Our Billion-Worth Twins by Velvet Antler novel Chapter 1360

Chapter 1360

Chapter 1360

Charles was excited all the way, "Mr. Jones, you take over the company right on time! Mr. Mason has changed dramatically lately, and he is very critical of his employees. He has failed several large investment projects, and he has lost a lot of money in the overseas market. If you hadn't taken over the Mason Group, we really didn't know how long the company could survive..."

Trevor's eyebrows jerked, "What did you say? Overseas market?"

Sofia looked at Charles coldly.

Charles's face changed color slightly. Then he pretended to have said something wrong and hurriedly said with a smile, "Ah, you don't know yet? Mr. Jones, please ignore what I have said."

Trevor shouted, "Tell me clearly!"

Charles had no choice but to tell them about the current situation.

The Mason Group was originally short of funds. After Cedrick came back, he invested abroad wantonly, and he competed with Trevor, causing the share price of the Mason Group to fall, so the investors stopped their plan to fund the company.

However, the worst was yet to come.

This year, the main projects of the Mason Group were overseas because the group tried to expand globally, but the financial crisis came, so all these projects went to waste.

Not only that, because the project was suspended halfway, the partners asked the group to compensate them for their huge losses!

The Mason Group had lost a lot of money, so the group was unable to pay the liquidated damages, which was the double amount of the investment...

In order to suppress the news of the failure in the overseas market, the Mason Group chose to temporarily misappropriate domestic funds to pay liquidated damages, which became a case of robbing Peter to pay Paul, and the group owed a lot of money to downstream suppliers.

Trevor asked a group of professional accountants to check the financial situation of the Mason Group in the past two months.

Sofia had worked so hard to get the Mason Group, so she did not believe that the huge group had such a large amount of debt...

Trevor was also worried and checked the accounts with the financial staff in person. He found that the group's overseas projects began to fail as early as a few months ago.

The group allocated a large amount of funding to the overseas market every day.

In other words, the overseas market brought down the whole group!

Every entry in the financial records was so clear that it was impossible to be fabricated!

Sofia's temples were bulging because of anger. The more Trevor looked at the accounts, the more he panicked. The daily outflow of funds from the Mason Group was more than the income of his company in a year!