LIGHTNOVELONLINE Vol. 1 Chapter 111: Audit
Under Ferdinand's strict orders, no one in Bulgaria has dared to disobey. All government ministries are fully cooperating, and the cabinet is keeping a close eye on it, just waiting for someone to fall in.
It would be best if you did not think that only Ferdinand is thinking about this group of worms, the fact that the cabinet government led by Konstantin has long been eyeing them, except that the implication is too large, it is not suitable for a while.
Who asked the government to have no money now? Although the issuance of many treasury bonds can solve the urgent needs, but the funding gap in 1896 has not been solved yet?
Anyway, once the treasury bonds are issued this time, don't expect to be reissued for several years. Bulgaria's bottom is thin, private capital is limited, and being able to take in the first 50 million is already a sign of support for the government.
Since the fall of the Stambolov government, the government has reaped many assets, and everyone has lived a few years of comfort. Now government officials are having a hard time going through the motions, and fighting corruption seems to be a good choice with no money!
With Ferdinand's support, the anti-corruption bureau breaks out with full combat power, the executives of the National Bank are invited to tea one by one, and those in the government are then linked to a group of officials.
Human nature of the world is all prevalent everywhere in the world. National banks are no exception. Good benefits, high treatment, easy work, and not being tired are perfect places to mess around.
However, it is not good to inspect. Once the inspection began to surprise them, everywhere was full of connections from top to bottom, inside and outside.
If this is all, it is not worth it to make Boris difficult. Anyway, this is the government's trouble, and he has nothing to do. But the question is that the gang of relatives is not frugal in eating, drinking, whoring, and gambling, so it is natural to reach out to the bank.
There is no doubt that this time, all of them were taken by Boris in his head, and the network involved behind it gave him a headache. It involves various ministries in Bulgaria, including the Anti-Corruption Bureau. The size of the cadres can add up to a battalion. How does he deal with these people?
"Chief, we should report it, the top will handle it! These people who are involved in the problem is neither big nor small, it is not easy to reach a verdict!" A smart boy gave Boris an idea.
Boris said helplessly: "You think I have not thought about it? This problem is a headache for anyone to deal with it. There are so many involved now. How many more are behind it? If they all the big problem, that is easy to do directly arrested the thing!
But you and I both know that most of them are minor and trivial matters, and at this standard, it is likely that the government buildings will soon be empty!
Forget it. It's better to report it!"
...
After listening to Boris's report, Ferdinand was not angry. On the contrary, he was also delighted. He thought that this time there would be one more arrest, but he did not expect the officials in the government. The moral has increased. In fact, there are few messy hands.
The trivial matters, Ferdinand did not have trouble with it. No one is perfect. He is not a fault-finding person!
In contrast, Ferdinand was more concerned about how much revenue could be made this time. Looking at Boris, he asked indifferently, "How many people are involved in the case and what is the total amount of stolen money seized?"
When he saw that Ferdinand was not angry, Boris also relaxed. He said, "Your Highness, all the staff of the Bulgarian National Bank are involved, including those who have left, with a total of three hundred and eighty-six people, and the total amount involved is up to 35.45 million Leva.
A series of criminal means including direct float money, fabricated name, letting relatives and friends with airspace credits, illegal lending, and even using bank funds to put usury outside for personal gain, and so on!!!"
Hearing Boris' statement, Ferdinand became more interested and asked with concern, "How much damage can be recovered if full recovery is made?"
Boris thought for a moment and said: "Your Highness, it is impossible to estimate this for a short time! Some of them have spent and squandered it directly; some of them have used the private profits they made to make new investments into the business, having losses and profits, and according to the new anti-corruption bill, all of these are within the scope of recovery and the value is difficult to calculate!"
Ferdinand nodded in satisfaction. The more difficult it is to estimate means that the broader the scope involved, also means the larger the amount. He was somewhat impressed by his own wit in revising the scope of the recovery against corruption in advance.
According to the new rules, all the property is directly counted as illegal income as long as it is corruption. In other words, if one person embezzles, all of the family's assets will be recovered and confiscated by the government, along with the investment income.
Ferdinand thought about it and said, "Take the list of other officials with lesser circumstances and give it to the cabinet, let them deal with the mess! Also announce to the public that the National Bank is completely shut down and restructured, and inspect all the loans to see how many bad and doubtful debts there are!!!"
Boris really wanted to say that these are not my work. His political level has improved a lot after being in the government for a long time. Since Ferdinand had spoken, he wisely did not raise objections. The big deal is that when other ministries deal with it, he went over to supervise it well, and it is considered to have completed the task!
Ferdinand did not care what Boris thought. It was on purpose. The officials will naturally be more efficient with someone to keep an eye on.
...
On the other hand, Prime Minister Konstantin's feeling was not good, and after receiving the list, he had a headache.
"Damn why are so many people involved?"
In order to have a complete response to the problem, Boris submitted all of them as long as they were related, in the same principle of not letting go if there is a mistake. Now all ministries in Sofia, almost half of the officials are on the list.
"Chekhov, my friend, what do you think is the best way to handle this?"
After thinking about it, Chekhov said blandly: "Konstantin, you worry too much. Boris is showing us his displeasure!
Look at this man named Jael, who has had several dinners with executives of national banks. It can be the other side's treat, right! What kind of a problem is that?
At most, it is a matter of personal morality, the dinner place chosen in the nightclub! If there was any kind of deal, I guess they would have caught them long ago. Why would we react to the problem!"
Konstantin pondered for a while and said, "Yeah, that seems right! If all these 700 or 800 people are involved, we don't have to do it, they can just resign and forget about it!"
"But these people shouldn't be indulged, let's publish criticism within the government! All of them will then have a return to education, and then organize an examination, and if they fail, they should be sent out directly!!!"
In a few words, Konstantin decided the future of this group of unlucky people. As for how much of the list provided by Boris is false, it is out of his hands, and he has no interest in pursuing it!
The storm of the Bulgarian Bank, which lasted until the end of 1894, mainly involved auditing the property.
Since Ferdinand's succession is the second-largest corruption case, involving more than 300 people, all sentenced to heavy sentences, at least ten years or more years, and more than a group of forced labor at the mines.
The audit revealed a total of more than 53 million Leva in bad and doubtful debts, so one can say that the Bulgarian National Bank has been emptied, and if it were a private bank, it could now be declared bankrupt!
Luckily, this group of worms is not all just a bunch of pub hangers. Many of them still have good financial management skills, and their families are well off, which allows the government to make up for the losses.
In theory, the seized assets totaled 98 million Leva, but in reality, many of them became shares in factories or were turned into fixed assets such as farms, and the cash was less than 10 million Leva.
At first, that ruined Ferdinand's attempt to solve the financial crisis by fighting corruption.