Chapter 42 Dank's Free Fall
After the results of the police investigation came out, Leopold Demp called Audrey Turnah from abroad.
"Audrey, if you don't resume, this semester will be over soon," Leopold said.
He had been taking classes there for two months, and Audrey Turnah had still shown up.
Leopold was so depressed.
Audrey had postponed her resumption because of Jerry Dank's transfer.
Now that she had postponed it too many times, the school also sent her an ultimatum, limiting her to report within a week, otherwise her admission will be automatically cancelled.
But although her brother had been released from prison, the matter was not fully settled.
The accusations and doubts directed at the Turnah family were piling instead.
The media refused to forgive them, believing that the Turnah family used their connections to exonerate Charles Turnah.
Audrey thought about it, and finally gave up studying abroad.
If she was across the ocean, and something really happened at home, she wouldn't be able to come back in time.
For a long time, there were a bunch of reporters blocking the door of the Turnah Group Building.
Peter Turnah had to reduce his appearances, and Charles Turnah even wore sunglasses and masks to avoid the media at work, like a thief.
Charles Turnah was furious, but there was nothing he could do.
"Let's avoid the limelight for now. The situation will get better," Peter Turnah said and patted his shoulder to comfort him.
Peter Turnah was apprehensive.
How many storms had he seen in the past few decades since he was in charge of Turnah Group?
He had experienced a more dangerous situation than the current situation, not to mention the current situation could not be any worse.
The case had been settled, and no matter how much the media continued to question, it was just irresponsible speculation.
Negative public opinion will pass sooner or later, and the rest just needed to be handed over to time.
The doubts about Charles Turnah had not ceased, and the trial of Henry Dank's case against Peter Turnah had pushed public opinion to a new height.
The result was almost predictable.
Peter Turnah was not responsible for Mrs. Dank's death, as long as the hospital was liable for civil compensation.
However, public opinion refused to let the Turnah family go.
The Turnah family seemed to be roasted repeatedly on the stove. Their stock price fluctuated and fell, and the group suffered heavy losses.
On the other hand, with the help of Henry Dank's chip technology, the Walmade Group was pressing on step by step, and the Baman and other groups, who were originally unevenly matched in the field of mobile phones, instantly became the winner.
Henry Dank had the heart of revenge.
Walmade Group intended to suppress the Turnah family, and the two joined forces to pursue and beat the Turnah family.
In a short period of time, the Turnah family's electronic market shrunk dramatically, and the sales volume had dropped sharply.
Because of this, many partners cancelled their contracts with the Turnah family, and the real estate, medical and other fields also suffered serious setbacks.
The share price of Turnah Group fell to the point where it was impossible to see, and its reputation and status in the country was actually declining.
At this time, the Turnah family could be described as being attacked on both sides.
The dilemma and decline of the Turnah family was irreversible.
But at this juncture, no one expected that the Dank family company would suddenly have a nose dive as well.
Since accepting the huge investment from Walmade Group, the Dank family company was no longer the small company it used to be.
In just a few months, the company had expanded on a large scale.
The number of employees had increased from 20 to 30 to more than 300, and the remuneration had also been greatly improved.
Although the abilities of the newly recruited employees were good, the personalities of some of them were not very good.
A newly recruited business manager was openly passionate with female employees in the office after getting off work. Somehow, a video of this dastardly act was recorded and posted on the Internet, causing a public outcry.
The personal lives of the employees involved were thundering, and this was just the beginning.
With the in-depth investigation of the media, everyone found out that the business model of some salesmen of the Dank family company were illegal, and the Dank family company ushered in a storm of criticism from public opinion.
In order to quell public opinion, Jeremiah Baman transferred a reputable executive from Walmade Group to the Dank's company to assist Henry Dank in management.
But it was too late.
Several batches of large chip orders promised by the Dank Company were unable to be delivered due to an accidental fire in the factory, and they eventually defaulted.
The Dank Company owed hundreds of millions of huge debts.
"Henry, it's not that I don't want to help you, but there's nothing I can do," Jeremiah Baman told Henry Dank.
"In the current situation, if you are the president of Walmade Group, I am afraid that you will take the same approach as I did to survive," Jeremiah Baman added.
The withdrawal of capital from Walmade Group was the last straw that overwhelmed the Dank family company.
Henry Dank begged for help everywhere, but no one could solve his crisis.
The company filed for bankruptcy.
In order to repay the debt, Henry Dank sold several houses and cars under his name, but it was still not enough. It was only a drop in the bucket.
Henry Dank decided to sell his proud mobile phone chip patents to Walmade Group.
However, when he made this decision, he was extremely pained and heartbroken.
Henry Dank was dealing with the relevant bankruptcy procedures in the company, and when he came back, it was already very late.
Henry Dank was sitting on the balcony, looking at the night like a lost soul, his expression was slumped and gray.
He looked at Jerry Dank with red eyes.
"Jerry, I'm so sorry for you," Henry Dank said to his son, Jerry.
At the beginning, Jerry Dank strongly opposed his business decision, persuading him not to accept the investment from the Baman family.
But his father, Henry Dank didn't listen to him.