Shadow Empire

Chapter 403: On the Brink of Bankruptcy [666+6]
Mr. Jobaf once laughed at the gamblers.

He laughed at these gamblers for not knowing how to restrain their desires. Even though they knew they would lose in the end, they still kept throwing the chips on the table.

It was not until they found that they could no longer afford a single chip that they suddenly realized that they had lost everything they once had.

In fact, he is the same now. He has also become a gambler, but he is different from those low-level gamblers who play money games.

He was more advanced. He sat at another more advanced gambling table, playing a more advanced game about wealth, status, and power.

But no matter whether the gambling table is high-level or low-level, its core is always the same, it requires investment, and you will lose!
As he invested more and more money, it became increasingly difficult for him to turn back.

It was not until this moment that he suddenly woke up and remembered that this game required betting.

The assistant was silent for a while. "Assuming they all cash out, we still have a deficit of two million."

He did not directly tell Mr. Jobaf how much money he had left, which shows that he had actually used up all his own money and had also misappropriated some of the depositors' money.

When Mr. Jobaf heard this number, both of his hands began to tremble. A huge fear enveloped him. He tried to open the cigarette box, but failed after two attempts.

His hands are shaking so badly!
The assistant helped him open the cigarette box, and he took one of the cigarettes. After trying several times, he finally managed to bite the cigarette holder with his mouth.

The assistant took the initiative to light his cigarette with a lighter, as his hands could not do anything now.

Nicotine did have some soothing effect. Although his hands were still shaking, they were not shaking as violently.

"How could the loss be so huge?" he asked softly in disbelief.

It may be asking about the origin of this number, or it may be asking oneself.

The assistant handed over a document. "Since you met the mayor, he has taken more than 1.3 million from you on several projects. Polly and his team also blackmailed us. Then..."

He took a look and said, "We lost Arthur Williams' wine. After the mayor took the lead in mediating, you compensated Arthur half a million."

"In addition to these relatively large expenses, you also spent about 400,000 yuan on social events accompanying the mayor."

"These included numerous parties organised by you and the sending of gifts to the capital."

"Then we have been replenishing our cash by trading bonds, which has also caused us to lose a lot of money."

"Finally, there's your campaign team, which spends around 20,000 to 30,000 per month. Together with all the campaign activities, the total expenditure is around 450,000."

"Here's a list, and there are some small, fragmentary records that I didn't mention, but the total is about three million."

His own wealth was only over one million, but before he came into contact with the mayor and started dreaming of becoming an upper-class person.

His financial situation was very healthy. Although he sometimes had to face some blackmail, the amount he spent on blackmail was at most tens of thousands of yuan in three to five months.

But since he met the mayor, he seemed to be brainwashed and began to sprint madly towards that unrealistic goal and dream.

No, it wasn't brainwashing. When the goal he had longed for appeared in front of him, he couldn't wait to pounce on it. No one brainwashed him.

It's like a person who has been in pain for a long time sees a painkiller and he will give everything for it!
His hands were still shaking slightly. He opened his mouth and exhaled a thick cloud of smoke. "That is to say... after I cash out all the money in the bank..."

The assistant continued, "Yes, I have made it very clear just now, you are going to go bankrupt if you can't stop them from continuing to run the bank!"

The assistant smiled an indescribable smile, which flashed away. "In fact, even if they don't squeeze us, it will be difficult for us to continue, sir."

"It is difficult for us to make up for the losses in a short period of time with the remaining money we have."

He paused as he spoke, giving Mr. Jobaf time to accept the process.

After about two minutes, he took out an envelope from his pocket and handed it over.

Mr. Jobaf's eyes rolled slightly, staring at the envelope on the table, "What bad news is this?"

The assistant sighed softly, "My resignation letter."

Mr. Jobaf blinked and didn't react at first. After a while, he looked at him in disbelief, "Now...are you going to leave me too?"

The assistant's expression was very calm, but the calmness at this moment was actually a kind of indifference.

"The child has grown up. I plan to take him to live somewhere else, otherwise he will always miss his father."

"Maybe this can help him get over the pain of losing his father, change his environment, change his life."

