Chapter 1825 - Wen Corporation Is In Chaos
Chapter 1825: Wen Corporation Is In Chaos
The news of the Wen Corporation being caught up in allegations of money laundering and Old Mr. Wen being detained in the police station to assist in investigations was exposed by the media. This news was like a huge bomb dropped onto the people.
The upper-class society was in a huge commotion. Most of them could not believe the news and thought that the decisive and bold Old Mr. Wen would never do things that were illegal.
Of course, there was also a group of people who were enjoying watching their downfall. They wanted to take the opportunity to kick the Wen Corporation while they were down.
The most shocking thing to the public was that in all these years, the reputable Wen Corporation with high-quality goods was actually a farce. They were actually caught up in illegal dealings behind everybody’s back. For a period, everybody was utterly disappointed in the Wen Corporation.
Investors frenziedly sold their stocks of the company. Wen Corporation’s stock value had just recovered and it was now falling again. The company was suffering a great loss, and their stocks were about to collapse.
As for the internal affairs of the Wen Corporation, since Old Mr. Wen was detained, they had lost their backbone. Without their strong support and core, the company was in chaos.
Even though Old Mr. Wen passed on the management rights to his granddaughter, Wen Xinya, to preside over the situation, they were unable to stabilize the company or regain the trust of the people.
The car slowly drove to the entrance of the Wen Corporation. The group of reporters with voice recorders, cameras, and video cameras instantly rushed over.
Sun Yichen’s expression dimmed. “Missy, what should we do?”
The reporters were aggressive. If they were to be caught, there would be no way of escaping.
Wen Xinya took in a deep breath and said, “Get the security guards over.”
Now that Wen Corporation had fallen once again, they could not let the media step all over them. They had to be tough without hesitation.
Sun Yichen made a call and made the arrangement quickly.
Soon after, around a dozen security guards came rushing over to the reporters with batons. They pushed past the reporters with force and surrounded Wen Xinya’s car, preventing them from closing in.
Wen Xinya calmly ordered. “Stop the car!”
Now that the Wen Corporation was caught up in such a huge incident, it was impossible to avoid the media. Since Grandpa called the police with the conviction to tackle the problem head-on, she had to have the courage to face the media and public as well.
Sun Yichen did not agree. “Missy, we already have this under control. Ignore the media, the shareholders are waiting for you to start the meeting.”
Having the meeting delayed was not a huge deal, but if they were caught up in the reporters, they would have a hard time leaving.
Wen Xinya’s gaze was sharp and her voice was stern. “Stop the car!” Then, she said coldly, “Wen Corporation did not commit any illegal crimes. We do not fear the media.”
Grandpa had personally reported the case to the police and was assisting in the investigations.
They were not criminals. At this moment, all the more they had to explain clearly to the media to prevent others from suspecting the Wen Corporation.
Sun Yichen’s grip on the steering wheel tightened.
Wen Xinya’s glare was sharp light a knife which could cut through people’s hearts. Her voice was stern and authoritative, comparable to that of a veteran in the business.
Frightened by her power, the car slowly came to a stop.
Sun Yichen was the first to get off, and he opened the door for Wen Xinya.
The moment Wen Xinya got out of the car, the reporters went wild. The shutters and flashes went off incessantly, and the scene was noisy.
Wen Xinya was wearing an elegant white suit. The cut was modern, which brought out her beautiful curves. She looked at the watch on her wrist.
“There’s still half an hour to the start of the Wen Corporation’s shareholders meeting. You have 20 minutes to interview me.”
There were many reporters present. With just 20 minutes, it was impossible for all of them to have a chance to speak. Since time was limited, everybody skipped past the redundant questions and went straight to the important ones.
This way, the useless questions which could be disadvantageous to the Wen Corporation were skipped.
“Do you have anything you want to say to the media and public about the allegations on the Wen Corporation laundering money, as well as Old Mr. Wen being detained?”
This was an open question, but it was undeniable that this sort of question was the most crucial that everybody wanted to know.
“First of all, I would like to declare that my grandfather, Wen Zhihang, was the first person to discover that the subsidiary group under Wen Corporation, the entertainment city project, was money laundering, and reported it to the police immediately. At present, the police have already opened a case and set up investigation teams. Wen Corporation will be cooperating with the police and assisting with all investigations until the truth is exposed.”
Wen Xinya crafted her speech well.
Separate companies, entertainment city project, police report, cooperation, exposing the truth…
She did not deliberately distance the Wen Corporation from the money laundering case or shirk any responsibility. Instead, she openly expressed Wen Corporation’s innocence.
When the entertainment city project first started out, there was a huge uproar too. Everybody knew that the entertainment city was an independent company with a separate account and management.
It was no secret that because of the entertainment city project, the father and son in the Wen Family turned away from each other and the father and daughter became enemies.
Wen Corporation took the initiative to report to the police and was assisting the police with their investigations. She had clearly shown their stance and attitude towards this case.
“Second of all, Wen Corporation has been operating in the Capital city for many years and has maintained a high level of credibility and quality, so we are able to withstand this test. This time, the allegations on the Wen Corporation being involved in money laundering has disappointed the public greatly. My grandfather and I made the police report because we are aware of this point. Only by investigating and finding the truth will we be able to regain the trust of the people.”
She did not apologize since even a sincere attitude at this point would be misunderstood by some people. For the Wen Corporation, it would not be a good thing.
As such, she explained the situation with full truth and expressed the Wen Corporation’s stance on the money laundering incident.
“Lastly, the investigation of the Wen Corporation’s suspected money laundering incident will be carried out by the police and the inspectors of Industry and Commerce. During the entire investigation process, the inspectors of Industry and Commerce will be arranging for the media to follow up on it. Please pay attention to the official website of the Wen Corporation and the industry and commerce news for the details.”
Allowing the media to join in the investigations was Wen Xinya’s decision.
This decision was as good as exposing the internal affairs of the Wen Corporation to everybody. Nobody else in the business would be willing to do something like this.
However, Wen Xinya did it.
Not only did she do it, but she also sealed off any retreat route for the Wen Corporation.
Wen Xinya glanced over at all the reporters and continued, “In addition, Wen Corporation has already invited the inspectors of industry and commerce to enter the corporation and interact with the employees. They’ll be deeply situated in the core of the company to investigate and obtain evidence.”