Chapter 057: Losing Money is a Small Matter
That weekend, Qi Yu was invited to Chief Qin’s house for lunch.
Qin Hanyao’s family lived in an ordinary apartment complex in the city center; an apartment with a total of about a hundred square meters. His wife was a full-time housewife, gentle and virtuous. She made all the dishes on the table that day.
Despite being an executive of a listed company, Mr. Qin didn’t live in a villa and didn’t have a housekeeper. This family of three led a simple life and it was such a surprise to Qi Yu.
Qin Hanyao’s son was called Qin Jun. He was 16 years old this year. He was a first year in senior high school in a nearby key middle school. He took after his mother in term of looks.
When he saw Qi Yu, the boy, like many others, let out an exaggerated “wow” and called him a “handsome guy”. Afterwards, he circled around Qi Yu, looking at him inquisitively.
After chatting for a while, the little boy began to call him “Yu Ge”, “Yu Ge”, filled with great admiration; saying that in the future, he would also apply to prestigious foreign schools to study business, and when he does so, he was going to go look for him to play.
From the questions asked by the other party, Qi Yu could tell that this wasn’t’ a child with a merely conceited view of his own abilities. Although he was a little too fond of play, in his bones, he was still eager to learn and advance.
Moreover, that aura of chuuni on the child, made Qi Yu unable but to think of his younger brother, Qi Feng. He had a very good impression of the kid.
Qin Hanyao was very pleased to see that his purpose for inviting Qi Yu over had been achieved. He encouraged his son, “Jun Jun, now do you see what an outstanding person looks like? Your brother Qi Yu is only sophomore this year, but he has already come to the work at the company during his summer vacation. When at work, he does just as good a job as those who have graduated with master’s degrees and have worked for many years. You have to learn from him and not waste time. Only in this way can you make friends as good as Qi Yu in the future.”
Qin Jun: “I know, I know. I’ll work hard.”
Qi Yu could also hear that Qin Hanyao’s words were to pave the way for his son’s future. He expected that Qin Jun really would go to a good school in the future and perform very well. If he ever wishes to work in the Si Yuan Group or even by his side, it would be a lot easier for him compared to others.
But Qi Yu felt a heaviness in his heart, remembering what he has been investigating recently.
A few days ago, the person in charge of the professional investigation team that Qi Yuancheng hired told Qi Yu some information regarding the Ivy Clothing Company — Ivy was established three and a half years ago, right at about the same time that Mei Wei’s financial reports began to reflect changes in their operations. The company’s legal representative and one of its shareholders was Liu Meiling, a 25-year-old woman, who only had a primary school diploma.
We’re sorry for MTLers or people who like using reading mode, but our translations keep getting stolen by aggregators so we’re going to bring back the copy protection. If you need to MTL please retype the gibberish parts.
Qi Yu told Reporter Yang about the situation. Reporter Yang’s people learned through interviews that four years ago, Liu Meiling worked in a dance hall near Jiangning University’s Urban Development College.
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Yesterday, the person in charge told him that they’d managed to find that the person in charge of Ivy’s financial affairs was called Wang Lili, the ‘Wang Jie’ that Tao Tao mentioned. — All the suspicious details were now being stringed together, coming together more and more, completing the information chain.
Although Qi Yu only investigated Qiu Rusong and Liu Qi, he believed that Qin Hanyao was very likely to be involved. After all, the he had the highest management power in the branch. He couldn’t have been completely unaware of the company’s financial problems for the past three years.
Once Qin Hanyao was traced to the problem, he would inevitably faced lawsuits and jail time like Qiu Rusong and the others. When this happens, this originally happy family of three might be destroyed…
After leaving Chief Qin’s home, Qi Yu returned to the hotel, his mind laden with anxiety. He called the person in charge of the investigation team.
The other party’s surname was Gu, Gu Shuo, a well-known private sector crime investigator in the industry. He was also very familiar with the relevant laws.
Qi Yu asked, “Mr. Gu, I would like to ask how many people in the Haicheng branch might be involved in the crime committed by Qiu Rusong?”
Gu Shuo: “Judging from the evidence currently available, Qiu Rusong committed a typical crime of embezzlement. It’s a very serious crime. However, given the positions he and his father hold within Mei Wei, they don’t need to go through a lot of people in order to pull it off.”
Qi Yu remembered Chief Qin’s attitude towards Qiu Mingyang at the meeting. He asked, “Is it likely that Mei Wei’s general manager may be involved?”
Gu Shuo: “Based on similar cases I’ve come into contact with before, it is quite possible that senior executives and that financial officers have accepted bribes from non-state staff, but whether he can be convicted depends on whether evidence of him accepting bribes can be found.”
Thinking of Chief Qin’s son’s young face and Mrs. Qin’s gentle appearance, Qi Yu found himself looking for reasons for the other party to be exonerated. — Was it possible that Chief Qin was completely ignorant of what Qiu Rusong has been doing? Or was he vaguely aware of what Qiu Rusong was doing but had no right to interfere? Maybe he was just a figurehead general manager?
