Qi Xingchen was stunned for a moment before he realized that Grandpa Qi must have been summoned to the CSRC to cooperate with the investigation.
As the chairman of a listed company, there was a risk of being summoned for questioning. If it was only because of this, Qi Yuji would not panic.
Things must be more serious than he thought.
Unable to get anything out of him over the phone, Qi Xingchen comforted his sister and quickly asked for leave from Director Zheng. The exposure of the smurf account had created a wave of popularity for Red Sun. Director Zheng was happy and immediately promised, "You can go anywhere you want. Just be back in half a month. I'll shoot the supporting roles and the female lead's scenes first."
Who would have thought that his prophecy would come true? Qi Xingchen really did leave for half a month.
The situation at home was urgent. He did not have time to take his things and hurried to the airport. It was almost dawn when he arrived home. The huge living room was empty except for Qi Yuji, who was curled up in the corner of the sofa with a shawl. Her eyes were closed, but her eyebrows were tightly knitted together. Even when she was sleeping, she was very restless.
Qi Xingchen took off his coat and gently put it on his sister. Just as he took out his phone and was about to call his brother, his arm was held by a cold hand.
"Xing Xing, you're back. Why didn't you call your sister?"
Qi Xingchen held her hand. "I just arrived. Have you been waiting here for the whole night?"
"Yes." Qi Yuji sat up and tidied her messy hair. "I can't sleep if you and my brother don't come back."
Brother … Qi Xingchen frowned. "Was my brother called away too?"
"No, he went to ask about dad. Actually, if it wasn't for him not replying, I wouldn't have asked you to come back. "
Qi Yuji had a little contact with the business of the company, but she did not know about the upper management. The two pillars of the family were not by her side, so she could only ask her brother to come back.
Seeing his sister's pale face, Qi Xingchen patted her back and got up to get a cup of hot water. "Don't say that. I'm also a member of the Qi family. Tell me about Dad's situation."
Qi Yuji took the water and held it in her hand. "A few days ago, some investors and the CSRC reported that the Qi Corporation was maliciously short-selling and releasing false information. After we heard the news, we immediately prepared the information to deal with the investigation. Who knew that after the people from the Securities Regulatory Commission came, they didn't even check and directly took Dad away … The law enforcement officers of the Ministry of Public Security came along with them. "
Public security department …
Did they file a case?
Short-selling refers to the behavior of stock holders who expect the market to fall in the future and sell the stocks they currently hold. They wait for the market to fall and then buy the stocks again to earn profit from the price difference. Malicious short-selling generally refers to the manipulation of the market by fabricating and spreading false information to expand bearish expectations.
The only difference between short-selling and malicious short-selling was "malicious". To determine whether it constituted malicious short-selling, one had to determine the purpose of the short-seller.
But how do you determine the purpose of the person who is doing this? When there was evidence of fabricated information, it could be determined. When there was no evidence, it could only depend on the thoughts of the investigator.
Qi Xingchen asked again, "What time was Dad taken away?"
"Five o 'clock last night, before work ended." Nearly twelve hours had passed since then.
Generally, a formal interrogation would be released in an hour or two. Grandpa Qi had been locked up for an entire night. Obviously, the other party had already suspected that the Qi Corporation was maliciously short-selling.
Qi Xingchen's heart immediately tightened. Grandpa Qi was old, and since the fire, he had suffered from a severe nervous breakdown. He couldn't sleep well at night, let alone in the cold interrogation room.
No wonder Qi Yunxiao went out overnight to inquire about the news.
With Qi Yunxiao's ability, it wouldn't be a problem for him to ask about the situation at the Securities Regulatory Commission. Qi Xingchen helped Qi Yuji up. "Sister, go back to your room and sleep for a while. I'll contact the Public Security Bureau to find out about the current situation."
Qi Yuji shook her head. "I can't sleep until Dad comes back."
"If Dad is fine, it's not worth it to make you sick."
"It's okay." Qi Yuji walked to the side. "You contact the Public Security Bureau. I'll try contacting my friend at the Shenzhen Stock Exchange."
In that case, Qi Xingchen didn't force her to rest. The two of them split up to make calls. However, the strange thing was that Chief Jiang, who had been answering his calls instantly, couldn't get through to him.