"He does, I do, we all do."

Mr. Jobaf clenched his fists tightly together, "Can I...keep you here?"

He spoke very carefully, he almost never talked to others like this, he really needed an assistant by his side now, he also wanted to struggle and give it a try!
The assistant shook his head. "The boat tickets have been bought. I'm sorry that this happened at this time, but some things cannot be changed." He stood up and said, "I will miss the days when we worked together. You will always be in my memory!"

He bowed slightly and strode away.

Mr. Jobaf has completely lost his ability to think as he looks at his background, the departure of his most important assistant, the huge deficit, the failure of the mayor, and the hopelessness of the election. All of this has made him breathless.

He just sat slumped in the office, thinking about nothing and not wanting to ask anything.

He didn't know how long it had been, but the phone in front of him suddenly rang violently. He picked it up numbly without saying anything.

"Is it the president?"

"We are running low on cash now and if ... we don't provide funds quickly, there is a high chance that we will not be able to honour depositors' withdrawal requests."

Mr. Jobaf hung up the phone and patted his cheek, “I’ll go take care of it.”

He then went to the vault, picked out a few valuable antiques, and looked for a place to cash them in.

Although gold is also easy to get, it has other uses. When necessary, you can take out the gold and hold on for a while.

In fact, the reason why people are asking to withdraw cash now is also related to the mayor being abandoned.

As everyone knows, Mr. Jobaf has been very close to the mayor over the past six months and has invested in many projects.

According to some rumors, he almost became the mayor's money bag, constantly taking out money.

If the mayor remains strong, no one will think there is anything wrong.

It is actually not difficult for a city councilor to make money.

But the problem is that the mayor is finished, and it is inevitable that some people will talk about Mr. Jobaf's experience with gloating.

But as they talked, the expressions of these people changed. If Mr. Jobaf got into trouble, then would those depositors be better off?

There was no doubt about this, so the first group of people who realized this problem went to withdraw their money. After they took the money out, they couldn't help but tell people close to them.

So “don’t tell others” became “don’t not tell others”, and a new round of bank runs was born!

They have been dealing with the problem of bank runs for the past six months. Every once in a while, someone would systematically withdraw money. Sometimes he even suspected that these were all Lance's tricks!

But now he didn't have time to think so much. He took the antiques directly to the bank, hoping to get a loan with them.

Deal with the current bad situation first, and then consider subsequent issues.

As for assistants resigning or something like that?
He can't care anymore!
If the bank really goes bankrupt, then he will be dead!

The only ones who could provide him with large loans now were the banks and the gangs. He knew that if he went to Lance at this time, he might be able to borrow money, but for some reason, he didn't want to go to Lance.

Even though he knew that the bank would not give him that much of a loan and would severely lower the price, he didn't want to go to Lance.

The more successful Lance is, the more he appears to be a failure!
As a well-known immigrant banker in Jingang City, Mr. Jobaf easily got a loan from the bank. Of course, the amount he got was only 40% of the antiques he mortgaged.

If he didn't have some connections and relationships, the bank would have even planned to lower the price to 30%.

In fact, everyone knew that he might not be able to hold on any longer, but he himself was the only one who didn't realize it.

Soon Lance also heard the news. Jonathan (the bank's vice president) told him that he heard that Mr. Jobaf had borrowed a large sum of money from his peers, and that there might be problems with Jinda Bank's cash flow.

He reminded Lance that if he had related business in Jinda Bank, he should clear it up as soon as possible.

Lance was a little surprised to hear the news, but he also felt it made sense.

He would not be surprised at all that such speculation had such a result. The risks were great, but the returns were equally great.

If the mayor wins, the assets he invests now will come back to him many times over.

But he lost, that's all.

After Lance hung up the phone, he called Morris over and asked, "Do you think there is anything at Jobaf that would be valuable to us?"

Morris sat in a wheelchair, his legs covered with a blanket, "What happened to Mr. Jobaf?"

Lance curled his lips, "He's going bankrupt. Before he goes bankrupt, maybe we can get something valuable from him."

Morris was an "old Empire guy," he thought for a moment, then said, "He had a big house..."

(End of this chapter)