I Became Park Jeong-ui’s Nephew - Chapter 308



Only Noblemtl

He became Park Jeong-ui’s nephew. – (308)

‘This is a big deal. What should I do?’

This is the Women’s Peace Party’s rented office,

CEO Lee Yeon-su was troubled.

With the implementation of the political party subsidy system, the Women’s Peace Party has now become an organization that receives 2 billion won in subsidies from taxes every year.

The question is how to use this money.

In Japan, political parties are granted legal personality, but in Korea, political parties are defined as ‘impersonal associations.’

Representative examples include organizations such as churches, political parties, and apartment complex owners’ associations. They all seem like legal entities, but in fact, they are the exact opposite.

So how does the accounting of this impersonal division work?

There are frequent reports of church pastors being caught using donations as if they were their own pockets, and the same goes for apartment complex owners’ associations.

In short, it means that there is a risk of becoming blind money.

The same goes for political party subsidies.

Since political parties do not have a corporate identity, they cannot issue corporate cards, and the political party subsidies of up to 2 billion won are deposited into personal accounts.

Who would say anything if the party leader spent that money as if it were his own?

I wonder if they will even properly leave a note of its usage.

Japan, which recognizes political parties as legal entities, also recommends keeping records of how funds are used, but this is rarely followed.

Political parties’ arbitrary management of funds is an incident that has occurred throughout history and the world. In fact, this is not just a problem for political parties.

In 1990, Wonju University of Daehan was criminally charged with a corporate card issue.

Over the past 10 years, I have spent about 30,000 transactions (2 billion won) using my corporate card, and 400 million won was spent on food alone. Even if the food cost is high, does it make sense to spend 400 million won on 120 occasions at a high-end Japanese restaurant and a Korean restaurant?

The police began an investigation after it was confirmed that corporate cards were used even in room salons and entertainment establishments that had nothing to do with school policy.

“No, what the hell is this?”

“Home Mart? 263 transactions? They used corporate cards like personal credit cards.”

“Look at this, I scratched this at a gas station. There are 73.”

“Purchase of medicine? Gift certificate? Karaoke?”

The more you dig into it, the more you lose track of the university’s corporate card spending.

The tuition that students pay by straining their parents’ backs was used indiscriminately with the university president’s corporate card.

Is there any law that says this kind of thing can’t happen in a political party?

Above all, CEO Lee Yeon-su has the legal authority to spend this money.

The rule is to cite the source when writing, but I can’t guarantee that this will be followed.

It’s too much money for a 21-year-old college student to handle.

Of course, there were quite a few who approached with the aim of prey.

“Sir, please invest the political party subsidy you received this time in us.”

“No. If you leave it to us, we will call you and give it to you.”

The temptation of financial institutions recommending investments was a bonus, and this was a bit too much, and even within the party, there were snake tongues swarming.

“National team, we also need to get out of our rented office and set up a nice headquarters, right?”

“Yes. With this money, we can set up a headquarters and still have some left over.”

The Women’s Peace Party has continued its political activities from a rented office until now.

But now, it is possible to set up a headquarters like the Joongdo Shindang, and then when real estate prices rise, you can sell it and move, and your assets can increase.

In Korea, the sale of houses and apartments is restricted, but commercial buildings and buildings are an exception.

In fact, corporations also increase their assets by purchasing commercial properties or buildings in this way and selling them off when the time comes.

Isn’t it true that even a political party can’t do that?

However, Representative Lee Yeon-soo drew the line, saying that this is not the essence of a political party.

“Did we establish a political party and receive political subsidies just to speculate on real estate? And we don’t need to build a headquarters. It’s enough to operate from a rented office.”

“Sir, you shouldn’t just insist on principles like that.”

“That’s right. A political party needs a headquarters that fits its character to stand upright. The Joongdo New Party is also said to be building an annex this time. We can’t just sit still.”

Continued pressure from close associates,

Representative Lee Yeon-su is active in political activities, but is somewhat weak in accounting matters.

Naturally, they had no choice but to be swayed by the opinions of those around them, and eventually the Women’s Peace Party agreed to build a headquarters.

***

“What is this?”

“This is the construction cost for the Women’s Peace Party and the Moderate New Party.”

“What’s the problem?”

“Yes, it looks like the construction company hasn’t refunded the money.”

“what?”

This is Gyeongseong,

Kim Hak-young, director of the Central Intelligence Agency, held in his hands a recently acquired document.

There is no VAT in Korea, but construction sites are an exception.

For example, if the construction cost is 100 million won, the customer and the construction company sign a construction contract for 110 million won, and the customer pays 110 million won to the company.

The construction company pays 10 million won to the government on behalf of the building owner. This is the principle in Korea where the government collects taxes every time a building is built.

So, will the government only collect taxes unconditionally?

If the exclusive use area does not exceed 100 pyeong, VAT is exempted, but if it exceeds that, VAT refund is not possible in principle.

However, if you change the use of the building to a business, you can get a VAT refund, so there are ways to save VAT.

The question that arises here is why the Women’s Peace Party did not receive a refund from the construction company.

Or maybe someone intercepted the refund somewhere along the way.

Because it was such a common occurrence, the Central Intelligence Agency did not just ignore the issue.

“Is it true that the Ministry of Land, Infrastructure and Transport returned the refund to the political party?”

“No. According to the law, the construction company must first receive the refund and then pass it on to the customer.”