……
Qi Yu struggled with this matter all night, and decided to go to Gu Shuo tomorrow to learn more about the relevant laws.
When he was about to go out the next morning, he was hindered by one thing — Meng Wenhui called him to say that he had made a loss on the money he invested two weeks ago.
“You made a loss?” Qi Yu received the call and thought he had misheard, “How could you have made a loss?”
Although he had learned of the manipulation going on behind this incident, Fu Yansheng clearly told him that the money they invested was likely to be profitable.
Meng Wenhui, dispirited and listless, said, “I just lost. I lost a full hundred thousand.”
Qi Yu was taken aback once again, “You only borrowed 50,000 yuan from me. How could you lose 100,000 yuan?”
Meng Wenhui: “I borrowed some money from my friends abroad, plus the money I brought with me. I invested it all…”
Qi Yu frowned. “How much did you invest in total?”
“A hundred sixty thousand. Now, there’s only sixty thousand left.” Meng Wenhui complained, “Si Hang asked his secretary to bring the money to us. Is this swindler trying to run away? My calls can’t get through.”
Qi Yu did a quick calculation. A hundred and sixty thousand turned to sixty thousand. It was a loss of more than 60%, which was indeed a bit big.
“Wait a minute. I’ll go check the situation.” Qi Yu hung up on Meng Wenhui and called Si Hang, but he too couldn’t get through. He called Xu Yizhou instead and Xu Yizhou answered.
“Secretary Xu, this is Qi Yu,” Qi Yu tried asking in a roundabout way, “Is Si Hang still in the hospital?”
“Oh, Qi Yu,” Xu Yizhou’s voice sounded quite tired, but he was still very polite to Qi Yu. “Si Hang was discharged from the hospital yesterday, are you looking for him?”
Qi Yu paused, and said, “I heard that the stock that Si Hang had previously invested in has lost a lot of money, so I wanted to ask you what’s going on?”
Xu Yizhou sighed and explained, “This matter is a bit complicated. According to Si Hang and the others’ arrangement, it should have been profitable. But I don’t know what has happened behind the scenes, the price of the stock has been falling since last week. They originally wanted to continue to wait and see, but yesterday evening, that stock’s company’s founder was exposed to have been involved in a sex scandal. He was suspected of molesting an underage girl. The stock fell sharply at opening today…”
After listening to the other party’s explanation, Qi Yubai realized that this matter really was an unforseen incidents. It will probably be difficult for this stock to recover.
Xu Yizhou said, “But, as I remember, you didn’t invest, right?”
Qi Yu: En, I didn’t but my friend who came from the US with me, Meng Wenhui, he invested.”
Maybe because Xu Yizhou has had to deal with too many people, he couldn’t remember well at the moment. He asked, “How much did your friend put in?”
Qi Yu: “A hundred sixty thousand.”
Xu Yizhou: “That’s not too bad then. Si Hang and his closest friends, Zhu Lin, Tang Weiye, and the other; the four together put in a total of 2.4 million. This loss has got them all reeling. Si Hang had been discharged from the hospital yesterday and he originally wanted to find some friends to have fun, but when he learned about this this morning, he went directly to his brother to make a an unreasonable scene.”
Qi Yu was puzzled, “What’s he looking for his brother for?”
Xu Yizhou: “Those stock investments were mainly operated by his brother’s side. I don’t know the specific details and Si Hang hadn’t asked me for advice. He just followed his brother to invest. I heard that the losses they suffered there was even more disastrous. Tens of millions dissapeared into thin air in just half a month.”
Qi Yu was shocked. “It’s that serious?”
Xu Yizhou smiled bitterly. “Actually, for Si Hang, losing money is a small matter. It’s the loss of face that actually hurts. That group of friends of his all follow him blindly and it’s because they trusted him that they took out their money to speculate in stocks. Now that this has happened, I’m guess that kid is going to be shutting himself in for a while.”
Qi Yu: “……”
“Sigh, please apologize to your friend for me…” Xu Yizhou said, “Qi Yu, I still have to explain to Si Hang’s high and mighty friends one by one. So I’m afraid I’ll have to cut our conversation short. Call me again if you there’s something the matter.”
Qi Yu: “You’ve worked hard…”
As if we didn’t see that coming … if it’s too good to be true it probably is
It definitely is.
Losing face is more important lol I’ll never understand the rich
Thanks for the chapter 😊
a 100k is nothing 😐 i could pay two yr of college fee with that…
the world of the rich is a weird place
thank you for the chapter ❣️
poor xu yizhou, just quit and work with someone who deserves your skills
+1 ╥﹏╥
Thanks for the chapter (^^)
ahh… i really pity secretary xu… such a qualified person working in such terrible conditions
I don’t really pity him, remember he’s an undercover agent? A really deep cover. A way overqualified person working as a secretary for little or nothing (in their words) and for a person with no emotional ties whatsoever, there no such good thing.
thanks for the chapter!