A bill fraud case of 65.438+0.3 billion yuan plunged Zhengzhou Huaxin Sub-branch of ICBC into a full-scale crisis, and also exposed the potential risks of the rapid growth of bill business.
A bill fraud case with an amount as high as10.30 billion yuan has plunged ICBC's bill business center, Zhengzhou Huaxin Sub-branch, Henan Province into an unprecedented crisis.
According to the insider's report to Caijing, seven people in Huaxin Sub-branch were investigated by the police on June 1 1 day. The day before, after work on June 365438+1October 3 1, ICBC Henan Branch called a meeting of all 94 employees of Huaxin Sub-branch and announced that all 39 employees had retired. Next, it is "very possible" for Huaxin Sub-branch to merge into the business department of Henan Branch of ICBC.
It is reported that there were as many as 4 1 person in the inspection team of Henan Branch of ICBC on September 29th, including Luoyang and Zhoukou branches 12 people, forming three groups of accounting, fund and audit, with the fund group as the focus of the review. Another seven people came directly from the head office of ICBC.
It all started in Zhuhai, Guangdong Province at the end of September. The president of Lijing Sub-branch of Zhuhai Branch of China Construction Bank surrendered himself to the police.
A few days later, in Zhengzhou City, Henan Province, thousands of miles away, Zhengzhou Central Sub-branch of the People's Bank of China called a meeting of banks to inform Huaxin Sub-branch directly under the Industrial and Commercial Bank of China Henan Branch of the fraud case. Around this time, Zhuhai and Zhengzhou police launched a judicial investigation.
Unlike most previous bill fraud cases, both parties in this case are branches of the largest commercial bank in China, and the amount involved is rare. This case has attracted the attention of the competent department of the People's Bank of China and the Henan provincial government.
Connecting two financial institutions thousands of miles apart are two commercial acceptance bills with the amount of 50 million yuan and 80 million yuan respectively.
-The enterprise issues two commercial acceptance bills with an amount of 50 million yuan and 80 million yuan respectively, with an interval of 6 days; The so-called commercial acceptance bill refers to the bill issued by the payer or the payee, accepted by the payer, and unconditionally paid a certain amount to the payee or the holder on the specified date.
-Lijing Sub-branch of Zhuhai Branch of China Construction Bank discounts the two commercial acceptance bills of the enterprise, that is, after deducting a certain fee according to the discount rate, it pays them to the enterprise according to the par value; However, according to several local bankers in Zhengzhou, Caijing told Caijing that CCB Lijing Sub-branch did not actually distribute funds to enterprises, and the president of CCB Lijing Sub-branch participated in the crime, which caused the illusion that the discount had been completed.
—— At the beginning of April this year, Lijing Sub-branch of CCB forwarded these two commercial acceptance bills to Huaxin Sub-branch of ICBC. After deducting the discount interest, CCB Lijing Sub-branch obtained about 654.38+0.3 billion yuan from ICBC Huaxin Sub-branch, and promised to buy back the bills from ICBC Huaxin Sub-branch after they expired in August.
—— In August and September, the Lijing Sub-branch of CCB did not buy back the bills, so the case was committed.
A person from CCB Zhuhai Branch told the reporter that the police initially judged that "the president of Lijing Sub-branch personally participated in financial fraud" and "had little to do with CCB itself". He said that the president of the branch used an illegal account and a private official seal, Zhuhai Branch did not entrust the authority to handle cash transfer and bill repurchase business to any subordinate branch, and the transactions of these two bills were not reflected in CCB's books.
According to people familiar with the investigation, Caijing revealed that this was a financial fraud committed by an account manager surnamed Zhang in the bill department of Huaxin Branch and the director of Lijing Branch of Zhuhai Branch of CCB.
Of the 654.38+0.3 billion yuan released by Huaxin Sub-branch for returning the bill, nearly 40 million yuan was from Zhang's company calling his brother-in-law to bid for a real estate project in Beijing, which required much more money and failed to win the bid. This part of the funds has been recovered1more than 100,000 yuan.
Another 80 million yuan of cash transfer funds were not transferred to the account of Lijing Sub-branch of Zhuhai Branch of CCB, but to an account under Zhengzhou Commercial Bank, and then to the account designated by the president of Lijing Sub-branch of CCB, saying that it was used to invest in an airport.
In fact, the reason why the two sides jointly reposted this false discount bill was to obtain 65.438+0.3 billion yuan of funds. If the capital can be put into fast-forward and fast-out, the chain will not break, and the bill can be returned before it expires, then this matter is likely to go away.
It happened in September. Before the due repayment date, ICBC Huaxin Sub-branch had made a dunning to CCB Lijing Sub-branch, but it failed. The internal staff of Houhuaxin Sub-branch directly reported to the head office of ICBC, which led to the avalanche.
Although Huaxin Sub-branch of ICBC is located in Zhengzhou, it is famous for its bill business in the national banking industry. Its predecessor was/kloc-0, the "Huaxin Capital Market" established at the end of 1992, with the second largest scale in China. 1996 June 5438+ 10 After the establishment of the national unified interbank lending market, Huaxin Capital Market was also cancelled and became Huaxin Sub-branch of Henan Branch of Industrial and Commercial Bank of China on June 5438+0997. 1999, the deposit scale of Huaxin was less than1500 million yuan, while the discounted business volume reached131000 million yuan, the cash was 4.4 billion yuan, the discount was 6.2 billion yuan, the bill was issued more than 2 billion yuan, and the profit was more than 70 million yuan.
