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Chapter 73 The Debt King

The Minister of Defense's advice to President Quartas was to find a way to give Escobar some hope first, so that he could automatically cut from the left-wing guerrillas. As long as the Colombian drug cartel does not assist the left-wing guerrillas to raise funds by selling cocaine, the government forces can withstand this fierce attack from the left-wing guerrillas.

After leaving this sentence, the Minister of Defense left the cabinet meeting early. In fact, the most pressure in the cabinet is him. He wants to do his best to suppress the attack of the guerrillas and prevent Colombia from becoming the second Cuba. However, President Quartas really trusts the Americans too much and completely ignores the actual situation in Colombia. Today, when coca has actually become the main economic crop in Colombia, he just fantasizes that relying on administrative means will make those people below the poverty line give up their dependence on the cocaine industry, and even fantasizes that Americans can help Colombia revitalize its continued decline in economy. Now it seems that what the Colombians can only get a fragmented and turbulent country. Defense Minister Juan is a sensible person, but he does not want to take the dictatorial path of Pinochet. Juan firmly believes that the Colombian problem can only be solved by the Colombians themselves.

Seriosha's right-hand assistants Ivankov and Yuri temporarily withdrew from the United States and lived in Switzerland. However, Seriosha did not intend to give up his years of operation in the United States, and he wanted to change his way to fight back to the United States.

Now after years of operation, Seriosa has been operating, the Gorky Brotherhood is no longer just a gangster, it is more like a financial platform in the underground world, dealing with illegal funds from the Americas and Europe. Seriosa's business is more similar to a multinational financial institution, a multinational financial institution specializing in serving gangsters.

Seriosha has become an important force for the Colombian drug cartels with annual revenue of up to $30 billion and the mafia groups engaged in smuggling and drug trade along the Mediterranean coast. Their funds are no longer clean that several casinos and large hotel chains can handle. Seriosha wants to find more efficient and safer money laundering methods to rebuild the Gorky Brotherhood, the world's largest money laundering group.

Seryosha focused his attention on the business of investment banking because he knew that in terms of efficient and safe means, this was the most suitable operational method for the Gorky Brotherhood.

Why is this the safest and most efficient method? For example, if money laundering is done through the gambling industry, a large number of head accounts need to be involved, because casinos cannot always let a gambler win money, and it must be on the head accounts on average before it will not be easily discovered. However, equity acquisitions through overseas offshore companies are completely different. Objectively speaking, if it cannot be proved that the investment bank knows the true identity of the parties to the transaction during the acquisition, then the investment bank does not have to bear any legal responsibility. To prove that an investment bank knows that a certain acquisition transaction is money laundering, it must break the judicial and trade barriers of these offshore financial centers, and even if it is as powerful as the United States, it cannot do this.

If all this is achieved, money laundering will become a very simple thing. Seriosha only needs to set up a foreign trade company in Colombia in the name of Escobar's relatives, and then ask his subordinates to deposit his funds into the overseas investment account opened by Colombia Bank for this company. Then Seriosha opens another bearer stock investment company in Panama to control this foreign trade company in Colombia, and the funds can enter Panama freely and safely. Then Seriosha uses the same method to go to the Dutch Andres Islands, Bermuda, and the same method.

The same bearer stock investment companies are established in Cayman Islands, even the Virgin Islands, Liechtenstein and other places. As long as there are more companies on this chain, the more difficult it is to track down judicial investigation. Because they are bearer stock investment companies, even the insiders of these offshore financial centers will not know who the shareholders are. Moreover, these offshore centers have strict bank protection laws and judicial confidentiality systems, and the tax rate is particularly low, so they can even be ignored. Opening a company in the Cayman Islands only requires a tax of US$300 per year.

Before this, Seriosha had tried to transfer funds in this way. The huge foreign exchange reserves of the Soviet Foreign Trade Bank were transferred to Japan in a short period of time. With the existing scale and outlets of the Colombian Bank, the conditions for free transfer of funds between Japan, Eastern and Western European countries, as well as Colombia, Mexico, the United States and Canada in the Americas have been ripe. Seriosha feels that this step should be taken.

However, Selyosha's financial career currently has a fatal shortcoming that restricts Selyosha, that is, he does not have a fund manager who can manage the asset scale of trillions of dollars. Such talents are scarce talents not to mention the Gorky Brotherhood, even on Wall Street, the City of London, and central banks of various countries. Because when the funds reach the trillions of dollars, any small changes in the financial market will be amplified. For the simplest example, if a trillion dollars do nothing and sleeps in a bank account, then in a few years, you will find that the value of the money has shrunk greatly. All of this is determined by inflation and economic development. Even a rich man, if he does nothing, his money will become less and less valuable.

Seriosha has decided that Mikhail will be the first person in charge of Colombia Bank, but the specific business Mikhail will still be held responsible for people more professional than him. Therefore, Seriosha will recruit Colombia Bank as an asset management master worldwide. This matter is carried out through formal high-end headhunting channels. According to the list given by the human resources companies hired by Colombia Bank, Seriosha will decide who will take charge of Colombia Bank's trillions of funds.

There are many candidates on the list, but those famous fund managers who have already established their own careers are not sure to invite them back. On this list, Seriosha saw Bill Gross, a professional fund manager who is already well-known in the industry, working for Pacific Investment Management.

Seriosha asked Mikhail to come forward to find out what scale the Pacific Investment Management Company has developed. Mikhail was quick to move. He told Seriosha that the investment management company now manages an asset of about 2 billion yuan and is mainly engaged in bond investment. Although Bill Gross is the pillar of the company, he is only a senior partner and does not have much shares in the company.

Seriosha said to Mikhail immediately: "To take this company, Bill Gross will be the president of the debt business of Colombia Bank at all costs!"

"Seryosha, what's so special about this Bill Gross? It's not high on our recommendation list!"
Chapter completed!
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