Dear Comrade Leader, Episode 291
As soon as he heard Martin Bang’s words, even with a subtle congratulatory message, Choi Seung-il’s face hardened coldly and a light flashed from his eyes.
The intention of Martin Bang, who had been consistent until now with an attitude to the point of being unfavorable and low-key, to bring these words out of Choi Seung-il’s face was obvious.
I have no regrets, so I’ll make a decision right away or find another investor. Isn’t this the story?
It is a common tactic for entrepreneurs to claim that they are looking for other investors to gain an advantage in negotiations with investors and to cloud the other person’s judgment by impatience.
However, it is not necessary to make an investment decision because of impatience, but it was also something that investors must avoid as an investor to miss the big fish that came before their eyes due to hesitation.
A business with 0% risk cannot exist in the world.
Choi Seung-il, who was conflicted between pressure on investment performance and suspicion of the other party, had no choice but to say this and leave the mining site.
“Wait a minute, please. I think I will be able to give you an answer within the itinerary of my stay in Ontario.”
* * *
“First, we need to verify whether the fortunes of the China Investment Corporation are true or not. Is it true that you and Martin Bang had a meeting?”
“Yes, this has already been confirmed by comrades at the Embassy of the Republic of Canada and the head office Toronto branch. It seems to be true that if we do not receive investment from our side, it will go to China.”
After breaking up with Martin’s room, Choi Seung-il returned to the hotel and immediately started reviewing the relevant information and materials he had.
And the fact that the secretary Ryom Jeong-hoon had just called from all directions to confirm, Choi Seung-il wrinkled the wrinkles on his forehead and fell into anguish.
‘The business performance and financial structure of dealing with the Republic of Korea over a long period of time were also verified, and the result of the geological examination was 50:50. The facilities and the company have also been checked with my own eyes, and it is not unheard of for Chinese capital to reach out to Canada. Am I too cautious?’
However, the deliberation period was too short to make the decision to execute the $700 million investment.
At that time, the thought that came to Seung-il Choi’s head as he was pondering over and over again was the thought of checking it one last time.
In the past, there was a hidden source of information that he used occasionally as a means of final verification when he was faced with such a moment of conflict.
He immediately picked up his satellite phone and dialed Hong Kong across the Pacific Ocean.
“Mr McNamara. It’s me, Mr. Choi. Is Hong Kong hot these days? Oh, it’s not a big deal, there is one thing I want to confirm… … name? Red Star Mining. I know you recently got an investment from there to mine the mines in Ontario, but please confirm one thing. Why do I have to tell you that? Hey, comrade. Please don’t forget that we still have your fringe as evidence. If we hand over the data to Interpol and the U.S. Drug Investigation Agency, it wouldn’t be interesting either.”
It seemed as if the angry person’s teeth were clapping their teeth from the other side of the phone line, but Choi Seung-il was still waiting for the other person’s answer, expressionless.
His secret source was a high-ranking executive at HSBC Bank in Hong Kong, one of the people who in the past had a bad relationship with North Korea by borrowing their hands when carrying out various dark businesses, including drugs, to raise slush funds for former leaders.
Although it has been a long time since he came out in the sun, Choi Seung-il, who was at the heart of the slush fund raising and money laundering work in Room 39 of the Workers’ Party of Korea, caught the weaknesses of bank executives from around the world who were involved in the messy business at the time and used them appropriately in this way whenever necessary. .
Of course, this wasn’t always possible, but fortunately, it was HSBC, with whom Red Star Mining had a ties to the place where Red Star Mining got its initial loan.
“There is no need to send the documents. I also don’t want to leave any material evidence for this, so I just need to confirm it verbally. Well… … Hmm, that’s right. Okay. Thank you so much. See you next time. huh? I don’t think you need to react that sensitively… … . In any case, that’s it.”
“… … How is it?”
Ryom Jeong-hoon, who seemed to have guessed the person Choi Seung-il was talking to without listening, carefully asked, and Choi Seung-il answered in a calm tone as usual.
But somewhere in his voice, there was a sense of relief that had dispelled the last streak of doubt.
“Make an appointment again to meet Martin’s room tomorrow. And it was good to ask you to visit the Pyongyang headquarters soon.”
“ah! That word… … ”
“You are right. The other side thought it was a viable business, so they gave me a loan of 1.2 billion dollars. Of course, there are trustworthy guarantors and collateral. I think it would be good to proceed.”
“I’ve got you to start writing the contract details right away!”
As Ryom Jeong-hoon ran out of the room with leaping joy, a faint smile mixed with remorse was finally drawn on Choi Seung-il’s lips, who was watching it.
With this, the national wealth of the Democratic People’s Republic of Korea and the people increased a little more.
Also, the general secretary, his master and benefactor, will be able to reaffirm his trust in his ability once again.
However, in the midst of this, there were still a few uneasiness that remained unresolved in the corner of Choi Seung-il’s heart.
In any case, it is a chronic disease of his, who always assumes the worst case one last time, and his suspicion or extreme prudence is revived.
