Novel Square
Chapter 1483
Chapter 1483 About to Meet Their End
Although Kenton wanted to keep the company's financial shortfall a secret, Wynter naturally wouldn't allow it.
News about Wray Group spread like wildfire the moment Wynter gave the order.
"Unpaid Wages", "Mass Layoffs", and "Subsidiaries Poor Performance" were trending topics that hit Wray Group like a sledgehammer.
Of course, no matter how intense the public outcry, it could eventually weather the storm and resolve its current crisis if a company could still make money and pay its taxes.
However, a quick search on some corporate databases revealed that several of Wray Group's subsidiaries were already in the process of being closed down. It was clear that Wray Group had much more serious issues brewing beneath the surface.
The banks were the first to come knocking at Kenton's door. For a businessman like Kenton, it was usually the banks' branch managers who would contact him directly.
"Mr. Creed, those rumors are baseless. People can believe what they want, but I didn't expect you to fall for it." Kenton was obviously not going to reveal the full extent of his troubles.
He continued smoothly, 'You know better than anyone how many assets the Wray family has. Sure, I might have acquired a bad plot of land, but it's no big deal for me."
Dravon Creed understood exactly what Kenton was implying, but the new loan approvals still had to go through him.
"Mr. Wray, it's not that I don't trust you, but the current market conditions are complicated. As for the matter you asked me to handle, I'll need some more time."
"Fair enough. It's understandable that you don't approve the loan," Kenton replied calmly, though his hand tightened into a fist.
All four banks he was well-connected with had called to ask him the same questions regarding the rumors. What Kenton needed most was immediate funds to keep his operations afloat. Yet, at this crucial moment, none of them were willing to extend any help. Worse still, one of the banks had already started pressing him for overdue interest payments
As Adrien entered with reports, Kenton erupted in a furious rage. He was so loud that it was no longer a secret within the company.
Employees throughout Wray Group whispered among themselves.
"Did you see the news? It looks like our company will be collapsing soon. No one knows where all the money went. It's baffling!"
"I know, right? How does a company this big suddenly run out of funds? And I also heard we owe a lot of money outside!"
"What? What about our salaries? The secretary told us the finance department is on vacation. That is such a blatant lie! Are they treating us like children?"
Adrien's eyes darkened upon hearing this, and he slammed his hand on the desk.
"Things aren't what you think! Mr. Tucker from the finance department had some family emergency, and we're working hard to get him back so we can process your salaries.
"As for those construction workers downstairs, they're just trying to scam us! They even smashed our building's glass! Just focus on your work. Mr. Tucker will be back in two days to settle everything.
"And stop spreading rumors. Don't you know how much fake news is going around online right now..."
Before Adrien could finish speaking, a voice said from behind him, "What do you mean the company's money was all thrown into the stock market?'
Adrien panicked at the mention of the stock market.
He looked toward the voice's direction. It was an ordinary employee, who stood up from his desk with wide eyes that were filled with disbelief
He was just the first. Then came the second, and the third....
News about their own company was being pushed to their computers in real-time.
If the earlier scandals could be dismissed as typical bad press, this was different. The revelation that their CEO had poured all the company's liquid assets into the stock market-and lost them-shocked everyone!Property © of NôvelDrama.Org.