“No… Then wouldn’t it be strange if the party didn’t receive the refund?”

“That’s right. This is something that someone embezzled along the way.”

Director Kim Hak-young nodded.

Did the construction company swallow the refund money, or did the political party receive the refund money but not report it? Or are they both accomplices?

But here, a third person appeared that no one expected.

[The Women’s Peace Party’s accounting representative conspired with a construction company to embezzle refund funds.]

The provider of this information is a secret agent of the Central Intelligence Agency,

Director Kim Hak-young tilted his head.

How was it that there were secret agents roaming around inside the Women’s Peace Party when no orders had been given to infiltrate it?

Since it was something he didn’t know about, he was suspicious of its identity.

“Are you really one of our employees? I never gave such an order.”

“They say he went undercover under the orders of his Majesty.”

“Your Majesty?”

“Yes, I think you expected that Lee Yeon-soo, the representative of the Women’s Peace Party, would be weak in this area of ​​accounting because she was still young. That’s why you sent her undercover.”

“Haha~ That’s what happened… ”

Director Kim Hak-young nodded.

Representative Lee Yeon-soo is someone the head of state once wanted to adopt as his adopted daughter, so it’s only natural that he would have that much affection for her.

A young child is trying hard to become the party leader, but wouldn’t there be someone who would try to take advantage of a young child?

Those petty bastards who were pushing for the construction of the party headquarters and embezzling the refunds behind the scenes, how far ahead was the head of state looking?

Anyway, Kim Hak-young handed the problematic accounting representative over to the police.

***

“Mr. Cho Kyu-ho, you are under arrest on charges of embezzlement of refund funds.”

“Ah… no… what the hell is going on?”

“CEO Lee Yeon-su must also come with us as a witness.”

“me too?”

“Yes, I have a few things to check.”

This is the headquarters of the Women’s Peace Party.

The police stormed into the building, where the smell of paint still lingered.

The surprised employees were frozen in place. In times like these, shouldn’t the party leader show a dignified attitude?

CEO Lee Yeon-su set out like that.

But no matter how hard I tried, I couldn’t help feeling anxious. I thought I would never have to go to the police station again in my life, but I still couldn’t believe that reality.

Anyway, the interrogation started like that.

CEO Lee Yeon-su faced a reality he did not want to believe.

“Do you have a personal relationship with Mr. Cho Kyu-ho?”

“Yes, he was my older brother when I was in the shelter. He recently got his accountant license and entrusted me with the accounting of the party… Is there a problem?”

“Oh my, but that person embezzled the refund.”

“What… What did you say? Is that true?”

“Yes, look at the data here.”

CEO Lee Yeon-su received the information provided by the investigator in charge.

130 million won was paid for the headquarters construction, and 13 million won of that was refunded by the Ministry of Land, Infrastructure and Transport. According to the principle, this should be returned to the legitimate accounting.

But that accounting data was lost, literally evaporated.

It is something that would be difficult for someone who does not handle accounting data to notice, and since this was something that involved taxpayer money, the shock to the party leader was doubled.

“That’s ridiculous… How could that person do something like this… .”

“That’s right. You didn’t know at all, sir?”

CEO Lee Yeon-su was unable to say anything in response to the investigator’s questions.

If I answer like that, wouldn’t that be an evasive statement?

What will happen to the party if this fact is revealed to public opinion? Even if the tower that was built with so much effort collapses, is it okay for the party leader to make such a face-saving statement?

It was something that did not fit with his political beliefs, so he opened his mouth after much deliberation.

“If I answer that I am not responsible here, does that mean my responsibility disappears?”

“That’s not it. Of course, we need to investigate further.”

“Then your evasive remarks are meaningless. After all, I was the one who ordered the construction to proceed.”

“Haha~ You don’t have to feel so pressured. I just wanted to clarify the facts. It has been confirmed that the refund went into Mr. Cho Kyu-ho’s personal account, so you have no legal responsibility.”

The police have already checked all of the Women’s Peace Party’s accounts and accounting books.

There were 3,000 division expenditures over the past year, and fortunately, the expenditures are well organized.

Who would have thought that someone with such a neat accounting skills would embezzle refunds?

CEO Lee Yeon-soo literally got stabbed in the foot by someone he trusted, and it was fortunate that the corruption was discovered quickly.

If this kind of corruption had accumulated over 5-10 years, the incident would have been bigger. Who would have uncovered the corruption?

CEO Lee Yeon-su was curious about that.

“Do you know who exposed that corruption?”

“I can’t tell you that. It’s a rule that the identity of a whistleblower is kept confidential.”

“How could I not know? I think I can trust my accounting to someone who can uncover such corruption.”

“No. The identity of the whistleblower will never be disclosed.”

CEO Lee Yeon-su made a regretful expression.

I’m not trying to find and hold them accountable, but anyone who can find such corruption would have accounting expertise.

He’s an important person in the party, so shouldn’t we at least find out his identity?

But the police never revealed the whistleblower’s identity.

In any case, this incident was quietly handled by the accountant and closed, and CEO Lee Yeon-soo was not subject to public criticism.

‘Who on earth is it? Where is everyone?’

CEO Lee Yeon-su tilted his head.

Who on earth uncovered this accounting scandal?

As the party leader, we need someone who can manage money cleanly. Is there a talented person hiding in the party that I don’t know about?

I searched the accounting department like crazy, but there was no one who stood out.