Chapter 3932
"You! What did you just say?!"
Jordan blacked out and almost fainted at that very second. Fortunately, Jarvis was right beside him. He supported him and pressed on a pressure point on Jordan's hand, allowing Jordan to regain his consciousness.
Immediately after, Jordan demanded furiously, “How can that b*stard call the emergency order? Does he even have the authority?!"
Jace explained with great difficulty, "The Sir has called for a board meeting and presented the complete evidence regarding your funds and transactions at the group's Swiss bank account...”
He told the board that you've deliberately gathered two hundred billion US dollars just for a fabled life elixir..."
"He believed that your current health conditions have affected your sanity, including your rationale. If you continue to be the chairman, it'll cause the group a huge financial loss and pose a big risk to the future operations. As such, they executed the highest emergency order..."
dace continued, "Everyone on the board except me has voted in favor of him. They supported his proposal to initiate the highest emergency order. He was also elected as the group's temporary chairman. His first order was to freeze the twenty billion US dollars funds you had prepared in the Swiss bank..."
dace's explanation led dordan into another emotional collapse.
The emergency order was set up by the Fox Group's board members in order to deal with emergencies.
It was similar to the United State's emergency order. When the president encountered danger, the vice president of the United States could take over the president's role and issue orders on behalf of the president. It was made to deal with the most serious and urgent of emergencies.
However, it wasn't easy for the second-in-command to call for the emergency order. He must gather enough evidence to prove that the company was indeed in a dire straits. He would also need a majority of the board members' approval before executing the emergency order.
Jordan couldn't have imagined that his eldest son, whom he appointed as his successor, would do such a thing. That brat took advantage of his absence to execute the emergency order and seized power in the most innocuous way possible!
Furthermore, his first order after seizing power was to freeze the group's fund in the Swiss Bank, completely cutting him off Jordan's flow of cash and preventing Jordan from purchasing the pill.
Jordan was furious. He regretted his decision to use the corporate account for the auction. He regretted not seeing his son's true colors sooner, and regretted not transferring the funds to purchase the Rejuvenating Pill to his personal account ahead of time.
After all, it was a huge sum of two hundred billion US dollars. According to the United States' tax law, transferring that amount of funds to his personal account first would make him liable for taxes.
According to the United States' tax
law, paying with the corporate
ket
account would allow Jordan to legally avoid personal tax. He could tell the financial offer to record the amount in the operating costs of the
any under another name.
By doing that, he could avoid paying individual taxes. It would also reduce the group's profit, thus effectively reducing the group's tax liability.
In the United States, the rich would
use the company's money for
expenses like buying plane tickets or a car. They would never use their personal account to pay for large expenses, the Rejuvenating Pill for instance.
While Jordan was preparing for the bidding, he instinctively removed this payment method from his considerations.
He wasn't the only one to do so. All the rich participants of this action employed the same method as well, including those who won the bidding earlien They too made their payment using their corporate accounts.
Jordan, who was always careful and covered all his bases, didn't expect that using the corporate account would lead to his biggest risk: the Fox family's emergency order.
His son would become the group's supreme leader once he executed the emergency order, thus gaining enough authority to freeze the group's Swiss bank account.
It was just like the saying, a small leak would sink a great ship.Belongs © to NôvelDrama.Org.
"How can I pay for the Rejuvenating Pill without the money?!"
Jordan clenched his teeth angrily, his hand trembling in rage. He roared, "That b* stard.J B*stard! He wants my life by seizing power at such a time! He doesn't want me to live!"
Everyone in the hall could hear Jordan's angry roar very clearly. They widened their eyes in surprise and burst into hushed murmurs, speculating the cause of Jordan's sudden outrage.
They could tell that Jordan's family had set him up. If he couldn't take out the money, he wouldn't be able to buy the pill!
Bernard was excited once again, having risen from the ashes. His hopes renewed, he saw that he had another chance to win the pill.