He dialed a few more times, but he still couldn't get through.
Perhaps it was too early to sleep. Qi Xingchen rubbed his temples.
.
Like Qi Xingchen, Qi Yuji's phone had been turned off. Unable to get any information, the two of them could only sit back on the sofa and wait anxiously for news from their brother.
At ten o 'clock in the morning, Qi Yunxiao finally returned. Qi Xingchen and Qi Yuji looked behind him —
There was no sign of Grandpa Qi.
"Brother." Qi Xingchen's heart sank. "Is Dad still locked up?"
"Xing Xing, why are you back?" Qi Yunxiao looked slightly tired. "Did Yuji ask you to come back?"
"Fortunately, Sister told me. Otherwise, I wouldn't have known … Brother, what's the situation with Dad?"
"It's a long story." Qi Yunxiao took off his suit and took a deep breath. "I said that I wanted to go in and see Dad, but the staff in charge of contacting him kept finding all kinds of reasons to not let me in. I wanted to ask what was going on, but the other party kept finding excuses. I didn't see Dad until I came back. "
As the industry leader and the largest company in H Province, the Qi Group had to provide a lot of manpower and material resources for the construction of H Province every year. They had also donated money to build a few schools. The airport, square, and other buildings in H City were named after the Qi Group. It could be said that the Qi Group had maintained a good relationship with the local agencies over the years. If there was anything they needed help with, as long as it didn't violate the law, the agencies were willing to lend a helping hand.
But now, she couldn't even look at Old Master Qi. It was really strange and hard to explain in a few words.
Qi Yuji's face turned pale when she heard this. Qi Xingchen thought for a moment and stood up.
Seeing his actions, Qi Yuji asked, "Xing Xing, where are you going?!"
"There's something wrong with this matter. I'm going to the Public Security Bureau."
He was going to ask the bureau chief and find Xu Changlin quickly. The two incidents happened very close to each other, so they might be related.
However, Qi Yunxiao said, "Don't go out yet."
Qi Xingchen stopped in his tracks.
"The photos of Dad being taken away have been released. Since last night, people have been spreading the news that the Qi Group is under investigation on the media and public platforms. When I came back just now, there was a large group of reporters behind me. They should still be waiting outside. You should go later. "
Qi Xingchen could only turn around and call Chief Jiang while observing TV, Weibo, Zhihu, Toutiao, and other media and public platforms. Sure enough, just as Qi Yunxiao said, the photos of Father Qi being taken away were spreading everywhere, and some people had already started to criticize the Qi Group. They kept posting comments like "the Qi Group is finished."
Even some major financial bloggers and respondents began to say that they weren't optimistic about the Qi Group's current situation.
As someone in the entertainment industry, Qi Xingchen instantly saw traces of the involvement of the Internet Water Army. Otherwise, it would be impossible for everyone to know about this matter in just one night.
And now, they were helpless because they couldn't guess who had bought the Internet Water Army.
After fighting in the business world for so many years, the Qi family had made countless enemies. Now that the opportunity to destroy the Qi Group was right in front of them, everyone wanted to kick a man who was down. Who didn't want a piece of the pie?
Trying to find the first instigator among so many people was tantamount to a fantasy.
Qi Xingchen rubbed his dry eyes. "I'll ask An Ran to find out which company took over the business of creating hype."
"No need, I've tried all these," Qi Yunxiao said calmly. "The media doesn't charge hush money. The company that created the hype has been found out, but the promotion has already been done. It can't be recovered."
Qi Yuji had a splitting headache. "What's their purpose in doing all these things? Our family has done nothing wrong. We haven't done anything illegal. Wouldn't it be a waste of effort when Dad finds out the truth after the investigation? "
"It's not a waste of effort," Qi Yunxiao said. "The Qi Group's stock price fell by six points when we opened this morning, and it's still falling. It's estimated that it will fall before the close of business at noon."
Qi Xingchen and Qi Yuji were silent for a moment.
They had a feeling that this disaster might not be so easy.
.
In the afternoon, after half of the reporters outside had left, Qi Xingchen slipped into the garage and chose the most low-key car. After turning left and right for more than an hour, he finally got rid of the flies following him and arrived at the Municipal Bureau.
