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Chapter 445 The biggest idiot

Lee Mengxi was not too happy after winning the case. This was just the first step in the Long March, because on the day of winning the case, Lee Kun-hee's lawyer team appealed as they expected, and the case was transferred from the district court to the High Court to continue.

The High Court's verdict is usually only two to three months. If the High Court changes the verdict, it means that Lee Mong-hee and his son have completely failed. Moreover, with Lee Kun-hee's influence, the possibility of a verdict is very high. As time goes by, Lee Mong-hee's father and his son are becoming more and more worried.

But just two weeks later, an amazing event suddenly happened. On September 15th, Lehman Brothers, a super investment bank that was once ranked first in Institutional Investors, was one of the world's famous stocks, bonds underwriters and traders, suddenly declared bankruptcy.

On this day, news around the world was broadcasting the bankruptcy of Lehman Brothers. According to the news, since Lehman Brothers' debt reached US$613 billion, it submitted a bankruptcy protection application in the early morning of the 15th, and this investment bank with a glorious history of 15B has come to an end.

In order to prevent the stock crash that day due to Lehman Brothers' bankruptcy, the US Treasury and the Federal Reserve system immediately announced emergency measures and invited several major banks to jointly acquire Lehman Brothers. However, because Lehman Brothers' bankruptcy liabilities were too large, Barclays was the first to withdraw from the negotiations, followed by Bank of America. As the situation developed, although the stock market was temporarily controlled and the direct and indirect losses caused by Lehman Brothers were unpredictable, and the impact was like a whirlwind.

To a certain extent, although the Lehman Brothers bankruptcy incident did not have a huge impact on the entire world economy like the subprime mortgage crisis, the chain reaction caused by its bankruptcy is still extremely powerful. Involved by bankruptcy, some companies that have business dealing with Lehman Brothers suffered heavy losses. Shortly after Lehman Brothers’ bankruptcy filing, several companies and financial institutions around the world have also declared bankruptcy due to their involvement.

There was even a European company that had business dealings with Lehman Brothers and its news blocked, and it actually remitted money to Lehman Brothers through a bank on the night of the 14th, a few hours before Lehman Brothers submitted their bankruptcy application on September 15th. The remittance was more than 660,000 US dollars. Shortly after the remittance was released, this bad news came.

When the chairman of the company learned about this, he almost fainted. When he came to his senses, his face turned pale and his hands couldn't help but tremble. There was no doubt that the money was like a meat bun dog that never returned. Even if the Lehman Brothers were finally acquired successfully, as a bankruptcy protection, they could only recover a small part of the amount.

Such a large amount of liquidity loss can be imagined for a company. Although this European company is quite large in the industry, it cannot withstand such an incident. Moreover, when the incident was rumored, the company became a laughing stock in the industry. Moreover, because of this incident, the company's business was greatly affected, which made the company with good operations fall into an unprecedented dilemma.

Just when the world laughed at the idiotic behavior of this company, in Hansung, South Korea, Lee Kun-hee's face turned pale and looked like she was so sucking.

The entire conference room was filled with Lee Kun-hee's angry roar, and the vice presidents sitting in front of him were all so arrogant that they didn't dare to let out a sigh.

"Saying who this is the decision?" Lee Kun-hee roared angrily as she slapped the table.

Everyone was still silent, and no one said a word. Everyone knew that the person who spoke at this time was an idiot, and if he was caught by Lee Kun-hee, he would definitely not have good results. Moreover, everyone knew the inside story of this incident. In fact, the person who caused this incident was not someone else, but Lee Kun-hee's son Lee Jae-chung. But now, Lee Jae-chung, as the vice president, is also sitting on the spot. Who would be full and tell the truth? If he offended the prince, how could he survive in Samsung Group in the future?

"You said," Seeing that no one answered, Lee Kun-hee became even more angry and pointed at someone present: "You are responsible for the company's finances, and the money was also distributed by the Assets Department. Can you give me an explanation?"

Lee Kun-hee's finger is Lee Sung-bin, vice president of Samsung Group. Lee Sung-bin is a subsidiary of the Samsung Lee family. From the perspective of blood relationship, it can also be said to be Lee Kun-hee's nephew. Due to this reason, Lee Sung-bin is deeply trusted by Lee Kun-hee, and this person is also very capable. In the past twenty years, he was promoted to the core level and became the vice president in charge of finance.

Seeing Lee Kun-hee pointing at him and asking questions, Lee Sung-bin knew that he could not escape. Others could pretend not to know, but he couldn't. After all, the money was taken away from the company account, and he was responsible for the finances. This responsibility could not be pushed through no matter what.

He glanced at Li Zai Cong, as if he was planning to ask for help from him. If Li Zai Cong could stand up and say a few words to him, then maybe the situation would not be too bad. But who would have thought that the prince actually turned his head to the other side, obviously just standing by. Seeing this scene, Li Shengbin's face suddenly turned pale, and a bitter smile appeared on his mouth.

"President, this incident has caused huge losses to the group. I am responsible, but as the vice president of finance, I follow the procedures in accordance with the company's articles of association." I felt sorry for this. Anyway, this matter has been like this. Whether it is being hated by Lee Jae-chong or being removed from office by Lee Kun-hee on the spot, I have no good result. Instead of doing so, it is better to tell the truth truth and at least to clear my innocence.

"Articles? Do you still know the company's articles?" Lee Kun-hee cursed: "Why did I, the president, have no idea about the transfer of such a large amount of funds due to the loss of 300 million US dollars? And... and at this time, tell me why you used this money to be the Lehman Brothers? Did you take the other party's benefits?"

"Absolutely," Li Shengbin's pale face showed an angry red. He denied: "As an employee of Samsung, I have worked in Samsung Group for nearly 20 years. How could I collude with outsiders to do things that harm Samsung Group? And I said that I took this money according to the regulations. If the president doesn't believe it, I..."

"You? What are you? Let's continue." Seeing that Li Shengbin suddenly stopped, Lee Kun-hee's suspicion became even more serious. He sneered and looked at the clan nephew, wanting to hear how he would argue next.

The European company was ridiculed by the world just foolishly for remitting $660,000 a few hours before Lehman Brothers went bankrupt. No one expected that just three days before Lehman Brothers went bankrupt, Samsung Group became a bigger fool, and actually remitted a total of $300 million to Lehman Brothers in two batches. If outsiders knew about this incident, not only would Samsung Group, including him, Lee Kun-hee, be laughed as the biggest idiot in the world, but it would also bring great uncertainty and bad influence to Samsung Group.

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