– What if all of this is a new scam that I didn’t know about? Couldn’t all of the information on which I base my judgment be all fake?
With such healthy doubts, Choi Seung-il thought for a while whether he should hold onto his secretary who ran away and convince him to think again.
According to an internal document (although, of course, it was deleted at the hard disk level immediately after confirmation) that HSBC’s informant took a picture and sent it, Red Star Mining apparently borrowed a large amount of $1.2 billion for the initial investment and equipment of the business, and the signature line He confirmed with his own eyes until the signature of the president of the HSBC bank.
Even if there are two sides of the sky, this is a fact that cannot be changed.
In addition, it is specified in the contract that the amount of upfront investment for Red Star Mining of Peony Holdings, which he has just decided, will be $700 million, and the second investment will be decided based on the progress of the business.
Red Star Mining and Martin Bang have already borrowed and spent $1.2 billion on a loan for the cobalt mining business, and if you add interest to this principal amount, no matter how much you think about it, even if the balance is not right, this is a scam that is not right for a long time.
HSBC is not a good enough bank to lend more than $1 billion to a local idiot who has no guarantees or collateral.
In their view, it is likely that they lent the money because it has certain business viability and is confident that they will recover the principal even in the worst case.
Moreover, unlike common people’s prejudices, Choi Seung-il was well aware that all scammers think and act with an extremely calculating mind.
‘Unless there are sugar-soaked scammers in the goal of taking out a $1.2 billion loan to get a $700 million investment!’
With that in mind, Choi Seung-il, too, has become more worried as he gets older, and leans back on the sofa in the hotel room, dispelling the last remaining doubts.
The official duties have already been roughly completed, and once the investment contract is signed, Choi Seung-il puts a second smile on his lips, thinking that he should play some jokes he had never experienced while traveling in Canada for the rest of his life.
* * *
“Wait, wait… … . I’m glad it worked out. Girum, call me back later. Don’t worry about me… … . Then hang up.”
click.
Two months after returning from Canada, Choi Seung-il was busy working that day in the office of the 40th-floor president of Peony Holdings, located in the center of Pyongyang.
Choi Seung-il, who handled a personal phone call for a while, was spending time checking the last investment contract of Peony Holdings for the cobalt mine owned by Red Star Mining.
Already, Martin Bang flew to Pyongyang about two weeks ago, signed an investment contract, drank champagne with him, took a picture, and returned to Canada.
Read at noblemtl.com
Now, he started mining in earnest and only had to expect to make a profit by selling the refined cobalt. Just as he was thinking about investing in other raw materials fields such as nickel mines and copper in Ukraine, the door to his president’s office suddenly opened. ‘ someone jumped in.It was his secretary, Ryom Jeong-hoon.
“Sah, four, four… … . president! Boss Choi! Did you hear the news?”
“What’s going on? What happened to you so arrogant? Please calm down and explain slowly.”
“Gee, that doesn’t matter now! Leh, Red Star Mining is gone!”
“What?”
Choi Seung-il’s face turned slightly pale for a moment, but he quickly clenched his teeth and regained his composure.
“Speak straight. When it comes to Red Star Mining, are you talking about that Canadian cobalt miner? What kind of ghosts are you talking about to say that an enterprise with more than a few years of trading record with the conglomerates of the Republic disappears overnight?”
“They said we were deceived! Red Star Mining is an empty shell! Comrade Martin Bang, everything we knew was a lie! It’s very likely that the cobalt mine is virtually worthless to the pile! How should I explain this to the Central Committee and the Secretariat… … .”
“… … !!!!”
Choi Seung-il’s face froze in an instant at Ryom Jeong-hoon’s gibberish.
But just as he was about to open his mouth to say something more, a group of naughty men came through the door through which Ryom Jung-hoon had just jumped in.
“… … who is that I’m sorry, but I’m at a time when my official duties are exhausting, so if it’s an interview, I’ll schedule it later… … .”
“Peony Holdings president-level leader, comrade Choi Seung-il, right?”
“… … I am Choi Seung-il.”
“We are from the Anti-Corruption Bureau! The accusation against the comrade has been filed with the Investigation Bureau along with reliable evidence, so you should accompany us for a while. It would be better not to resist and just follow along.”
“What is the accusation? Let’s go after knowing a little bit.”
When Choi Seung-il clenched his teeth thinking that something was seriously wrong, members of the Investigation Bureau who came to him gave the answer he had expected a few seconds ago, but never wanted to hear.
“The charges of intentional breach of trust and embezzlement of public money through a Canadian offshore company called Red Star Mining, using my position as a leader of Peony Holdings, as well as embezzlement. For your reference, the Party Central Committee strongly suspects that comrade Martin Bang, the head of a company called Red Star Mining, had conspired with comrade Choi in advance, and informs that comrade General Secretary is also extremely disappointed with comrade’s heinous treachery. don’t give … … Did you do business in front of money?”
#writer’s words
In fact, a proper raw material investment will not proceed like a pitfall as described in the work. We apologize for the lack of professional knowledge of the author and the fact that it has been arbitrarily adapted to adjust the amount and pace.