Chapter 445: The Biggest Idiot

(.) Lee was not overjoyed after winning the case, which was only the first step in a long march of thousands of miles, because on the day of the victory, Lee Kun-hee's legal team appealed as they expected, and the case was transferred from the district court to the high court.

The verdict of the High Court is generally only two to three months, and if the High Court changes the verdict, then it means that Lee Mengxi and his son have completely failed, and with the influence of Lee Kunxi, the possibility of changing the verdict is very high. As time went by, Li Mengxi and his son became more and more worried.

But only about two weeks later, an amazing event suddenly appeared. On September 15, Lehman Brothers, one of the world's leading underwriters and dealers of stocks and bonds, suddenly declared bankrupt after its 15-year history, once ranked No. 1 in Institutional Investor.

On this day, the news around the world was broadcasting the bankruptcy of Lehman Brothers, according to the news, because Lehman Brothers had a debt of up to 61.3 billion US dollars, it filed for bankruptcy protection in the early morning of the 15th, and this investment bank with a glorious history of 15B years also came to an end.

In order to prevent the stock crash of the same day due to the bankruptcy of Lehman Brothers, the US Treasury Department and the Federal Reserve System immediately announced emergency measures, inviting several major banks to make a joint acquisition of Lehman Brothers. However, due to the large bankruptcy debt of Lehman Brothers, Barclays was the first to withdraw from the negotiations, followed by Bank of America. As the situation unfolded, although the stock market crash was temporarily contained, the direct and indirect losses caused by Lehman Brothers were unpredictable, and the repercussions were like a whirlwind through the world's financial system.

To some extent, the collapse of Lehman Brothers, although it did not have a huge impact on the world economy as a whole, was not as dramatic as the subprime mortgage crisis, but the ripple effects of its bankruptcy were still extremely powerful. Implicated in bankruptcy, some companies and financial institutions that had business dealings with Lehman Brothers suffered heavy losses, and soon after Lehman Brothers filed for bankruptcy, several companies and financial institutions around the world also declared bankruptcy one after another because of their involvement.

There was even a European company, because of its business dealings with Lehman Brothers and the lack of information about Lehman Brothers, that is, on the night of 14 September, a few hours before Lehman Brothers filed for bankruptcy, actually remitted more than $660,000 through a bank, and the bad news came shortly after the remittance was made.

When he learned of this, the chairman of this company almost fainted, and when he came back to his senses, his face was pale, and his hands couldn't help but tremble. There is no doubt that this money is equivalent to the meat bun dog is gone, and even if Lehman Brothers is successfully acquired in the end, then as bankruptcy protection, they can only recover a small part of this amount.

The loss of such a large amount of liquidity can be imagined as a disaster for an enterprise. The European company, despite its size in the industry, could not afford such an event. And when this incident was reported, this company became a laughing stock in the industry, and because of this incident, the company's business was greatly affected, which made the company that was doing well fall into an unprecedented predicament.

Just when the world was laughing at the idiotic behavior of this company, in Hanseong, South Korea, the headquarters of Samsung Group, Lee Kun-hee had a blue face, and he looked like he was about to eat people.

The entire conference room was filled with Li Jianxi's angry roar, and the few vice presidents sitting in front of him didn't dare to take a breath.

"Whose decision is this" slapped the table, Lee Kun-hee roared wildly.

Everyone was still silent, and no one said a word. Everyone knows that it is an idiot who is talking at this time, and the gun shoots the first bird, and if he is caught by Li Jianxi, there will definitely be no good fruit to eat. Moreover, everyone knows the inside story of this incident in their hearts, in fact, the person who caused this incident was none other than Lee Kun-hee's son Lee Jae-chrome, but now, as the vice president, Lee Jae-chrom is also sitting on the spot, who will be full and have nothing to tell the truth? offended the prince, how can you get mixed up in the Samsung Group in the future?

"You come" Seeing that no one answered, Li Jianxi's anger in his heart became even greater, and he stretched out his hand and pointed at someone present: "You are responsible for the company's finances, and this money is also allocated by the asset department, can you give me an explanation?" ”

The person Lee Kun-hee refers to is Lee Sung-bin, vice president of Samsung Group, Lee Sung-bin is a side branch of Samsung's Lee family, and it can also be said to be Lee Kun-hee's nephew in terms of blood relationship. Because of this reason, Lee Sung-bin won the trust of Lee Kun-hee, and this person has good ability, and after more than 20 years in the Samsung Group, he was promoted to the core level step by step and became the vice president in charge of finance.

Seeing Lee Kun-hee pointing at himself and asking, Lee Sung-bin knew in his heart that he couldn't hide. Others can pretend not to know, but he can't, after all, the money is the company's account, and the finances are his responsibility, and this responsibility cannot be shirked no matter what.

He glanced at Lee Jae-chrom and seemed to be planning to ask him for help, if Lee Jae-chrom could stand up and say a few words for himself, then maybe the situation wouldn't be too bad. But who would have thought that this prince actually deliberately tilted his head to the other side, obviously standing by and watching. Seeing this scene, Li Shengbin's face suddenly turned pale, and a bitter smile appeared on his mouth.

"President, this incident has brought huge losses to the group, and I am responsible, but as the vice president of finance, I have to go through the procedures in accordance with the company's articles of association." In my heart, anyway, this matter is already like this, whether it is hated by Lee Jae-chrome or removed by Lee Kun-hee on the spot, there is always no good result for him. Instead of this, it is better to tell the truth in a real way, at least to return one's innocence.

"Charter? Do you still know the Articles of Association? Li Jianxi scolded: "The loss of 300 million US dollars is such a large amount of money transfer, why do I, the president, not know anything about it?" And...... And at this time, tell me why you called Lehman Brothers for this money? Could it be that you are taking any benefits from the other party? ”

"Absolutely not" Li Shengbin's pale face turned red with anger, and he flatly denied it: "As an employee of Samsung, I have worked in Samsung Group for nearly 20 years, how can I collude with outsiders to do things that harm Samsung Group?" And as I said, I came to deal with this money in accordance with the charter, and if the president doesn't believe it, I ...... it. ”

"You? You what? Then say" Seeing that Li Shengbin suddenly stopped talking, Li Jianxi's suspicion in his heart was even worse, he sneered and looked at this nephew, but he wanted to hear what he would do next.

The European company was ridiculed around the world for sending $660,000 just hours before Lehman Brothers collapsed. And no one could have imagined that just three days before the collapse of Lehman Brothers, Samsung Group became an even bigger fool and actually remitted a total of $300 million to Lehman Brothers in two installments. If this incident is known to outsiders, not only will the Samsung Group, including him Lee Kun-hee himself, be laughed at as the biggest idiot in the world, but it will also bring great instability and bad influence to the Samsung Group.

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