Chapter 523
Originally, the 1 billion loan was enough to ease the company's financial difficulties. However, before he had time to catch his breath, several directors discovered that he had embezzled several company funds, including 20 million that he had transferred to Mrs. Chen in the name of a private loan.
The board of directors was already very unhappy with his repeated poor investment decisions that led to serious losses for the company, and now they have found such a big handle on him.
At the board meeting in the morning, several directors and shareholders united to denounce and accuse him, trying overtly and covertly to force him to step down and let others take over. If it weren't for the fact that his Chen family held 51% of the shares, he would have been removed from office on the spot.
So, as soon as the meeting ended, he went home to discuss countermeasures with his father.
The father and son talked in the study for more than an hour, but they couldn't reach a conclusion. The amount of money he embezzled was not small, most of which he used for investment, and he lost all his money.
Right now, I can only use the money my wife gives me to fill some of the holes and deficits.
"I bought an apartment in the neighborhood where my mom and her family live."
Hearing his wife's words, Chen Yuanhong looked unhappy. "You spent 10 million to buy an apartment? How big is it?"
An apartment worth 10 million is not as easy to sell as a villa. Whether for investment or personal use, buying a villa is much more cost-effective than an apartment.
Mrs. Chen was already feeling depressed because of Luo Guihua's matter, and now her husband was angry about her buying a house, which made her feel even more upset.
She held back her anger and took out the property certificate to show her husband.
When Chen Yuanhong saw that it was just an ordinary apartment of 120 square meters, he almost vomited blood in anger.
If it was a house in the capital, it would be normal to spend tens of thousands of yuan for a 120-square-meter house. City B could barely be considered a second-tier city, but an ordinary apartment cost 10 million yuan! Chen Yuanhong was so angry that his face turned blue, and the look in his eyes when he looked at his wife no longer had the warmth and affection he used to have.
"Do you know what's going on at home? You spent 10 million without even saying a word, and you just bought this shabby apartment! I'm going to be killed!"
Mrs. Chen was so upset by her husband's indiscriminate scolding that she burst into tears. "Before I went to City B, you told me that if Qiqi and my mother needed anything, I should make the decision directly without asking you. Besides, I didn't spend money recklessly. The house was bought in my name, so isn't it still the property of the Chen family?"
Chen Yuanhong was choked by his wife's accusation.
The company's situation was not so bad at that time, and he generously took out 20 million yuan in the hope that his wife could establish a relationship with the Mo family through their eldest daughter Tang Qi, and then all the company's problems could be solved.
Unexpectedly, not only did his wife fail, she also brought trouble upon the Qin family.
If he hadn't known that the Qin family was a powerful military family that never got involved in the business world, he would have suspected that the Qin family was secretly targeting the Chen family.
Although he didn't care about the past affair between his wife Tang Shan and Qin Jingxiu, it caused the severance of the relationship between the Chen and Qin families. Although he didn't say anything, he was secretly dissatisfied in his heart.
Chen Yuanhong suppressed his anger and returned the property certificate to his wife. "The company is in urgent need of funds now. You should go back to City B and sell this house immediately."
After that, he thought of something and asked, "How much money can you raise from your financial investments and real estate?"
Mrs. Chen was stunned by Chen Yuanhong's words. Seeing her husband's serious expression and anxious tone, she immediately ignored her anger and asked with concern:
"Yuanhong, is there something wrong with the company?"
In the past, Chen Yuanhong would have felt comforted and thought his wife was gentle and considerate when she spoke to him in such a sweet and caring way.
But now, the pressure from all sides is like a storm that makes him breathless, anxious, and dissatisfied with his wife.
He immediately said angrily: "Just do it when I tell you to. Why are you asking so many questions? Also, with the remaining 10 million plus your own savings, how much money do you have in total?"
Seeing her husband angry, Mrs. Chen did not dare to ask any more questions, "Less than 20 million."
Chen Yuanhong's face turned pale. "Why is it so little? The pocket money I transferred to you from my personal account over the years, as well as the company's year-end bonuses, add up to at least 200 to 300 million. Your daily food, clothing and daily necessities are all public expenses. Where did your money go?"
"I bought a house and some jewelry for Chen Yue."
"Take out everything so I can see it."
Mrs. Chen quickly opened the safe in the cloakroom and took out everything inside.
Except for two houses worth less than 30 million yuan, the rest are gold, silver and jade articles of average quality, which are difficult to resell.
Chen Yuanhong roughly estimated that all these things would not exceed 50 million at most. He stared at his wife with a bad look on his face, "What about the others?"
Mrs. Chen's face turned pale and she shook her head, "No more."
Chen Yuanhong was so angry that he was speechless.
Over the years, he has entrusted almost one-third of his personal wealth to his wife, who he considers to be beautiful, gentle, kind and considerate.
The rest, except for those spent on daily expenses and social activities, were lost in failed investments.
He fully believed that with his wife's diligence and thriftiness, she would be able to save at least 100 million yuan, and by selling the real estate and financial products, she could barely get together 200 million yuan to make up for the funds he had embezzled.
The result was a real blow to him! Chen Yuanhong's head was buzzing, and he didn't even know how he walked out of the Chen family's gate.
He stood outside the Chen family's gate. Although the temperature was as hot as 37 degrees, he felt as if he had fallen into an ice cave and was sweating all over.
The board of directors ordered him to make up the misappropriated funds within half a month, otherwise, he would either voluntarily resign as chairman or go to jail!
Please...you...collect_6Ⅰ9ⅠBookⅠBar (Six\\\Nine\\\Book\\\Bar!)
He would not and could not choose either of these two paths.
What's worse is that he used 10% of his shares to mortgage a 1 billion loan from the bank, which needs to be repaid with interest by the end of the year. If he fails to pay it back on time, his 10% shares will be auctioned off by the bank to pay off the debt.
But now, let alone 1 billion, he can't even come up with 100 million.
Mrs. Chen, who was scolded by her husband, wiped her tears in the bedroom and started to find ways to raise money according to Chen Yuanhong's instructions.
…
Yan Hong called several times in a row, but Tang Qi didn't answer.
He did not give up and sent another text message, [I am Yan Hong, I need to talk to you. ]
After a while, the other side replied, "What's the matter?"
[Is it convenient to answer the phone? ]
【inconvenient.】
Yan Hong choked up at the reply, [What are you doing? Why can't you answer the phone if you can reply to text messages? ]
【Sleeping.】
[…Then how did you reply to the text message? ]
【I didn’t sleep.】
Yan Hong inexplicably felt full, and then he thought of something, [You are not dead yet? ! ! ]
He subconsciously thought the person who replied to the text message was Mo Shaochen, and felt nervous and excited.
Xiao Ba had no idea what Yan Hong was thinking. He just felt angry when he saw the message, [Even if you die, I won’t die!!!]
After sending the message, it angrily added Yan Hong's number to the blacklist.
Thanks to [Xia Xia] for 2 monthly tickets
I bow to thank the little cutie for his monthly ticket support, muah~
(End of this chapter)