readytorunbook Chapter 269 Xu Youwei Deserves His Punishment
Chapter 269 Xu Youwei Deserves His Punishment
Why was Xu Youwei arrested? Why was there no prior warning?
"No matter why, something big must have happened to the Xu family."
"Will Motorola still release its first mobile phone today?"
"Whether it's issued or not! Something big has happened to the Xu family, the stock price is bound to drop! Sell now! Sell immediately!"
"Could it be fake news? Something doesn't feel right!"
Many stock market investors do not believe it, or dare not believe it.
Many of them had just bought Xu's stock yesterday, hoping to make a fortune once Xu became the distributor of Motorola's mobile phone.
If the news of Xu's huge losses were to break today, it would truly be a fall from heaven to hell.
Xu's stock price could potentially hit the daily limit down today.
Therefore, these stock investors dare not believe it! They cannot believe it!
But soon, vendors selling newspapers and magazines arrived.
"Newspapers for sale! Breaking news: Xu Group falsified accounts, owing 2 billion!"
Several vendors were holding newspapers and calling out their wares.
Upon hearing this call, the stock market investors swarmed around it, rushing to buy newspapers and magazines.
Then came a burst of cries of "What should we do? It's all over!"
Just like the chaotic stock exchange center, the Xu family was also completely at a loss.
Xu Youwei's younger brothers, Xu Youcai and Xu Youwei, rushed to inform their father as soon as they learned that Xu Youwei had been taken away by the Independent Commission Against Corruption.
At first, they were happy.
All I could think of was that Xu Youwei was taken away because he embezzled hundreds of millions of yuan from the company, and he would definitely have to resign.
However, when they arrived at Old Man Xu's place and learned the whole story, they discovered that the Xu family had lost two billion yuan, and the matter had become widely known. It was already a good thing that the Xu family's stock price didn't hit the daily limit down today.
The two brothers were not happy at all.
Even if we take over the Xu family now, it will only be a mess.
Not only will it bring no benefit, but you might even end up getting hurt yourself.
Old Xu asked the two brothers who was willing to take charge, and the two brothers nodded and remained silent.
Old Xu was furious and grabbed his cane, intending to beat his two sons first.
Just then, the company's general manager, who was also a member of the Xu family, called to tell Old Man Xu.
Motorola's Asia head was at the company at the time, demanding the termination of the contract with the Xu family, and claiming that the Xu family had concealed their financial losses beforehand, demanding compensation from the Xu family.
In addition to compensation for breach of contract, Motorola also needs to compensate for the waste of its previous advertising investment due to the temporary cancellation of the product launch caused by the Xu family.
Upon hearing what was said on the phone, Old Xu's vision went black and he fainted.
*
It's been noisy outside all morning.
Shen Wancheng didn't get up until ten o'clock.
The baby's movements were really strong last night. She woke up for several hours in the middle of the night and didn't fall asleep until four or five in the morning.
So I slept until 10 a.m.
Gu Jinxing didn't wake Shen Wancheng, but he also didn't go to work, staying home to keep an eye on the stock market and news.
Gu Jinxing only told Shen Wancheng when she asked about it during breakfast.
"The Independent Commission Against Corruption (ICAC) arrested Xu Youwei this morning, and the police arrested Wang Hao for stealing trade secrets. They also arrested Zhou Hao along the way."
"Huh? Zhou Hao? Is it because of the previous traffic accident?"
"Ah."
"They all deserved it."
Although Zhou Hao's traffic accident was actually instigated by Gu Jinxing, Zhou Hao didn't even know who instigated him, so he couldn't continue to confess and bring up the fact that he had illegally entered Hong Kong Island.
This is not good for him.
Neither Gu Jinxing nor Shen Wancheng felt guilty about instructing Zhou Hao; they were simply retaliating in kind.
If it weren't for Gu Jinxing's driver's quick thinking, Shen Wancheng and Gu Jinxing would have been in a car accident as well.
However, this one economic crime alone is not enough to put Xu Youwei to death.
Shen Wancheng asked, "How's the stock market?"
"Xu's stock price plummeted at the opening of trading today, with investors selling off their shares. Even after Mr. Xu, the founder of Xu's Group, held a press conference, the decline could not be stopped."
Shen Wancheng then asked, "What did they say at the press conference?"
Shen Wancheng wanted to see the Xu family's capabilities and their attitude towards Xu Youwei.
Gu Jinxing chuckled lightly, his tone laced with sarcasm.
“He burst into tears in front of the reporters, tearfully listing Xu Youwei’s mistakes, and publicly announced the removal of Xu Youwei from his positions as chairman and president.”
Shen Wancheng was stunned for a moment.
"No follow-up remedial measures were mentioned? Where is the apology?"
"We didn't hear an apology, nor did we hear any specific plans for the future. We only dismissed Xu Youwei, and the old man Xu announced that he would resume his position as chairman of the Xu Group."
“…”
Shen Wancheng was speechless.
No wonder the press conference had no effect whatsoever; Xu's stock continued to fall, and the pace showed no signs of slowing down.
The Xu family has absolutely no sense of responsibility.
Despite such a major incident, they're still putting on airs and acting high and mighty.
Shen Wancheng even felt sorrow for the ancestors of the Xu family who had established and passed down their family business a hundred years ago.
Gu Jinxing continued, "Not only that, Motorola has announced that it has urgently suspended today's mobile phone launch event and will hold the Xu family accountable."
"What did Madam Xu say?"
Gu Jinxing chuckled inexplicably.
"Old Xu also tearfully denounced Motorola, but took no concrete action."
"Then the Xu family is truly destined to go bankrupt."
"Pretty much. The Xu family is in a state of turmoil. Xu Youwei won't have an easy time in prison either, since no one from the Xu family will care about him."
Shen Wancheng looked at Gu Jinxing with deep eyes.
"You want to stay in prison...?"
"Yes, prison is convenient. You can arrange for people to do whatever you want. Now that Xu Youwei is in, don't even think about getting out. That way, no one will threaten your and the baby's safety anymore."
Shen Wancheng smiled. "And your safety."
"Yes, I have also arranged for people to collect and organize the other evidence against Xu Youwei, and I will send it to the police station for filing this afternoon. Xu Youwei will definitely not be able to turn things around this time."
People of Gu Jinxing and Xu Youwei's status usually have their incriminating evidence erased. Given their social standing, even if someone reports them based on this, the case will ultimately be dropped due to incomplete evidence.
But when someone like Xu Youwei falls on hard times, everything changes.
Those police officers handling the case are more than happy to hear your report. The suspect is already at the police station, and the more cases he has on his record, the better, since it all contributes to his performance.
Therefore, once the Xu family outside is finished, Xu Youwei is finished too.
As the chairman and president of a group, he ultimately didn't even get the chance to be released on bail.
Shen Wancheng and Gu Jinxing would have Xu Youwei spend the rest of his life in prison, suffering immense torture before finally killing him.
As most people who watch television know, many prisoners in jail were already criminals.
After being imprisoned for a long time, their thinking becomes even more twisted, and they become the most torturous.
Xu Youwei deserved any form of torture he was subjected to.