The First Heir

Chapter 247

Bob sneered reflexively when he heard Philip’s words.

Was he joking?

Ten minutes and the Yates family will go bankrupt?

“Philip, do you know the value of the assets the Yates have? Two billion!”

Bob laughed coldly, his eyes full of contempt for Philip. “Do you really think you can make the Yates family go bankrupt with just one phone call? You’re too naïve.”

Bob shook his head and suddenly felt that all his worries had been for nothing.

Philip was just a little good at fighting. How could he really have the means to make someone go bankrupt just like that?

Was he becoming senile?

He was actually scared by that wretch.

However.

Philip smiled placidly and said, “Since you don’t believe me, let’s do it this way. We’ll start with Samson Yates. He’s Eric’s father, so he has failed in his responsibilities as a father to teach Eric well.”

After saying that, Philip called George Thomas again. “The plan has changed. I want the Yates’’ properties to go bankrupt one by one, starting with Samson Yates’.”

On the other end of the line, George replied respectfully, “Yes, Young Master, please wait for a moment while I handle it.”

After the call disconnected, the room fell silent again.

Bob could not understand why Philip spoke with such confidence.

Well, he would wait and see.

At this time, Samson was in his office. He had gotten in touch with a few top-notched hooligans in Riverdale. He wanted to teach Philip a lesson that he would never forget for the rest of his life.

“Remember, I want him crippled, not dead,” Samson said ominously.

They each took Samson’s money one by one and said with a smile, “Don’t worry, Mr. Yates. We’ve worked together for many years. We won’t disappoint you.”

Samson nodded, his eyelids jumping madly.

All of a sudden, a flustered female secretary barged in and shouted, “Mr. Yates, something has happened! Our traders overseas have suddenly cut off all supply. Eight domestic branch companies have also received notifications from their suppliers that all supplies will be halted. Furthermore, they have received notices from the tax department saying that there is a problem with our taxation. The company is now suspended, and all financial and accounting books have retained by the tax department!”

The female secretary was rather agitated. All of a sudden, the company was facing so many major incidents!

Each one was enough to make Seafare Trading go bankrupt!

Samson flinched.

“What? Say it clearly, why was the supply cut off without any prior warning? Hasn’t our finance team been doing a good job all this while? Why are we under investigation all of a sudden?” Samson started to panic.

Which company had no financial problems?

If they were exposed, Samson would be put in jail for at least ten years!

“Boss, we don’t know either. We heard that it was an anonymous report,” the female secretary replied nervously.

An anonymous report?

Samson stood up. Big drops of sweat were dripping from his forehead as he slammed the table. “It should be okay. Our books are very detailed and there shouldn’t be any problems. Now, the problem is with the foreign and domestic suppliers. Why did they cut off the supply?” NôvelDrama.Org content.

What a joke.

The Seafare Trading Company was a trading company, and a foreign one at that!

With their suppliers no longer willing to send them supplies, Samson would have to fork out a huge sum of money to find new suppliers. It was a matter of both time and money.

The female secretary hesitated for a long while before saying, “They said they found a new trading partner that offered to pay half our price.”

“What? Half? Isn’t that equivalent to no profit at all?” Samson was shocked.

At half the price, there was no profit to be made at all.

Therefore, he was very sure that it was a competitor!

At this moment, Samson was in a state of confusion as he hurriedly said, “Hurry up and find out who contacted those suppliers. I must find out! I want to see who dares mess around with Samson Yates!”

The secretary left, and only Samson and the few hooligans remained in the huge conference room.

Nevertheless, the hooligans knew that Samson was facing a business crisis now, so they left quickly as well.

Right then, before Samson could take a breather, the female secretary from before ran into the room once again. Her expression this time was highly unsettled.

“What now? Speak slowly!” Samson could tell that something else had happened.

“Boss, our downstream channel distributors are requesting returns and refunds!” The secretary gulped.

“All? Returns and refunds?”

Samson was flabbergasted, and his breathing became rapid. Additionally, his face turned red!

If all the goods were returned, and the money was refunded, Seafare Trading would go bankrupt!

Assets worth a total of one billion!

Ruined just like that?

“Get someone to suppress it! A return and refund cannot happen!” Samson said menacingly.

The secretary said as she cried, “We can’t do that, Boss. They have already blocked the doors of all the branches and are demanding we do so. There are problems with our goods, all of which are fakes. The Bureau of Industry and Commerce is already investigating the matter.”

Crack!

Samson’s heart shattered into pieces.

“Fakes? How could that be?” Samson was in a complete panic now. If the issue was investigated, not only would he go bankrupt, but he would end up in jail!

The secretary cried. “I don’t know. The people from the Tax Department and the Bureau of Industry and Commerce are downstairs. They want to see you. The security stopped them at the door.”

Samson collapsed in his chair. He could only stare at the chandelier on the ceiling with his dull eyes.

They had come so soon.

He did not even know where the fakes had come from.