Chapter 28 Battle for Funds

There is another important front in "Operation Hurricane" - the temporary freezing of the bank accounts of the companies involved. After the working group was stationed in Chaoshan, when investigating the bank capital transactions of illegal enterprises, it was discovered that the undercurrent of funds was suddenly swept up, a large amount of stolen money was quickly transferred, and some banks violated regulations and allowed private individuals to withdraw large amounts of cash. Seeing the funds flowing out like a tide, Lu Hua was extremely anxious.If this continues, all illegal funds will be withdrawn or transferred away, the country will suffer huge losses, and the anti-fraud operation will be affected.To prevent funds from being withdrawn or transferred, it is necessary to temporarily freeze the accounts of the companies involved in the two cities.However, the scale of the enterprises involved is so large. If there is a negative impact, who will bear the responsibility?

After some planning, a two-dimensional solution was developed that not only ensures that national property will not be lost, but also protects the interests of law-abiding enterprises.If a company whose account has been frozen can prove that it operates legally, it can go to the working group to apply for the cancellation of the freeze.The working group will complete the unfreezing procedures for the applicant within 24 hours. This is a major event with no precedent in the past.The relevant leaders of the working group immediately met with the main leaders of Shantou and Jieyang, and discussed the plan to freeze the accounts of the companies involved in the two cities.The leaders of the two cities expressed their support for the approach of the working group.

The working group requires the banks to actively cooperate and put forward specific requirements: 1. Each bank appoints a president and a liaison officer to be responsible for the work of the State Council's work group on cracking down on fraudulently obtaining export tax rebates; 2. At this stage, the working group can Enter each bank and its affiliated business outlets to check accounts, inquire, and copy relevant materials; 3. The working group freezes the accounts of the enterprises involved in the case according to law, and all banks should implement it immediately, and no decision made by the working group cannot be unfrozen; Accounting supervisors and accounting file management personnel are on business trips; 5. When necessary, the bank provides vehicles and personnel to assist the working group in carrying out the work; 6. Strictly do a good job in confidentiality.

The morning before "Operation Hurricane", Wu Baodong, director of the People's Bank of China who was stationed in the working group, and the financial team leader of the working group in charge of the two cities of Chaopu received the tasks assigned to them by Ma Sen.Faced with coming up with a feasible plan in such a short period of time and freezing the accounts of so many companies within a day, the specific operators suddenly felt a heavy burden on their shoulders.Wu Pin, head of Chaoyang Financial Group, recalled: The job of our financial team is to freeze thousands of bank accounts of more than 400 companies within a day.With such a large workload, so many financial institutions, and the scattered bank outlets for enterprises to open accounts, my head almost exploded with a "buzz" when I heard Director Mason's words.

Director Ma said, I will give you half a day to prepare the action plan, and in the afternoon you have to submit the plan for study and approval. The military order fell like a mountain, and there was no room for negotiation. At this time, Chief Ma was a "black-faced Baogong", and he was no longer as amiable as before. I didn't even eat lunch until 3 p.m. when we came up with a draft work plan. After further revisions, the plan was approved by leaders at all levels of the working group.Then, I talked on the phone with the governors of the People's Banks of the two cities, conveyed the decision of the working group, and asked them to call relevant personnel to hold a meeting at the designated place at 9:00 tomorrow morning to deploy the work related to "807".

At less than 8:30 am on September 4, we rushed to the People's Bank of Chaoyang City.We met with the president, and I first talked with him about the main content and work requirements of the meeting, and he said that he would resolutely implement the "807" action decision. Before 9 o'clock, the heads of 9 banks including Bank of China, ICBC, Agricultural Bank of China, China Construction Bank, Bank of Communications, Guangdong Development Bank, Agricultural Development Bank, Rural Credit Cooperatives and the People's Bank of China were all present.Director Wu Baodong of the People's Bank of China and I, on behalf of the working group, mobilized and arranged for the freezing of the accounts of the companies involved.

After an hour-long meeting, the action to freeze the funds of the companies involved in the case started like a whirlwind in the two cities. Each bank immediately set up a working group with 3 to 5 people to fully cooperate with the work of the "807" financial group. By 10:00 pm on September 4, with the strong support of various banks, the working group had seized a total of 1,148 corporate bank accounts and frozen funds of more than 23 million yuan.The action of freezing the accounts of the enterprises involved in the case has achieved initial success.