The news that Yoshiaki Tsutsumi was sent to the hospital and that the Seibu Group was liquidated by the bank became the headlines of the Japanese media that night.
At the same time, many people in the financial industry are beginning to read the research reports produced by Muddy Waters from a new perspective.
Although there is no direct evidence that Muddy Waters is the big short of the Seibu Group behind the scenes, the short selling activity did occur after the Muddy Waters report was published.
Lebedev's research report has become a hot topic in the Japanese media with the collapse of Yoshiaki Tsuki, and even European financial research institutions have begun to pay attention to the research report on troubled waters.
And Yoshiaki Tsumi's liquidation has made Seibu Group's debt problem the focus of media coverage.
Although Yoshiaki Tsutsumi is still in the hospital, the investment community has already had a trace of doubts about Yoshiaki Tsutsumi's ability to repay debts, and it is still unknown whether Yoshiaki Tsutsumi can recover his losses.
The Seibu Group has applied to the Tokyo Stock Exchange for an emergency suspension of trading, and the shares of all listed companies under the Seibu Group will be temporarily suspended.
Discerning people can see at a glance that the Seibu Group has been cornered by the mysterious bears, and they can no longer afford the stock price to continue to fall like this.
Just after Yoshiaki Tsutsumi was admitted to the hospital, Japan's financial circles began to re-examine the huge losses of the Seibu Group, which has lost tens of billions of dollars in assets in one day alone.
Yoshiaki Tsumi's net worth has shrunk even more, is there really no problem with such a company that is continuously bearish by funds, and the first thing to reflect on this problem is the main correspondent bank of the Seibu Group, in the face of the crash, a useless Yoshiaki Tsutsumi began to make them doubt the solvency of the Seibu Group, and they began to worry about the loans they issued to the Seibu Group, and similarly, in the bond market, due to the continuous decline, Seibu Group's corporate bonds began to be downgraded by the three major rating agencies in Europe and the United States.
This is a huge blow to the confidence of creditors.
Under these two concerns, the debt problem of the Seibu Group inevitably erupted.
First, the Seibu Group's main banks, the Bank of Tokyo-Mitsubishi and Sumitomo Bank, are trying to recover the loans they lended.
The Seibu Group refused on the spot on the grounds that Yoshiaki Tsutsumi was still hospitalized and could not handle official business.
This has made the two banks even more worried about the safety of their own funds.
At this time, Swiss-based Muddy Waters published its latest research report, pointing out that several of the Seibu Group's large projects in Hokkaido were heavily loss-making, but these projects were marked as profitable in the Seibu Group's financial reports.
As soon as the news came out, investors' suspicions about Seibu Group deepened.
The first financial fraud can be said to be the negligence and carelessness of the staff, but the second time it was exposed to more financial fraud, which can no longer be fooled by negligence alone.
Who knows how many other dishonest frauds the Seibu Group has.
Muddy Waters' report is now a must-see financial report for the Japanese investment community, and even many foreign investors regard Muddy Waters' report as an important source of research.
The reason is that every time Muddy Waters issues a research report on the Seibu Group, the Seibu Group always loses a lot.
This large-scale fraud incident has made the shareholders of the Seibu Group pinch a cold sweat for their own company.
The Bank of Tokyo-Mitsubishi and Sumitomo Bank are not so easy to deal with, as long as Yoshiaki Tsutsumi is not dead, he will have to face the bank's debt collection.
Just when Yoshiaki Tsutsumi woke up from his coma, the heads of the credit departments of Bank of Tokyo-Mitsubishi and Sumitomo Bank, who got the news, came to visit Yoshiaki Tsutsumi with gifts.
After a polite exchange between the two sides, they quickly got to the point.
"President Tsutsumi, I'm sorry to bother you when you were sick, but we hope to be able to recover the credit funds lent to you.
Our Bank of Tokyo-Mitsubishi has had some liquidity problems recently, and the turnover of internal funds has been in trouble."
"On behalf of Sumitomo Bank, I would like to discuss with you the repayment of your loan with our bank.
I would like to know that you used your stock as collateral to borrow money from our bank, and now your share price has shrunk severely, and you must provide new collateral or we will have to recover the loan early."
Tyi Minggui is the richest man, and no one has dared to talk to him like this for many years.
Before he entered the hospital, he only needed to take out a loan, and the general managers of the two banks personally went to his office to negotiate, but now he only sent two people in charge to the door to force the debt, and he really felt that he was a bully "Two, I'm still in the hospital, can't you wait for me to be discharged from the hospital to discuss the debt," Tsutsumi said in an unkind tone.
"I'm really sorry to disturb your cultivation, but it is our duty to ensure the safety of customers' funds, please be sure to raise your noble hand" The director of the Bank of Tokyo-Mitsubishi saw Yoshiaki Tsutsumi's attitude and knew that the other party probably did not plan to repay the money, so he knelt directly on the ground in a hurry and asked Yoshiaki Tsutsumi with an apology.
The director of Sumitomo Bank, who was standing on the side, also knelt on the ground and pleaded with Yoshiaki Tsutsumi.
Two fifty-year-old men knelt respectfully on the ground, pleading with their foreheads to repay the loan and redeem the stocks.
The reason for this is because these loans are made by them, and if they can't recover them, their careers are over, and they will definitely be discharged from the company after such a big loss.
And as Japan's largest landowner, Yoshiaki Tsutsumi borrowed a terrifying amount of money from the banking system where the two men worked.
"Do you two have to tear up my friendship with Mitsubishi and Sumitomo for many years, come on, I'm not feeling well, help me send off guests" As soon as Yoshiaki Tsutsumi's words fell, his bodyguard walked in and politely asked the two to go out, how could the two be sent away so easily, they were reluctant to leave the room, and they clung to Yoshiaki Tsumi's hospital bed and refused to leave.
Yoshiaki Tsutsumi was even more angry, and let his bodyguards unceremoniously throw the two of them out of the room.
The scene was just too ugly.
Even though this is a private hospital, everything that happens will not be leaked.
But the hospital has long been infiltrated by some well-intentioned media.
The scene in Yoshiaki Tsutsumi's hospital room was completely recorded by a reporter disguised as a hospital worker, and it was broadcast on a Tokyo television station that night.
The next day, the front of the Seibu Group headquarters building was crowded with investors who had come to collect the debt.
Many people felt uneasy and panicked about the stormy Seibu Group. t1706231537: