Forced to Marry the Sickly Billionaire
Chapter 253: Summers Group Announces Bankruptcy

Chapter 253: Chapter 253: Summers Group Announces Bankruptcy

He had always been reluctant to spend money, so the Summers Group was not doing well under his management.

Otherwise, it wouldn’t have been on the brink of bankruptcy a few months ago.

He silently sighed in his heart, realizing that times had indeed changed and that he had been too set in his ways.

This incident gave him new ideas; such trending events should happen more frequently in the future.

He immediately instructed the planning department to arrange for it, starting to fantasize about the day the Summers Group could stand shoulder to shoulder with the two giants in S city, and he could hardly contain his excitement.

The assistant called in a hurry, saying, "President Summers, we’re running out of stock!"

Henry Summers’s hands trembled with excitement; in these past few days, they had sold more products than they had in several years combined.

Indeed, he wasn’t bad at business; he was just lacking an opportunity.

Look, wasn’t the opportunity here now? He waved his hand and ordered the assistant, "Keep selling, if we don’t take advantage of the popularity now, who will know our products once it fades?"

"But, this is too risky. President Summers, do you want to think it over?"

Henry Summers: "No need to think, just do as I say! Stop with the nonsense, do you still want to work at the company?"

The assistant was chastised and dared not say another word.

Netizens were so keen to buy because many videos only showed a snippet.

Everyone was moved by the father-daughter affection Henry Summers displayed towards Grace Summers, and with marketers setting the rhythm, saying that with the character of President Summers, Summers’ products couldn’t possibly be bad.

Hence, netizens flocked to various stores to make purchases.

The Summers’ company wasn’t very large, and had even faced near bankruptcy.

But in the mouths of netizens, it became a company that almost went bankrupt because it was too conscientious to afford marketing expenses.

Even when some people raised doubts, they were quickly overwhelmed by the praise of the hired commenters. Public opinion took a sudden turn for the worse.

A lot of scandals about the Summers Group started to emerge.

He was accused of tax evasion, transferring assets...

Negative news about the use of substandard materials in construction materials that were suddenly collapsing flooded the media.

Foods were also exposed to have excessive harmful components, which could cause liver dysfunction and other diseases if consumed for a long period.

The overall scale of the Summers Group wasn’t very large, but it had its hands in many industries.

So when the problem arose, it was like a chain reaction.

Almost all of the products under Summers were found to have various issues.

Orders for returns flooded in, and both physical stores and online shops were thrown into chaos. Soon, officials from the Bureau of Industry and Commerce came knocking.

They had the proper documents and demanded to see Henry Summers.

At that moment, Henry Summers was busy and distraught; Summers Group’s stocks had plummeted, they were out of product inventory, and their online shops were selling normally.

Now, many orders were demanding refunds, but Summers simply didn’t have the money.

Upon inspection, the Summers Group had long been in dire straits, and Henry Summers was also suspected of tax fraud, with the company’s accounts being tampered with.

Investigations revealed that over the years, Henry Summers had been secretly transferring assets to accounts in Switzerland, and the trail of the money ended up unknown, transferred somewhere elusive.

Each transfer wasn’t very large, but over twenty years it added up to a significant amount.

Soon, Henry Summers was taken away for investigation.

Within a few days, the Summers Group declared bankruptcy, everything happened so fast that no one had time to react, leaving the shareholders to run to Marcus Summers’ company to make a fuss.

The Black Ink Corporation was also affected by the Summers’ ordeal, it was struggling by itself and couldn’t spare any money.

Marcus Summers was also incredibly busy.

He never dreamt that his own father could do such a thing. A few months ago when the Summers Group was on the verge of bankruptcy, Henry Summers explained it as a trap set by a rival company.

But now, it was clear it wasn’t the case. Without the Shaw Family’s investment, the Summers Group would have gone bankrupt long ago, not surviving till now.

When Declan Summers and Evan Summers received the news, one was filming, and the other was in class at school.

The news of the Summers Family had already spread throughout the school. Evan couldn’t possibly not know, but he simply couldn’t be bothered to care.

Ever since he’d seen his parents for who they really were, he no longer cared to go home. The sight of Grace would just make his blood pressure soar uncontrollably.

He feared he might die of anger at a young age.

He had also heard the news of Grace being detained, and if it had happened before, he would have been just as anxious as Mrs. Summers, frantically looking for a solution.

But at this moment, hearing the news did not stir a single ripple within him.

Now, he only had one thought: to study hard and become a person talented enough.

There’s no helping it; the people around Serena were all too excellent and outstanding.

With Lucas Shaw before, Edward Selwyn after, followed by Vincent Carter and Julian Lane.

He was simply too insignificant among them; he had to become stronger no matter what.

Only strong enough could he be worthy of being Serena’s brother.

Declan had the same thought.

The news about the Summers Family was everywhere; they simply blocked all social media accounts, focusing solely on work and study.

Mrs. Summers was almost driven insane at home, constantly calling them, but to no avail.

After several days, Henry Summers finally got out and returned home in a disheveled state.

He had aged considerably in just a few days, with unkempt hair and beard, looking very unpolished.

Mrs. Summers was excited to see him return, "Henry, you’re finally back? How did it go? Did the investigation results come out?"

Henry Summers shook his head with a bitter smile and slumped into the living room sofa, "The Summers is truly finished this time, what should we do? What should I do?"

Seeing her husband so distressed, Mrs. Summers immediately felt sympathetic, "Don’t panic just yet, there’s always a solution. By the way, they say you transferred assets; is that true? Why did you do that?"

"I..." Henry Summers was at a loss for words, his eyes flickering, unsure how to respond.

This matter was a secret he had hidden in his heart for years and he hadn’t expected it to be exposed this time.

But no matter what, he had to stabilize Jeanette first, because behind her was the Lane Family.

"Jeanette, don’t you believe me too? After all the years we’ve been married, don’t you know my character? How could I possibly do such a thing?" Henry Summers held Mrs. Summers’ hand and gazed at her affectionately.

"But..." Mrs. Summers looked hesitant, wanting to ask more, but was swayed by Henry Summers.

"If the Summers had truly gone bankrupt and I really had money, why wouldn’t I take it out? You know that the Summers Group is my life’s work."

Mrs. Summers believed Henry’s words and turned to comfort him by patting his back.

"By the way, did you get in touch with the Lane Family? What did Julian say?" Henry Summers looked at Mrs. Summers with anticipation.

After all, Mrs. Summers was the only daughter of the Lane Family; they couldn’t entirely ignore the situation.

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