Prev
Ch. 826 / 103880%
Next

Chapter 826: Lord Fan's move is an instant kill!

~7 min read 1,302 words

Facing Wang Qigang's criticism, Lin Dongfan calmly put down the document in his hand.

His expression remained calm.

"Secretary Wang asked a good question." Lin Dongfan's voice was neither loud nor soft, his measure just right: "Since we're talking about solutions, I actually have two."

The meeting room fell silent instantly, all eyes turning to Lin Dongfan.

Lin Dongfan raised a finger.

He spoke in an orderly manner:

"First plan: compulsory enforcement!"

According to the relevant provisions of the Regulations on Ensuring Payment of Wages to Migrant Workers, if an employer withholds migrant workers' wages, after being ordered to pay within a deadline, if they still fail to pay! the relevant department may apply to the court for compulsory enforcement in accordance with the law, including but not limited to measures such as sealing, seizing, and freezing assets!

Speaking, Lin Dongfan pulled out a document from the folder.

He continued: "Zhao Group has seven dedicated accounts at the Industrial and Commercial Bank of China and the Construction Bank of China, used specifically for project settlement and wage disbursement."

Currently, these accounts hold a total of approximately 320 million yuan.

I have already had the Human Resources and Social Security Bureau prepare the relevant legal documents; we can apply to the court today to directly allocate the owed wages from these frozen accounts.

Hearing this, Wang Qigang's expression changed slightly; he obviously hadn't expected Lin Dongfan to act so quickly.

Not giving Wang Qigang a chance to speak,

Lin Dongfan cut him off: "This is standard procedure, a power granted by law—why not use it? Since Zhao Group isn't fulfilling its obligations, we'll force it to!"

A low murmur rose in the meeting room.

This move is ruthless!

Directly wielding legal weapons to take money from the Zhao family's pockets. Zhao Tianyu isn't trying to shirk responsibility? Then we'll make sure he can't.

Wang Qigang hesitated: "Wouldn't this be too radical? After all, Zhao Group is a key local enterprise; forcibly allocating funds might disrupt its normal operations……"

"Secretary Wang."

Lin Dongfan's eyes blazed as he fixed his gaze on Wang Qigang: "Eight thousand migrant workers haven't received their wages, with families waiting for money to send children to school and elders to see doctors—what could be more important than livelihood? If a law-breaking enterprise can still be called a key enterprise! I suggest we reevaluate the criteria for key enterprises."

"……!!!"

Wang Qigang's face darkened to the extreme; he wanted to retort but couldn't find a suitable opening.

He observed the subtle reactions of those around him.

Wang Qigang suddenly realized he seemed to have become the target of everyone's criticism!

He couldn't help asking himself: "What's wrong with me? Decades of political experience, yet Lin Dongfan's few words left me utterly powerless to retaliate……"

However, this wasn't over yet.

Lin Dongfan raised a second finger, his voice steady and firm: "If you really disagree with the first plan, I have a second."

Hearing this, Wang Qigang's face showed doubt: "What's your second plan?"

"Second plan: have a third-party company pay the migrant workers' wages." As soon as Lin Dongfan finished speaking, some laughed, others remained silent.

If the first plan is a standard measure, then this second plan is undoubtedly nonsense.

A Standing Committee member chuckled: "Mayor Lin, are you joking with us? Third-party reimbursement? Who would front over 200 million yuan in unpaid wages for Zhao Group?"

"Yes."

Lin Dongfan blurted out a name without hesitation: "Mortal Group."

The meeting room instantly exploded.

Mortal Group!

A top-three domestic comprehensive private enterprise, its business spans real estate, finance, technology, culture, and more.

More importantly, the founder of Mortal Group, Ye Jiaying, is on very close personal terms with Lin Dongfan.

This is no longer a secret.

What medicine is Lin Dongfan selling in his gourd? Why would he have his own people foot this huge bill? Does Mortal Group have so much money it doesn't know what to do with it?

These questions swirled in Wang Qigang's mind, leaving him utterly baffled.

Wang Qigang tentatively asked: "Why would Mortal Group do this?"

"Secretary Wang, take a look at this document."

Lin Dongfan handed a document to Wang Qigang.

After Wang Qigang finished reading it,

Lin Dongfan directly interpreted: "Zhao Group currently owes banks about 180 billion yuan in loans, with an asset collateral ratio exceeding eighty percent. If Zhao Group still hasn't resolved the migrant workers' wage issue by tomorrow, I will advise the banks to initiate risk disposal procedures and package Zhao Group's debt for sale."

Hearing this, everyone present changed expression, as if they instantly understood Lin Dongfan's true intention.

Lin Dongfan stopped pretending, stopped acting!

Getting straight to the point, he said: "Mortal Group has declared its willingness to take on this debt, on the condition that it also takes over all of Zhao Group's assets and projects."

As soon as he finished speaking, the venue fell into a deathly silence.

Everyone understood: this wasn't advancing wages, it was a wholesale takeover!

Lin Dongfan intended to use the 200 million yuan in unpaid wages as a lever to trigger a 180-billion-yuan debt restructuring, ultimately swallowing Zhao Group whole!

The maneuver is ugly, but one must admit Lin Dongfan's move could be called an absolute kill.

Wang Qigang said with a half-smile: "Mayor Lin, are you trying to help the workers get their wages, or to help Mortal Group swallow Zhao Group? If you use administrative means to assist a private company in swallowing a competitor, there could be suspicions of interest transfer! In principle, the Standing Committee would not agree to this plan."

Having counterattacked, Wang Qigang finally couldn't sit still, thrusting back with a retort!

All of this was already within Lin Dongfan's expectations.

Lin Dongfan replied calmly with a faint smile: "If I have violated discipline or law, I welcome you to report to the Provincial Committee; I will certainly cooperate with the investigation of the Provincial Commission for Discipline Inspection."

"……!!!"

Wang Qigang gave a dry laugh and said nothing more.

Lin Dongfan added: "I just gave two options, very democratic. If Zhao Tianyu is willing to resolve the issue himself by tomorrow, that would be best. If he continues to shirk responsibility, we'll follow the second plan, with Mortal Group advancing payment in one fell swoop. As for Zhao Group, since it can't continue operating, let a capable enterprise take it over. This also fits market‑economy logic—survival of the fittest."

After speaking, Lin Dongfan looked toward Wang Qigang.

He gave another faint smile: "Secretary Wang, which plan do you think is more suitable?"

"!!!"

Wang Qigang pulled Along face, his mood heavy to the extreme.

What else could he say?

Lin Dongfan's two plans, one harsher than the other. The first is lawful enforcement, proper and justified. The second is capital crushing, swallowing the Zhao Group lock, stock, and barrel.

No matter which is chosen, Zhao Tianyu is doomed.

Wang Qigang hesitated for Along time before forcing out: "I think this matter still needs to be handled with utmost caution. After all, the Zhao Group concerns the employment of eight thousand people and the economic stability of Wuzhou..."

"Precisely because it concerns the employment of eight thousand people, we need a capable company to take over." Lin Dongfan glanced around at everyone present, too disdainful to argue further, rose and spoke bluntly: "I've already put forward the plans; as for how to choose, you can discuss it slowly. I have other matters, so I'll leave first."

As soon as Lin Dongfan left, the entire conference room fell into dead silence once again.

Wang Qigang, seated in the chief position, was so depressed his face turned ashen; his fingers clenched the thermos cup as if it were Lin Dongfan's head, wishing he could crush it.

◈

End of Chapter

Prev
Ch. 826 / 103880%
Next
Prev
Ch. 826 / 103880%
Next