When he stepped into the bureau chief's office, Chief Jiang was stunned. "Xingchen, aren't you out of town?"
The last time they met, the other party had enthusiastically called him "Nephew Gu," but now it was "Xingchen." Qi Xingchen instantly thought of the reason why the phone could not be connected.
It was not because he was sleeping or because there was no signal, but because he saw that the Qi family was in a bad situation and was afraid that he would be implicated, so he chose to protect himself.
Qi Xingchen couldn't help but sneer, but it was only a silent laugh. Then he returned to his normal expression and sat opposite Chief Jiang.
"Xingchen, you —"
"Don't be afraid, I won't ask about my dad," Qi Xingchen said. "I know it's not convenient to say. We're uncle and nephew, so I won't make things difficult for you. I'm here today to ask about Xu Changlin. Have you helped me find him? "
"Aiyo," Chief Jiang slapped his forehead. "Look at my brain. I was too busy last night and forgot. I'll think of something for you later."
Qi Xingchen knew that if he didn't settle it now, he might have to wait until his next life. His face immediately darkened. "Uncle, you're not willing to help me with such a small matter?"
Seeing that he suddenly turned hostile, Chief Jiang's expression froze and he began to mutter in his heart.
Doesn't this kid know the situation at home? How dare he turn hostile?
Could it be that … the Qi family is confident that they can get Grandpa Qi back?
Seeing his eyes darting around, Qi Xingchen knew that his trick had worked. His tone softened again. "Uncle, I said that I won't make things difficult for you. As long as you find an excuse to call him to the police station, I'll pretend that I met him by chance and won't implicate you."
"I see …"
Since Qi Xingchen gave in, Chief Jiang went with the flow. "Then I'll help you again. Don't talk nonsense when you go out."
"I know. It won't do me any good to talk nonsense," Qi Xingchen said.
After reaching an agreement on this issue, Qi Xingchen didn't want to be an eyesore and quickly found an excuse to leave. On the way home, he took a look at the market. Just as Qi Yunxiao had expected, the Qi Group had indeed fallen in a straight line.
Moreover, they were suppressed by more than 300,000 orders and probably wouldn't be able to get up tomorrow.
However, as long as there was a tempting low price, there would always be people who would buy it. After falling for a period of time, institutions and individual investors would feel the price in their hearts and would enter the market to buy at the bottom. After understanding some financial knowledge, he wasn't particularly worried about this.
Who would have thought that this time, he was completely wrong.
That night, the news that the Qi Group's products weren't up to standard, that many branch companies were suspected of false bidding, and that the financial reports were falsified suddenly spread all over the Internet overnight.
.
If one often walked by the river, how could one's shoes not get wet? The Qi Group had been in business for so many years, and there would always be mistakes in some aspects that led to the quality of the products not reaching standards. It was inevitable that there would be omissions and mistakes in the financial reports. Regarding these problems, the Qi Group had corrected them as soon as possible after the incident. However, now that they were brought up, it was inevitable that the majority of investors would be suspicious due to the mixture of real and fake news.
In addition, Old Master Qi had left and never returned. Even if the Qi family's official response was that the incident was under investigation and that it would take a lot of time because of the company's size, it still caused investors to panic.
The investors' panic increased the market's bearish outlook, and the increase in bearish outlook expanded the investors' panic. Under the vicious cycle, investors sold in large quantities, and the Qi Group's stock price continued to fall.
What was even more frightening was that after Qi Yunxiao finally spent money to block all the emails, the tax authorities suddenly received an anonymous report. In the email, the other party said that the emails of several subsidiaries of the Qi Group didn't match the tax system, that they had evaded taxes and falsified accounts, and that there was some evidence of electronic coupons.
The tax issue was a big problem. The moment they received the report, the tax bureau drove to the entrance of the Qi Group. The chairman had already been taken away by the CBRC to cooperate with the investigation, so they took away the other person in charge of the Qi family, Qi Yunxiao.
It was impossible for the tax authorities to not attract attention. They were even faster than Qi Xiaoming. Almost at the same time, the image of Qi Yunxiao being taken away appeared on the headlines of various financial news.
The establishment of a business empire took a long time, but the collapse happened in just a short season.
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