Chapter 1536 - Mo Xicheng Reinstated (9)
Chapter 1536: Mo Xicheng Reinstated (9)
Director Wang eventually received a transfer from Shen Liangchuan, hence the matter became less of an urgency.
However, Mo Xicheng was furious.
He had always been aware that Mo Zhi committed all sorts of outrageous acts in the company. As a result, there was a group of senior management staff who did not condone his behavior. But he had not realized how bad things were.
Now he finally understood how unrestrained Mo Zhi was with corruption.
He had siphoned off all of the company’s circulating capital to make personal investments in stocks and shares, and then he had shifted the resources among existing projects as a cover-up.
He knew what it was all about. The man had taken company funds to invest and in the end, he would return the money to the company and keep the profits from the investments.
But even then, what if the company needed funds urgently?
Or what if his investment made huge losses?!
Mo Xicheng frowned at the thought of this and clenched his fists tightly.
He contemplated it for a moment, picked up the phone and called the finance department. “I saw that Team 2 has a project that’s about to finish. When is payment coming in?”
Manager Liu of the finance department replied, “We’re expecting it any day now.”
Mo Xicheng nodded and instructed, “Very well. When the funds come in, remember to inform me.”
“Roger.”
–
Two days later.
Mo Zhi hurried to the finance department the moment he got to work.
When he saw Manager Liu, he ordered, “I’ve got a construction team that needs to be paid their wages right away. There is also payment for some materials that we need to settle with them. Let me have the money that has just come in.”
Would Manager Liu dare to say no to his boss?
He looked at Mo Zhi as though he wanted to say something, but no words came, “I—”
Mo Zhi hollered angrily at once, “What now? You won’t obey me anymore? Or have you shifted your loyalty to the new CEO Mo?”
Manager Liu was in a conundrum now and said, “CEO Mo, the construction project team’s wages and that outstanding payment are not terribly urgent, whereas Director Wang is waiting to start work. Would you—”
Manager Liu had been working for the company for many years. In the past, when CEO Mo acted outrageously, he had only been able to watch quietly.
But now after what Mo Xicheng had done yesterday, in addition to how the two had been trying to outwit each other recently, Manager Liu suddenly felt it was time that he spoke up for what was right.
The contract terms for Mo Zhi’s project stated that the payment had to be fulfilled within the month.
Initially, the company’s circulating capital on top of the funds that had come in would have been enough to cover two projects.
But now they no longer had the circulating capital, hence the company funds could only cover one project.
Although Mo Zhi’s project had started before Mo Xicheng’s, it was only the beginning of the month. According to the contract, they had 30 days to make the payment, so they could actually delay it till the end of the month.
At that point, there would be another lot of funds coming in from a different project, and this would cover for the lack of circulating capital.
This was why Manager Liu felt compelled to speak up and ask Mo Zhi to wait till the end of the month to make those payments. It would solve their problems.
However before he could even finish what he wanted to say, Mo Zhi interrupted him angrily, “Are you the boss or am I? Don’t you know the name of this company? Let me remind you, this is the Mo family business.”
Manager Liu furrowed his brow and then said, “Junior CEO Mo asked us to send the money this morning as well, I—”
At this point, Mo Zhi’s cell phone rang.
He lowered his head and glanced at his phone screen. Then looking up again, he waved off Manger Liu and walked to the side to pick up his call.
Immediately, Yao Lili spoke on the other end of the line, “Mo Zhi, have you got the money? The shares have gone up to $6.50! If we had bought them two days ago, we would have recovered some of that loss. When is your money coming in exactly?! The stock market will not wait for us.”