He Wan'er listened carefully, but she was not very familiar with the specific operation of construction projects, and she really couldn't understand Bai Tinghai's words.

Seeing her serious but confused expression, Bai Tinghai no longer detoured and went straight to the point: "According to statistics, Tongcheng Road and Bridge has advanced nearly 2 billion yuan in the early stage, but it has almost not been loaned through banks, nor has it required ** to come forward to coordinate with financial institutions, but to use the road of financing other private enterprises. They did not want low-interest loans from banks, and relied on paying high interest rates to borrow funds from private enterprises one after another, so it attracted the attention of the city's economic investigation department. ”

He Guaner didn't understand too much why the economic investigation department noticed a construction company because of this, and couldn't help asking: "Isn't it good for enterprises to solve financing problems by themselves? ”

Participate in the huge investment in municipal engineering construction, often hundreds of millions of billions, so basically no enterprise can use its own funds to solve the problem of capital advances, most of them rely on the best to come forward to find bank loans.

On the inner ring renovation project, the two bids for the construction of Tongcheng Road and Bridge require up to billions of upfront investment, but it seems a bit silly to borrow from private enterprises instead of issuing bank loans to solve the main financial pressure according to common sense.

However, this is not a big problem, maybe some people don't like the cumbersome procedures of bank loans, besides, the words "bank loans" have also killed many enterprises.

The local tyrants are rich and capricious, and they can only rely on "the lord's happiness" to do things, and pay high interest in exchange for not having to ask grandpa to sue grandma and be controlled by others, and there is no big problem.

Thinking of this, He Wan'er quoted a famous saying: "No matter whether it is a black cat or a white cat, it is a good cat if it catches a mouse." ”

Bai Tinghai disagreed with her opinion and further explained: "Four billion yuan is just an abstract number here, but this figure is equivalent to the fiscal revenue of a prefecture-level city for half a year. Although Tongcheng Road and Bridge is a listed company, the total market value is only 500 million, and the difficulty of not relying on bank loans to solve these funds can be imagined.

What's more, the annual interest paid by Tongcheng Road and Bridge this time ranges from 18% to 24%, which is higher than the industry practice, and basically offsets the profits brought by the inner ring road reconstruction project to the company, which is still based on the premise that the owner pays the project on time. If the project audit is delayed for one or two years, and the payment for the project is delayed for another year or two, the possibility that the company's capital chain will be broken is not impossible. ”

He Wan'er was a little confused, but he still grasped the key - Bai Tinghai meant that even if the project was successfully completed, the profits and financing interest would cancel each other, and maybe it would even affect the company's operation.

Bai Tinghai gave He Wan'er half a minute to digest the message just now, and then asked again: "It is the nature of businessmen to pursue profits, do you think that there are really private enterprises that are so high-profile and take huge risks to support the government to build infrastructure for free? Could it be that there are actually other plans?"

He Wan'er's eyelids jumped, a thought flashed in his mind, and he stood up and exclaimed: "Could it be that the economic investigation team is suspecting that Tongcheng Road and Bridge is using PPP projects to illegally raise funds in the name of Gyeongju's number one project?"

The so-called PPP is Public-P

ivate Pa

t

e

The abbreviation of SHIP, that is, ** and social capital cooperation, is a common project operation mode in public infrastructure in recent years.

Under the PPP model, private enterprises and private capital cooperate with the government to participate in the construction of public infrastructure, which can reduce the financial pressure on the construction of the project.

The usual mode to solve the financing pressure under the PPP model is to reach a direct agreement with the financial institution that provides the loan, so that the company involved in the construction can obtain the loan from the financial institution relatively smoothly.

From the perspective of the inner ring road reconstruction project, Tongcheng Road and Bridge won the bid for two sections, but did not solve the problem of construction funds through bank loans, but did not take the ordinary road to find other enterprises for financing, such an act is indeed suspected of fraud, and there are many "successful" examples.

For example, in the famous "Pakistan Railway No. 1" incident, a company raised funds from the public in the name of the local ** proposed Pakistan Railway "PPP" project, and many people were deceived into investing money, and some people were even deceived into millions of dollars.

This is only one of the most influential cases, and there are many companies with ulterior motives that deliberately misinterpret PPP as "a P stands for **, a P stands for an enterprise, and a P stands for an individual", saying that this is a new model in which the state issues projects, enterprises operate, and ordinary people participate in investment and benefit.

If Tongcheng Road and Bridge has this heart, then once the criminals feel that they have earned enough money and run away, the No. 1 municipal project of the inner ring transformation will become a mess, and then the leaders and leaders related to this matter will have to take off a layer of skin.

