Novel Bin Chapter 172: <Richest of them all>
Chapter 172: <Richest of them all>
Japanese Financial Service Agency.
After getting a call from Nomura Finances, Director Watabe Shota poured over the future market records from early to mid-March. As Sato Ichi suggested, a strange order was made at the beginning of March.
There was no other explanation for this other than a huge unknown force in works.
Shota started investigating to unravel where the purchase was made. Using his authority as a member of the Japanese Financial Service Agency, he managed to track it back to Right Capital from US.
The profit appeared to be over a billion dollars.
The positions this hedge fund took were incredible. It was as if someone knew the future.
18 billion dollars were made in less than 2 weeks.
Over a billion dollars a day…
“How?”
Who was behind this?
How could someone know a tsunami was coming and it would affect the nuclear plant?
Further investigation was necessary. Watabe Shota made a quick call.
***
Japan’s National Integrity Index was 8.1.
It was much higher than Korea, but it didn’t mean the Japanese government was completely free of corruption.
Garo Yukimura.
The Chief Financial Officer laughed, “Hahaha, I can’t keep up with you, sir.”
“Not at all. I learned a lot from you today.”
“Haha, I don’t want to keep you for too long. Let’s get to the business.”
Woosung took out an envelope and replied, “Please have a look at this first.”
Yukimura read over the report silently. As he continued to read, he turned serious. His smile disappeared and his face hardened. He exclaimed a few times as well.
Woosung watched and explained, “It is a report on Dobashita’s corrupt ways. Dobashita used split accounting to hide its huge losses. Briberies were made among many high-ranking officials too.”
“Hmm… Where did you get these…?”
“I don’t seek this kind of information out. They usually come to me. As you know, I run a huge corporation and many interested parties offer me information.”
“Hmm…”
“If this becomes public, Dobashita’s stock price will plummet. The company will be in a huge trouble. I came to you first because I wanted to give you a chance to make it right before it happens.”
“You are interested in Nand flash memory?”
“Yes. If your agency approves this deal and gives me this company, I promise to keep 100% of the current employees and invest in building factories in Japan.”
Knock knock.
Someone knocked on the door.
“Sir, it’s Watabe Shota.”
“You may come in.”
Yukimura introduced Shota to Woosung, “Say hello. This is Right Capital’s CEO Kang Woosung. You have heard of him, right?”
Shota swallowed hard. His current cellphone was Blue S. He cheered for Red Angels during the disaster relief effort. Everyone knew who Kang Woosung was.
“Oh… This is…”
“Have a look at this.”
Yukimura handed him the report. After examining it, Shota paled. It was the same reaction as Yukimura’s.
“This…”
“You need to closely examine it.”
Shota asked hesitantly, “Then what about the case on Right Capital…”
Woosung answered instead of Yukimura, “Did you find anything from your investigation?”
“No, but…”
“Do you think if you continue, you will find something on me?”
This didn’t seem like the case. Shota couldn’t answer.
Woosung continued quickly, “It was Sato Ichiro from Nomura Finances who reported this, right?”
Shota nodded.
Woosung grinned and continued, “You will soon get a call that he made a mistake. Please have a good look at that report. It is very important.”
At Woosung’s emphasis, Shota’s eyes widened.
Woosung added, “Very important. If this doesn’t work out, it could cause a lot of problems.”
Shota had to nod. Afterwards, Woosung called for the waitress.
“Do you have what I asked?”
Quickly, a table was brought in. On it was a beautiful naked woman with fresh sushi arranged on her body.
Nyotaimori.
Shota’s eyes widened again in surprise.
“I have ordered some great drinks as well. Let’s enjoy!”
***
After a few days.
The news on Dobashita was released, but Japan was still grieving from the recent disaster. The news did not receive much interest from the public.
However, the corrupt ways of the executives were still criticized harshly. The stock price declined. The company didn’t know what to do with the current situation.
Woosung visited the office.
“Did you make a decision?”
He didn’t have to explain. He just placed a document on the table.
“Open it.”
The executives swallowed and examined the document.
“Fukushima nuclear parts delivery company list.”
“Dobashita.”
The executives’ eyes widened.
“Currently, Dobashita is abusing the recent disaster in Japan to make a profit. In addition, it is now suspected that the nuclear plant was built without necessary safety precautions for a possible earthquake, which is always a strong possibility in Japan.”
If this report reached the media… The company would be destroyed.
“I thought about taking this report NHK, but I decided to come to you first.”
“Do you think you can blackmail us?”
“It’s not a threat. It’s the truth. Besides, I am now a major shareholder of Dobashita. You can’t be rude to me like this.”
“…”
The room silenced.
Woosung murmured, “No wonder your company is failing. Do you treat all your major shareholders like this?”
Dobashita’s CEO Yamashi Daichi finally replied, “How much are you offering?”
“10 billion dollars. I think it’s a fair offer.”
“I assume you have all the necessary paperwork done? Did you get the approval from the Japanese Financial Service Agency?”
Woosung grinned, “Of course.”
Daichi looked devastated. There was no other option.
“Alright…”
***
“ANIX CEO takes over the Japanese Doshibata.”
“ANIX will largely benefit from Nand flash.”
“Kang Woosung does it again!”
Woosung was becoming even more popular in Korea. He became the most beloved businessman in Korea.
Another news quickly developed.
[Daenam Construction Yongsan project confirmed.]
“Daenam Construction announced the beginning of both Pangyo and Yongsan projects.”
“Coconut’s newest AI technology will be incorporated into the Yongsan project to build smart homes and offices.”
It was the era of Kang Woosung.