Chen Ergou even mocked her for being ugly and unsophisticated. She probably won’t let him off the hook this ti, right?" Lin Xiaoyun said with a mischievous smile.
"Li Mu’s family too!"
Luofeng was speechless. "This Chen Ergou’s Family has really made enemies everywhere. ’A single general’s success is built on ten thousand bleaching bones.’ How many people did they step on to get to the top?"
Li Bo Kai said, "Leave this to . Several of us car enthusiasts are hackers."
"Great. Can it be done by tonight?" Luofeng asked.
[Request for monthly tickets and recomndation tickets! To those who have monthly tickets, please send them my way. Thank you! Begging all the bosses!]
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