Huaxin played an important role in the development of ICBC's bill business. In June 2000, Industrial and Commercial Bank of China established the first national bill franchise institution in Shanghai, and other banks followed suit. It is said that this idea is also from the original leader of Huaxin Sub-branch. According to bankers who are familiar with bill business, Huaxin can be called "Whampoa Military Academy of Bill Industry", and the backbone personnel of bill departments of many commercial banks were born in Huaxin.
It is reported that the total bill of * * * 65438+300 million yuan flows out several times. According to the procedure, there were five checkpoints to check, but no problems were found.
The manager of the bill department of Zhengzhou branch of a commercial bank told the reporter that there are quite a few procedures to be fulfilled in completing the formalities: checking the business license and business license of tourism business; Verify the identity of the other party handling the business; Check the power of attorney, that is, the power of attorney of the president; The transfer bank provides the original bill; Provide formal VAT invoices and supply and marketing contracts, which are usually photocopies, and the originals may be required for large amounts; The transfer bank shall affix a seal on the inquiry, indicating that the inquiry is valid, and a copy shall be affixed with a special seal for bank settlement business or a special seal for bill business; A copy of the discount voucher should have the corporate seal and the bank seal, and the bank should affix the special seal of the settlement department to indicate the completion of the discount business. In addition, in the discount application, there is also the financial seal or legal person seal of the enterprise. Now the transfer of commercial acceptance bills requires the transferring bank to issue a letter of guarantee or commitment, promising that if the enterprise does not repay, the bank will repay.
A person familiar with the bill business of ICBC Huaxin Sub-branch said that according to the process, usually after the bill is delivered, the manager of the bill business department checks first, "they should be able to see 70% of the problems"; The asset management department should send people to the field to verify that the procedures for signing the bill repurchase agreement between the two banks should be very strict. The remittance of funds must be reviewed by the manager of the fund department according to the agreement and approved by the person in charge of the competent bank. The bills are kept in the verification office of the asset management department to verify their authenticity. The gatekeepers of all these links should be very experienced bankers, but they didn't find any problems.
According to Caijing, the police investigation is still in progress, and evidence collection began around101October 20th. The respondents are all over the asset management department, bill business department, treasury department and even branch heads.
It is understood that in addition to Huaxin Sub-branch, ICBC's self-inspection scope also includes another bill business window Jingwei Sub-branch in Zhengzhou. "From 1: 00 am to 2: 00 pm, working overtime to check", the problem of commercial acceptance bills of hundreds of millions of yuan was also discovered.
Concurrently with the cases of ICBC Huaxin Sub-branch and CCB Lijing Sub-branch, there is also the case of Fangcheng Sub-branch under the Agricultural Bank of China Nanyang Branch. According to the reporter, the police began to intervene in the case in mid-June of 5438+00, and the former president was investigated. According to insiders, this bill business occurred between Fangcheng Sub-branch and ICBC Huaxin Sub-branch. It looks like normal business, but it has been overdue for several months.
Before this round of bill business cases in Henan banking system, from the first half of this year, the Audit Commission sent people from Jiangxi to Henan for inspection, with the focus on ICBC. It was found that the procedures for the 250 million yuan bill business of Huaxin Branch were incomplete. Fortunately, these funds have been recovered.
The reporter learned from Zhengzhou Central Sub-branch of the People's Bank of China that from June to September this year, the accumulated bill discount in Zhengzhou bill market was 205.5 billion yuan, an increase of 65.438+065.438+098 billion yuan year-on-year, including 65.438+0947 billion yuan in bank bills and 65.438+007 billion yuan in commercial bills. Li Jie, director of the Monetary and Credit Department of Zhengzhou Central Sub-branch of the People's Bank of China, said, "In the middle of this year, 2 1% of the new loans came from discounted loans, and the current ratio has increased to 31%-RMB loans increased by 46.4 billion yuan from June to September this year, and new bills were discounted by/kloc-0.48 billion yuan." And ICBC's bill business is far ahead in Zhengzhou. From 1 to September this year, ICBC discounted125.5 billion yuan, CCB discounted 30.6 billion yuan, BOC only 5.8 billion yuan, and ABC only 2.3 billion yuan. According to industry insiders, the cumulative discount scale of bank acceptance bill business of Huaxin Sub-branch last year has exceeded 50 billion yuan.
The rapid growth of bill business is also a remarkable phenomenon in the banking industry this year. The Report on the Implementation of Monetary Policy in China in the Third Quarter of 2003 issued by the People's Bank of China shows that in the first three quarters of this year, bill financing grew rapidly, and bill discounting increased by 457.9 billion yuan, an increase of 29,654.38+06 billion yuan over the same period of last year. From June to August, bills 1 0.7 trillion yuan were accepted, and from June to July, enterprises issued commercial bills 1 476.4 billion yuan, an increase of 78.7%; The accumulated discounted and rediscounted bills amounted to 2,335.5 billion yuan, an increase of 1. 1 times.
However, these magnificent scenes will almost certainly not continue. 10 In late June, the head office of China Industrial and Commercial Bank comprehensively rectified the bill business of Henan Branch. Other commercial banks have also begun to re-evaluate the risks of bill business.