Chapter 391: The Funds Involved in the Case Exceed 100 Million!

"When Guangtai relocated to the industrial park back then, was there any corruption or bribery involved?"

Tang Ye signaled for Wan Ming to undo Ling Yi's handcuffs.

As the handcuffs were loosened, Ling Yi rubbed her stinging wrists, her emotions gradually calming.

She had already recognized the current situation.

At this moment, she could only protect herself.

Cao Jin would only kick her while she was down.

Perhaps, a long time ago, Ling Yi had anticipated that she would have a day like this!

"Yes. When Guangtai Energy relocated to the industrial park back then, the Government provided an additional piece of commercial land, originally planned for the construction of employee dormitories and high-quality commercial housing. This land was allocated for free, but after the buildings were completed, a large number of properties flowed into private accounts. For example, Liao Guosheng personally received five properties back then; he sold four of them and kept only one for himself."

Tang Ye asked in a deep voice: "Then regarding Guangtai's listing, were there any illegal or non-compliant operations?"

A bitter smile tugged at the corner of Ling Yi's mouth: "Guangtai's so-called listing plan is nothing but a castle in the air. Based on our understanding of the enterprise, its current production and operational status does not meet the requirements for listing at all."

"Why did Cao Jin swear that it could be listed in the near future?" Tang Ye looked surprised.

Ling Yi sighed at length: "If one doesn't cast out a sufficiently tempting bait, how can one make Guangtai willingly cough up the listing preparation funds? In fact, the people in charge at Guangtai know very well that the listing is merely a bargaining chip for negotiations with the Government.

Using the listing as an excuse allows them to defraud various levels of government of subsidies, siphon off preferential policies, and even ensure the Government chooses to shield the enterprise when major pollution incidents occur."

Hearing this, anger flared in Wan Ming's eyes, and he slammed his fist onto the table: "How shameless, how despicable!"

Most of the people Wan Ming had dealt with before were criminal offenders.

This was his first time dealing with an economic case, and he had not expected these glamorous social elites to be so insatiably greedy.

Laws and policies had become tools for them to squeeze benefits from the state.

No wonder the poor in society get poorer, and the rich get richer.

Although Tang Ye had long sensed that there must be something fishy about Guangtai's preparations for listing.

But hearing it confirmed from Ling Yi's own mouth, he still felt a strong sense of shock and helplessness.

Suiyuan County had exhausted its efforts to cultivate a listed enterprise, only for it to end up as a pawn played by others.

What is even more tragic is that, given Guangtai's business philosophy of ignoring green development, even if it could truly be listed, it would only be a flash in the pan—after capital raises funds through the securities market, it would likely drain the enterprise dry, leaving the common people with nothing but destroyed homes.

He steadied himself and turned to ask: "Talk to me about Deyang Finance."

At this moment, Ling Yi held nothing back: "Deyang Finance is a shell company controlled by Cao Jin; its essence is buying low and selling high. He scouts for enterprises in the industrial park that have pollution problems and forces them to shut down. A few enterprises might be able to change their registration location or move their production lines, but most can only sell off equipment and transfer factory buildings. Deyang Finance takes the opportunity to acquire these resources at a low price and then resells them at a high price!"

"Is Runsheng also one of the targets?" Tang Ye continued to press.

"That's right." Ling Yi smiled bitterly, "Runsheng's pollution is not the most serious in the park, but we investigated, and He Bin has no deep background; with a little maneuvering, we could force him into bankruptcy. Cao Jin calculated everything, but he didn't expect you to step in to help, and he certainly didn't expect the rectification plan you proposed to disrupt his plans. Because you cut off his path to wealth, he secretly wanted to deal with you."

Tang Ye was silent for a long time.

He suddenly understood why it was so difficult to push forward reforms in Huaguo.

Throughout history, change has inevitably touched upon vested interests, and blocking someone's path to wealth is like killing their parents.

Now, he was standing at the forefront of this clash of interests.

"Regarding the matter of Deyang Finance, think back carefully and confess for leniency. The sentencing standards for principal offenders and accomplices are vastly different."

Ling Yi's eyes turned red: "Please, you must protect my parents."

Tang Ye said in a gentle tone to reassure her: "Rest assured, Cao Jin is already being watched by us, and we can arrest him at any time. Now, please talk in detail about the Jiawei Chemical matter."

Ling Yi took a deep breath, her tone grave: "The key operation for Jiawei Chemical lies in the 'radish auction'."

Tang Ye's gaze sharpened: "Does this involve government personnel?"

"That's right." Ling Yi gritted her teeth, "Through Liao Guosheng's connections, we got in touch with Ding Youzhao of the County Court, and together we plotted the Jiawei Chemical auction scheme. The first step: at the critical moment when Jiawei Chemical's loan was about to expire, we lured Jiang Jianming away to another location and designed a lawsuit to entangle him. While he was under arrest and investigation, we initiated the judicial auction procedure on the grounds of loan default."

She paused and continued: "The second step is the key. During the judicial auction process, whenever a buyer inquired, we would throw out an additional condition—the winning bidder must promise to 'continue the production of nano-calcium carbonate products.' This clause directly scared off most potential buyers, and in the end, only the Langfeng Company, controlled by Deyang Finance, participated in the auction and easily took it at the base price. According to the valuation, after acquiring the assets involved in the case for over 100 million yuan, one could mortgage them to the bank to obtain a loan of 230 million yuan!"

Tang Ye and Wan Ming exchanged glances.

A look of shock flashed in both of their eyes.

"How much of a kickback did you give Ding Youzhao?"

"Calculated at 5% of the total auction asset price, we gave him 5.2 million." Ling Yi's voice trembled slightly.

Tang Ye took a deep breath: "Think carefully about other cases. The more detailed your confession, the greater the room for a reduced sentence in the future."

Walking out of the Interrogation Room, Tang Ye said to Wan Ming in a deep voice: "Immediately deploy police forces to arrest Cao Jin and Ding Youzhao. I am going back to the city now to report the case to Secretary Han."

Wan Ming rubbed his temples, looking exhausted: "This case is so convoluted, involving so many enterprises and financial data, it's making my head spin. Economic cases are indeed more grueling than criminal cases; it's all just roundabout tricks."

Tang Ye patted him on the shoulder: "Old Wan, you have to adapt as soon as possible. In the future, there will only be more economic cases like this. The funds involved in this case exceed 100 million; if we can recover the full amount, the Government can recoup huge losses."

Wan Ming looked at Tang Ye in astonishment.

"Over 100 million in funds? These people have an insatiable appetite!"

This is much more meaningful than catching ten thousand petty thieves!

Cao Jin was sitting in his office processing documents.

Suddenly, several law enforcement officers in plain clothes pushed the door open and entered.

The leader showed an arrest warrant, his tone serious: "Cao Jin, because you are suspected of being involved in a related case, you are now required to cooperate with us for investigation."

Cao Jin slowly stood up, walked straight toward the law enforcement officers, and extended his arms with a calm expression.

He knew in his heart that with Ling Yi's psychological defense, she could not withstand the interrogation. In fact, he had already made preparations in advance.

At almost the same moment, inside the County People's Court.

Judge Ding Youzhao was attending a meeting.

The working group from the County Commission for Discipline Inspection had already arrived at the court.

At the meeting site, they announced that they were taking investigative measures against him and escorted him away from the scene.