NovelEnglish
Chapter 204 Retaliation
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Darcy’s mind went blank.
She could not even hear what Kaze said.
Darcy was not the only one still reeling from the shock.
Maurice, the managing directors of various banks, and the press could not believe their eyes.
Everybody was stunned.
With the banks cutting loans and collecting debts, Quintessential Group would have been crippled.
To everybody’s surprise, there was a shocking twist to the events.
Influential families and major corporations came to the Group’s aid.
Dozens of big businesses were committed to investing in
Quintessential Group, citing 100 million dollars at the very least.
These companies had lost it.
Despite its tarnished reputation, Quintessential Group still managed
to attract investors.
“You’re mad. You have all gone mad!”
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Driven to the edge, Maurice yelled in rage.
Kazen was the reason he had eggs on his face now, a humiliation worse than an actual slap on the
face.
Maurice looked at the leaders of prominent families and major corporations.
In the end, he looked daggered at Nick, chairman of the local
Guard?”
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1. A you yuiny uyumor me to
The local government financing platform and Lilyrose Bank were state -owned.
Even though they were on good terms, Nick stabbed Maurice in the back today.
Nick replied in contempt, “You flatter yourself, Maurice.”
He glanced at Kaze.
Nick was there for Kaze.
Besides, Nick was aware that dozens of them were present in respect of Kaze.
Those who attended the Construction and Material Society’s restructuring meeting would know what
Kaze was made of.
Maurice was in over his head to go up against Kaze.
Nic words upset Maurice. “You talk about pouring investments in sential Group. Where’s the money?
Are we supposed to take
ord for it?”
The pledges to resolve the debt and make investments amounted to billions of dollars.
Maurice refused to give up until he saw the money.
“Money? Well, I got to ask you for the money.””
Nick chuckled. “The local government financing platform has a corporate account with Lilyrose Bank
with five hundred million dollars in it. I want to withdraw all the money now.”
Maurice was shocked.
Bernard said, “The Vikroms have a savings of twenty million dollars in
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puy
for Quintessential Group’s debt.”
“Mr. Lewis, the Logmans would like to withdraw thirty million dollars from Industrial and Commercial
Bank.”
Follow on Novᴇl-Onlinᴇ.cᴏmPeter grinned at Yusoft, the managing director of Industrial and Commercial Bank.
The group of dozens followed suit.
Anybody with money in the banks came forward and demanded withdrawals.
They were big clients with accounts in every bank having funds worth several hundred million dollars.
That was not a lot of money for established banks.
However, the amount put together was worth tens of billions.
10 billion dollars was not enough to cripple the established banks, though.
Still, the money would impact Maurice and the other managing
directors.
The huge loss of savings severely damaged their performance review.
To think the bank managing directors teamed up to cut off
Quintessential Group’s financing.
They were dumbstruck now.
Somehow, they were the ones in a vulnerable position.
Grim-faced, Yusoft pleaded, “Don’t do anything reckless. The money saved in our banks will earn
interests, which you will lose by
withdrawing it.”
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