NovelEnglish
Chapter 1360
Chapter 1360
Charles was excited all the way, "Mr. Jones, you take over the company right on time! Mr. Mason has changed
dramatically lately, and he is very critical of his employees. He has failed several large investment projects, and he
has lost a lot of money in the overseas market. If you hadn't taken over the Mason Group, we really didn't know
how long the company could survive..."
Trevor's eyebrows jerked, "What did you say? Overseas market?"
Sofia looked at Charles coldly.
Charles's face changed color slightly. Then he pretended to have said something wrong and hurriedly said with a
smile, "Ah, you don't know yet? Mr. Jones, please ignore what I have said."
Trevor shouted, "Tell me clearly!"
Follow on NovᴇlEnglish.nᴇtCharles had no choice but to tell them about the current situation.
The Mason Group was originally short of funds. After Cedrick came back, he invested abroad wantonly, and he
competed with Trevor, causing the share price of the Mason Group to fall, so the investors stopped their plan to
fund the company.
However, the worst was yet to come.
This year, the main projects of the Mason Group were overseas because the group tried to expand globally, but the
financial crisis came, so all these projects went to waste.
Not only that, because the project was suspended halfway, the partners asked the group to compensate them for
their huge losses!
The Mason Group had lost a lot of money, so the group was unable to pay the liquidated damages, which was the
double amount of the investment...
In order to suppress the news of the failure in the overseas market, the Mason Group chose to temporarily
misappropriate domestic funds to pay liquidated damages, which became a case of robbing Peter to pay Paul, and
the group owed a lot of money to downstream suppliers.
Those suppliers had been fighting for a long time, but they also had been suppressed by Charles and the security
guards, so the words didn't go out.
When Trevor heard this, he had a bad feeling in his heart.
Sofia’s eyelids jumped wildly.
"Do you mean that the Mason Group now owes a lot of debt? What about the bank? How much can we lend from
the banks?”
Charles sighed and then said helplessly, "We have been to many large and small banks, and finally a small bank is
willing to lend money to us, but they refuse to give us a loan as soon as they know someone else will take over the
Mason Group. After all, the banks only want to be the icing on the cake and don't want to help."
Now the Mason Group was a bottomless pit. The compensation in the overseas market alone could make the legal
Follow on Novᴇl-Onlinᴇ.cᴏmperson of the group unable to bear it and go to jail!
Sofia felt angry and immediately said to Charles, “Take me to see the financial staff. I want to check the accounts!"
Sofia's body was somewhat wobbly, so Trevor hurriedly supported her, and Charles also went over to support her.
Trevor asked a group of professional accountants to check the financial situation of the Mason Group in the past
two months.
Sofia had worked so hard to get the Mason Group, so she did not believe that the huge group had such a large
amount of debt...
Trevor was also worried and checked the accounts with the financial staff in person. He found that the group's
overseas projects began to fail as early as a few months ago.
The group allocated a large amount of funding to the overseas market every day.
In other words, the overseas market brought down the whole group!
Every entry in the financial records was so clear that it was impossible to be fabricated!
Sofia's temples were bulging because of anger. The more Trevor looked at the accounts, the more he panicked. The
daily outflow of funds from the Mason Group was more than the income of his company in a year!
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