The Kyoto Bubble Era: It started with selling off hundreds of millions of property

February 12, 1992.

Akatsuki Wada, the former vice president of the head office of Tokyo Daiichi Bank, used his position to collect more than 3 billion yen, sexually assaulted as many as 50 female employees, and was involved in 127 non-performing loans, with a total amount of 10 billion yen.

The Tokyo District Prosecutors' Office, the Osaka District Prosecutor's Office and the Nagoya District Prosecutor's Office worked together to thoroughly investigate a group of financial industry practitioners with interests related to Yamada Akatsuki at lightning speed.

What chills the public is that the president of the head office, Kenji Wada, and dozens of senior executives were also involved in this major financial crime. Tokyo Daiichi Bank, now the largest bank in Japan and hailed by the people as the hope for the future, is basically in ruins.

Only Sosuke Kitahara, who also held the position of special agent, was acquitted after being investigated several times and seemed not to be involved in this dirty matter.

On February 13, Kitahara Sosuke held a grand press conference in the name of Tokyo Daiichi Bank. This was the first time since he became famous that he bowed and apologized in front of the people of the country.

Akatsuki Yamada was his subordinate, and many of the people involved in the case had been favored and promoted by him.

He was not able to recognize people accurately and was labeled as a bad employee by himself.

".I deeply regret and apologize for this. I have submitted a resignation application to the board of directors of the head office the day before yesterday, and hope that the National Assembly and the Ministry of Finance will intervene to thoroughly investigate and rectify Tokyo Daiichi Bank. If necessary, it can be included in the State-owned assets need to be reorganized once.”

Kitahara Sosuke's voice is transmitted to all over the world through television.

Since the merger, Tokyo Daiichi Bank has become the core asset of the Mitsubishi Consortium. If Kunimoto intervenes as he said, the Mitsubishi Consortium will be severely damaged and will not be among the top five consortiums in Japan within thirty years.

As soon as these words came out, the Mitsubishi Group exploded.

Kitahara Sosuke is really cruel!

It’s really life-threatening!

He also has a lot of assets in Tokyo Daiichi Bank, and Kitahara Bank's largest partner is Tokyo Daiichi Bank.

In the eyes of others, what he did was like a strong man cutting off his wrist.

This is the clarion call to launch an attack on the Sumitomo Foundation!

After the press conference, the public's reaction surprised Sumitomo Shigeki.

Most of them support and sympathize with Kitahara Sosuke, feeling that he is also one of the victims, and now he has to take the blame because of his high position and power.

The public's favorable impression of Kitahara Sosuke surprised him, and it also made Sumitomo Shigeki feel uneasy for the first time.

Instigating rebellion against Yamato Akatsuki was a casual move on his part. It was only when he saw an opportunity in the process of instigating rebellion that he took every step to achieve the current situation.

Of course, he had considered the possibility of Yamada Akatsuki being uprooted by Kitahara Sosuke, so he had already perfectly eliminated all traces of his involvement.

This time, even if Yamato Akatsuki fails, Sumitomo Shigeki will not suffer much loss.

But it's different now.

Kitahara Sosuke wants to move the First Bank of Tokyo.

Financial groups usually invest in each other to ensure the stability of their respective interests. Everyone has a share in such a large asset of Tokyo Daiichi Bank. If it is taken over by the national treasury, then the stocks in their hands will be worthless!

So cruel!

Kitahara Sosuke, who just walked out of the press conference, looked solemn, but he was happy in his heart.

Although the process was somewhat tortuous, the final result was still developing in the direction he expected.

After this battle, Tokyo Daiichi Bank will be in ruins, and the biggest link in his future plan is expected.

"Please stay, Mr. Kitahara." A beautiful girl walked over quickly, holding a microphone in her hand.

"What's the matter?" Kitahara Sosuke looked back at her with a smile.

When the girl saw that Kitahara Sosuke was really staying, she was overjoyed and held the microphone at a loss. She didn't know what to ask.

Seeing the girl's embarrassment and nervousness, Kitahara Sosuke smiled gently: "Don't worry, what do you want to ask?"

"Hello, Mr. Kitahara, I am a reporter from the Tokyo Daily. I just listened to your press conference and I have a question to ask you."

"Please say."

"You just said that you would support the Ministry of Finance to conduct a thorough investigation of Tokyo Daiichi Bank and agree with the government to incorporate it into the national treasury. In your opinion, is it the best way for financial institutions in major financial crises to be state-owned?"

"That's right. We are currently in a serious bubble crisis. The sluggish stock and housing market has made people lose confidence in consumption and investment. The national savings rate has reached an all-time high. Everyone's money is placed in trustworthy banks. But if If these banks fail, the financial disaster that may erupt will be far greater than the previous bubble economy."

"I am also the president of Kitahara Bank, and I am deeply aware of the panic of the people. Before this, many banks went bankrupt due to runs. I don't want this to happen to Tokyo Daiichi Bank. After all, it is the capital of my youth. The best memory of the period is that I rose to prominence here step by step and reached this point.”

"Tokyo Daiichi Bank is really a very dynamic bank. It should not fail because of greedy people."

"So, here, I would like to reiterate that if the country wants to investigate Tokyo Daiichi Bank, I will fully support it. Not only Tokyo Daiichi, but also major banks such as Kitahara, Sumitomo, and UFJ should also undergo detailed investigation and rectification .”

"This is our people's last line of defense and must not collapse."

“The last line of defense for bullshit!!!”

Sumitomo Shigeki, who was watching TV, was so angry that he smashed the tea cup in his hand!

This Kitahara Sosuke really dares to say it, he really opens his mouth and comes!

What do you mean by supporting the state’s investigation of major banks such as Kitahara and Sumitomo?

Isn’t it clear to him that everyone’s bottoms are not clean?

Sumitomo Shigeki calmed down and began to pace around the house.

Kitahara Sosuke's behavior was too abnormal.

Before, he clearly did not dare to confront him head-on in the domestic financial industry.

If you are going to start a war, you should not choose to run away in the first battle.

Attacking now, Sumitomo Shigeki really can't understand what he can get?

Sumitomo Bank has already taken a step ahead in its major expansion in the past few months. It is too late to take action now.

Kitahara Sosuke will not do anything meaningless.

Sumitomo Shigeki is sure of this.

As for what he said about letting the state investigate the bank, Sumitomo Shigeki dismissed it as a fart.

What a joke.

Even if the current Prime Minister and Cabinet are from his side, they can't play like this.

How can any plutocratic landlord encourage government agencies to crack down on them?

Look at the peninsula next door. When we agreed to join forces with the government, we lured the wolf into the house. We were exploited for a lot of money, and we had to pay protection money to protect ourselves.

If you don’t want to do it, the grass on your grave will be very tall now.

"So, there must be a reason why his goal suddenly became domestic finance, but no matter what it is, I won't let you succeed."

"Give me the word. Anyone who dares to investigate Sumitomo will be prepared to offend all financial groups!"

He dialed his secretary's number.