Bai Tinghai did not directly answer He Waner's question, and changed his words: "The illegal fundraising you mentioned is certainly one of the possibilities, and there is a greater possibility, that is, money laundering. ”

"Money laundering?" He Wan'er's breathing was a little chaotic, and his heart was beating faster, "What is the predicate crime?"

"If the police can find out, what else is it called money laundering?" Bai Tinghai said, raising his finger and pointing to the signature of Party C of the contract, "This Mo Chunshan, who single-handedly said that dozens of private enterprises used their own funds to support the construction of municipal projects, and the high interest paid was not simple, and it made people unable to guess what he wanted to do, not to mention——"

Bai Tinghai stretched his voice, looked back at He Guan'er, and said word by word: "Now the police have also received an anonymous letter, according to the letter report, Mo Chunshan is Zhuo Anran." ”

From the golden Quling River at sunset to the dim study at this time, almost four hours have passed.

He Guan'er endured the three words that he hadn't asked, and finally came out of Bai Tinghai.

"Zhuo Anran......" She pronounced the name a few times, and then remembered the other one she had just heard - Mo Chunshan.

Mo Chunshan?

He Wan'er frowned involuntarily.

Compared with the name she had been searching for for eleven years without success, the three words Mo Chunshan made her feel familiar, but she couldn't remember where she had seen or heard it.

And when all the information about Zhuo Anran in his memory was combined with the name Mo Chunshan, something seemed to flash through his mind.

She desperately wanted to grasp that little bit of inspiration, but at that moment, a sound like a crack in the glass sounded in her ears.

The voice was subtle, but it seemed to come from the depths of my head, and it was unusually clear.

He Wan'er wanted to find the source of the sound in a trance, but when he looked up, he found that there was no glass around him. However, the voice in my head was still gradually expanding, not like glass shattering, but like the movement of cracking the ice surface, from near to far, endlessly.

She was inexplicably irritable, and shook her head to try to drive the sound out of her ears, but not only did it have no effect, but the sound quickly amplified many times, and after a few seconds, it became a piece of heaven and earth.

He Wan'er was a little panicked, and the sight in front of him gradually became nothing, and his body seemed to float.

Instinctively, she closed her eyes, feeling helpless like an island, and the fear in her heart grew until a pain came from her arm.

"What's wrong with you, what's wrong with you? Calm down, listen to me first, okay?"

Someone's voice in his ears gradually became clearer, from far to near, more and more real.

He Wan'er opened his eyes and saw Bai Tinghai's anxiously worried face.

She gasped for breath and sat down on the nearby sofa, finally feeling the real ground under her feet, and the palpitating noise and empty sense of nothingness gradually disappeared.

Bai Tinghai had already turned on the ceiling light in the study, and it was bright all around.

He kept asking anxiously: "Wan'er, your face is very bad, your forehead is full of sweat, and you almost fell down just now." What's wrong with you?"

He Wan'er's breathing gradually smoothed out, he raised his head and smiled reluctantly, his voice trembling slightly: "Maybe I'm too excited, Teacher Bai, is what you said true?"

Bai Tinghai looked at her steadily, let out a long breath, and then picked up the teacup on the table and stuffed it into her hand: "You drink some hot tea, and then speak steadily." ”

He Wan'er obediently nestled into the sofa and drank half a cup of jujube tea in small sips until his body no longer trembled.

"Money laundering is naturally to launder the shady money, as for why it needs to be laundered, of course, it is because the money comes from the wrong way. ”

After a few minutes, Bai Tinghai said slowly.

He Guaner settled down, and then followed his topic: "For example, corruption, such as bribery, smuggling, opening casinos, etc., and suspected drug trafficking and drug production are also a huge source of black money." ”

Speaking of the last charge, her eyes lit up: "Teacher, can you let the police investigate whether Mo Chunshan is involved in drugs?"

Judging from the information she has mastered, if Mo Chunshan is really that person, he should not be able to avoid the word "drug".

If there is a result, there may be an answer to the matter that was pending eleven years ago.

He Wan'er looked at Bai Tinghai expectantly, nervously waiting for an answer, but unexpectedly, Bai Tinghai had a tense face and remained silent.

In the huge study, only the solo cello of the Mave Dame flowed, and the music was melodious, but it could not soothe the emotions that were gradually becoming restless under her seemingly calm appearance.

After a long time, Bai Tinghai rubbed his brows, a little embarrassed: "Guan'er, you also think too highly of you Teacher Bai, there is no evidence, how can the police investigate the largest shareholder of a listed company if I say a word?"

Besides, Mo Chunshan still has the status of a member of the CPPCC, and even the investigation and filing of the case must be reported and approved, so everything must be cautious. At present, it seems that even if the financing channels are not conventional, they do not meet the criteria for filing a case, let alone what you want to know. ”