Chapter 1308: The truth is revealed, the King of Shrimp reshuffles



Qin family.

In the study, the Qin siblings had been facing each other in silence for over ten minutes. Qin Jiao's face was as cold as frost. "Brother, I won't hide this for you. Either you confess to Dad, or I'll do it for you."

Qin Yi looked up: "Jiaojiao, give me a little more time, just a month... no, just half a month at most. After half a month, I will return the money to the company account, and no one will know what happened."

The brother and sister have a close relationship and often covered for each other when they were young.

Qin Jiao had never had much of a sense of spending money since she was little. The Qin family, wanting to raise their daughter in luxury, gave her more pocket money than Qin Yi. Whenever Qin Yi needed money due to overspending, Qin Jiao would give her own to her brother without hesitation.

This time, Qin Jiao shook her head slightly, her attitude unusually firm: "I already know, I cannot agree with my brother's approach, 'Shrimp King' belongs to everyone."

Qin Yi looked at Qin Jiao carefully.

Qin Jiao's appearance has not changed much, but her character is more resolute than before, even a bit strong - she will not compromise on the things she has decided!

"I'll take the initiative and confess to Dad."

Qin Yi lowered his head and smiled bitterly.

A few minutes later, Qin Xianming was called to the study by Qin Yi and heard the confession from Qin Yi.

"You used the money from the 'Shrimp King' account to invest in stocks?"

Qin Xianming looked at Qin Yi with a very strange look, "I didn't expect you to do such a thing."

The reason why the dividends to shareholders of "Shrimp King" stopped coming was because Qin Jiao discovered that there was no cash left in the company's account!

Further investigation revealed that Qin Yi had diverted the money from the 'Shrimp King' account to invest in stocks.

Last year, the stock market was booming. Qin Yi first made a fortune by investing his own money in stocks. But for some unknown reason, he secretly used the money in the "Shrimp King" account to invest in the stock market again.

Qin Yi had originally planned to return the money to Shrimp King's account before the Spring Festival, without anyone noticing. Unexpectedly, just two weeks after New Year's Day 2008, the stock market began to plummet, falling from its peak of 6,100 points in October 2007 to its current level of 4,200 points.

The funds Qin Yi invested in the stock market instantly dropped by one third.

Qin Yi was unable to return the money to the 'Shrimp King' account as scheduled. Qin Jiao discovered something unusual and questioned Qin Yi immediately.

Qin Yi confessed to his sister and begged her to give him some more time.

In a month, or half a month, after he has untied the money trapped in the stock market, no one will know about this!

Qin Jiao was very disappointed with her brother Qin Yi's behavior. She refused to cover up for Qin Yi and insisted on telling Qin Xianming about it.

Qin Xianming's reaction was indeed the same as Qin Jiao's.

At this moment, Qin Xianming felt that his son was a stranger.

Qin Yi's family has never treated him unfairly, so why should he take such a risk?

Qin Yi's behavior is not like a businessman, but a gambler!

The usually refined Qin Xianming grew angrier the more he thought about it. "Your Uncle Wang and I both pulled our money out of the stock market. Do you think you're smarter than us? Qin Yi, you have no judgment and no self-control. You may not be able to judge the stock market well, but few people can make the right judgment anyway. So I understand if you lose a few million, ten million, or twenty million in the stock market, but you absolutely should not embezzle the company's money... You're committing a crime!"

'Shrimp King' is not Qin Yi's company alone!

Although he and Qin Jiao together hold 75% of the shares of "Shrimp King" and are the largest shareholders of "Shrimp King", "Shrimp King" still has other shareholders.

It is illegal to use the money in the company account without the approval of other shareholders!

Qin Xianming scolded Qin Yi severely.

Qin Yi lowered his head and did not defend himself.

In the study, Qin Xianming slowly calmed his breath and said, "First, return the money you embezzled from the Shrimp King's account."

Qin Yi didn't dare to say anything about waiting half a month to pay it back, and immediately nodded in agreement.

To return the money to the company's account, the stocks must be sold. Selling the stocks at this time will definitely result in a loss, and even the principal cannot be recovered.

"Your family will make up for the money you lost."

Qin Xianming had already thought of a way out for his son, and Qin Yi looked ashamed.

Qin Xianming looked up at his son and said, "Just because your family helps you make up the difference doesn't mean this matter is over. You need to go and confess to the other shareholders yourself about embezzling company funds to speculate in stocks."

Qin Yi suddenly looked up: "Dad!"

If he confessed to embezzling company funds to speculate in stocks, how could others trust him?

Qin Xianming sneered, "After something like this, do you still want others to believe you? You embezzled money from the company account, and your sister didn't report it to the police right away, which was already a cover-up for you. As for the other shareholders, let's see if they are willing to forgive you!"

In addition to the Qin brothers and sisters, "Shrimp King" has five small shareholders, namely: Wen Ying, Xie Qian, Wang Shuang, Geng Xiao and Tang Yifeng.

Wang Shuang, Geng Xiao and Tang Yifeng have known Qin Yi since childhood. They will not break off their friendship with Qin Yi for such a small matter. They will definitely forgive him.

Apart from these three people, only Wen Ying and Xie Qian were left.

Xie Qian has always disliked Qin Yi a little...but Wen Ying has a very good relationship with Qin Jiao and is close to the Qin family. If Wen Ying doesn't say anything, Xie Qian won't say anything either.

Qin Yi felt dull all over.

That's why he thought it was okay to embezzle money from the 'Shrimp King' account.

He was just going to use it for a while and would return it soon. He had no intention of taking the company's money for himself.

Qin Xianming forced Qin Yi to confess to the shareholders. Even if the shareholders did not pursue Qin Yi, Qin Yi would not have the face to stay in "Shrimp King" in the future.

Once credit is destroyed, it is difficult to rebuild it.

Qin Yi was silent for a long time, then looked up: "I will apologize to everyone. After I apologize, I will transfer the shares of 'Shrimp King' to Jiaojiao. From now on, Jiaojiao will be the largest shareholder of 'Shrimp King'."

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