Reborn American Giants
Chapter 79 Misappropriation
Due to the civil war in El Salvador, many farmers and plantation workers were forced to stay away from their homes in the original main mountain coffee-producing areas in the east and north, resulting in a large-scale reduction in the production of coffee and other export products.
From the original annual export of 3.5 million bags before the war, it has dropped to less than 2 million bags now. The yield per hectare has dropped from 1,200 kilograms to less than 900 kilograms per hectare today.
At the same time, the government imposed additional "special tariffs" on export products such as coffee, which also made plantation owners reluctant to plant coffee trees, causing output to further shrink.
However, coffee production in El Salvador has decreased, but market demand still exists. And it is precisely because of the reduction in coffee production caused by the civil war that the price of mountain coffee has skyrocketed in the international market.
El Salvador's alpine coffee is listed as a producer of Asamaldo coffee along with Mexico and Guatemala.
Compared with other types of coffee, El Salvador alpine coffee is light, aromatic, pure, slightly sour, and has an excellent balance of flavor characteristics. It is a specialty of Central America. It has taste characteristics of sour, bitter, and sweet, and is very popular in European and American countries.
.
And this also allowed Juan and his gang to see an opportunity to make a fortune.
These people are interested in the right to sell El Salvador's mountain coffee to the United States, but the power they usually rely on, which comes from their fathers, has no effect on such a major matter.
To achieve this goal, you have to spend real money. And this is where Maduro is in trouble.
They did not have enough financial resources to obtain the right to sell coffee from the government, so they turned to Maduro, hoping to obtain the right to sell El Salvador coffee to the United States by embezzling funds from the Catholic Charities Foundation.
funds.
If Juan and the others were just doing some short-selling of companies and getting some loans as usual, Maduro would just turn a blind eye and fool him for the sake of their fathers.
never mind.
But now this group of people's appetite has suddenly become extremely big, and they have the idea of misappropriating the church's charitable funds deposited in the central bank. This approach has endangered Maduro himself.
The general approach they are preparing is to use the power held by Maduro to directly and crudely misappropriate up to 50 million U.S. dollars of charitable funds deposited by the Catholic Charities Foundation in the Central Bank of El Salvador.
Then use this to bid for the El Salvadoran Ministry of Commerce’s coffee sales rights to the United States in the second half of this year.
After obtaining the right to sell, they put it under the name of a trading company, used the guarantee money as fixed assets and investment projects as collateral, and applied for a loan from the central bank again.
Finally, the loan applied for will be invested in foreign trade plans, acquisition funds, and other expenses.
With the expansion of trade, especially the acquisition of profits, both Juan and his gang, as well as the central bank, can benefit from it, and everyone is happy.
As for the issue of misappropriated church funds, with the healthy development of the trading company, Juan assured Maduro that as long as the trade makes a profit, it will be returned as soon as possible.
Judging from this series of processes, except for the funding issue of bidding for sales rights to the Ministry of Commerce in the first step, the other methods are legal. The trading company uses the sales rights as collateral to apply for a loan from the central bank, and obtains profit returns from sales to the United States.
Loans and misappropriated funds.
All of this, except for the funding problem in the first step, is hard to find fault with. However, it is precisely because of the funding problem in the first step that Juan has come to Maduro’s office for the third time.
.
"How have you considered that thing I mentioned?" Juan crossed one leg and slid one hand on the stockinged thigh of the beautiful woman wearing a bank uniform, "I know there are some things that will be difficult for you to do.
, but you will see our sincerity.”
Hearing the sincerity, Maduro's eyelids jumped. He calmly asked the female employee who brought the coffee to go out first, took off his coat and put it on the back of the chair. Then he pulled out the office chair and sat down.
Arrived opposite Juan.
In the past few times, he helped Juan and others close the loopholes in their loans. Anyway, with his presence as the top leader of the central bank, he could just draw a few strokes on the accounts. And Juan and others were very sensible and provided him with the loan.
Part of the red envelope.
But he didn't help Juan just for this little money.
This group of second-generation ancestors may not be able to do big things in other areas, but when it comes to destructive capabilities, they are definitely good at it.
Maduro just hopes to use these small help in exchange for people like Juan not to cause trouble in certain matters. Moreover, corruption is almost an open reality in El Salvador today. Maduro does not mind that one day in the future,
This "help" is discounted.
But now that he heard the word "sincerity" again, he felt extremely painful.
"This has nothing to do with sincerity," Maduro curled his lips. "The church does have a charitable fund stored in the central bank, and it has not been used for a long time.
But Juan, you have to understand that even though I am the leader, I cannot do things as I please.
Maybe you are not familiar with the internal operations of the central bank, but I can tell you that this matter will definitely be discovered.
And as long as someone discovers that we have misappropriated the church's charity funds, they will be traced to me immediately. This method is unacceptable to me."
Maduro took a sip of his coffee and glanced at Juan, who looked unhappy after hearing his words. He put down the cup and continued: "If you need a loan like before, I can guarantee this, anytime and anywhere.
Everything is fine, I can even approve it now, but the idea of a church fund, please forgive me... I can't do anything about it."
Juan lowered his head, reached out and pinched the edge of the coffee cup and rubbed it carefully, as if he had not heard Maduro's explanation.
Maduro looked at the silent Juan and couldn't help but curse in his heart. He had already agreed to lend him another loan. He didn't even ask him to make up any more reasons. He could just take the money and leave now.
What else is he dissatisfied with?
The current situation is that a large number of people live on the streets just to fill their stomachs all day long.
When he first started working, his dream was to be the head of a small department in about three years, with a little power and enough food and clothing.
And people like Juan have been ahead of most people since they were born.
But they are not satisfied yet, and are still trying every means to gain profits.
"Governor Maduro, I don't understand what you have to worry about. This fund is just sitting there, and it won't generate any benefits. It's better to give it to us for emergency help," Juan looked at Ma
With a look on his face, Douro continued: "Brother, I won't make it difficult for you. I have also consulted some banking experts on this matter.
Didn’t the government just recently pass a decision to “strengthen the review of financial institutions”?
You can completely conduct an inventory of this church charity fund under the pretext of verifying the safety of funds.
According to the decision, the maximum review period can be about sixty days..."
"You mean..." Maduro was a little moved.
"Yes, that's what I mean. Sixty days is two months." Juan stood up and walked to Maduro's side. He smiled and reached out and patted his shoulder gently, "I think,
In order to ensure the safety of church funds, the central bank can postpone this review for another thirty days.
This time is enough for us to turn around, and when the review is over, hey, our operation is also over."
"Let me think about it..."
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