Chapter 223: The Collapse of Xingchen Entertainment

Early the next morning, it was drizzling, the kind of weather that makes people want to sleep in.

“Ding-a-ling-a-ling...” The jarring phone ringtone woke Wang Lei, who was sleeping soundly!

“Damn it, what is it!”

“I finally got a good night’s sleep, who told you to call me so early!” Wang Lei cursed angrily.

He had a bad temper when waking up, so he was naturally very annoyed.

“It’s bad, Boss! Xiang’er Brand has terminated all contracts with our artists!”

“Ouma Brand has also terminated all contracts with our artists!”

“Lan Gouwu also terminated all contracts with our artists...” The manager of the artist cooperation department said anxiously.

“What! All these endorsements are gone! Why are they terminating contracts! They have to compensate us!” Wang Lei instantly lost all sleepiness and jumped up!

“Go negotiate with them immediately, they must compensate!” Wang Lei said, then angrily hung up the phone.

Immediately after, another call came in: “What is it!” Wang Lei asked sharply.

“Boss, it’s bad, all the capital investors have withdrawn their funds... There’s not a single cent left in the company’s account now!” The deputy manager said anxiously.

“This...” Wang Lei was both shocked and dumbfounded. Why was this happening!

Why would the capital investors withdraw their funds! If they withdrew, then Star Entertainment would become an empty shell!

What on earth happened!

Was it because of Yang Li’s matter? But the company had already distanced itself from her!

It shouldn’t be affected this severely!

What on earth was this for!

“You immediately investigate and find out why this is happening!” Wang Lei roared.

“President Wang... that... I won’t be investigating. To be honest, I’ve already found a new job, and I’m telling you publicly now, Wang Lei, you’re fired by me!” The deputy manager said powerfully.

“What! Say that again!” Wang Lei was furious. At this difficult time for the company, he was actually thinking of getting out unscathed and joining another company!

What kind of moral character was that!

“Wang Lei, you’re fired by me...”

“You’re not my boss anymore, and you have no right to order me.”

“Forget it... I’m leaving soon, so I’ll just give you a heads-up!”

“It seems President Wang just woke up. Your usual popularity is too poor, no one told you what happened, did they?”

“Go check Weibo quickly, your matters have already been exposed!” The deputy manager finished speaking and hung up the phone.

Wang Lei’s heart instantly clenched, and a bad premonition surged in his mind!

He quickly opened Weibo and scrolled to the account that exposed Yang Li!

With just one glance, Wang Lei felt as if he had been struck by lightning, immediately collapsing to the ground... That account actually exposed Star Entertainment Company’s tax evasion and avoidance!

Moreover, even the evidence of his own tax evasion and avoidance was exposed, coupled with his past dark history, all his actions of exploiting artists under him were stripped of their cover and exposed to the light... Wang Lei’s personal account comment section had been overrun, and the comment sections of countless Star Entertainment artists were also filled with suspicion, all asking if they were among those coerced by Wang Lei.

The response, of course, was no... Cold sweat poured down Wang Lei’s face at this moment, because his matter was truly too big.

The company’s and his personal combined amounted to a total of 600 million... This huge sum of money, if he could pay it back, he might receive a lighter punishment, but he could only come up with 300 million at most now... There was still a 300 million shortfall from 600 million!

What could he do!

Wang Lei anxiously slapped the floor repeatedly, and accidentally hit a small splinter on the floor. The pain made Wang Lei feel incredibly agonizing, and he instantly grimaced!

But it was also this pain that suddenly gave him an idea!

“Yes, it must be Su Yun... It must be him...” Wang Lei shouted angrily.

He had clearly apologized to Su Yun yesterday, why was he still targeting him like this!

Wang Lei immediately called Su Yun.

“Hello! President Su Yun! Why are you doing this!”

“Don’t you have any sense of camaraderie?”

“I admit, the matter with Yang Li was instigated by me, but I’ve already apologized. I... Star Entertainment has so many people, so many staff, do you really have to drive me to ruin and make all these people jobless?”

“How can you bear it! You know this is retaliation, don’t you!”

“President Su Yun, do you know what the consequences of your actions are?”

“Everyone in the world will curse you!”

“Don’t think I, Wang Lei, am down and out now; my network of connections is still intact! If you want me to fight to the death! Then just try it!”

Wang Lei let out his final roar!

And Su Yun on the other end of the phone chuckled disdainfully: “Heh heh, President Wang, since you’ve admitted that you instigated Yang Li to slander me, what else is there to say?”

“Since you want to fight to the death, then come on! I’m waiting.” Su Yun directly hung up the phone.

“Hello, hello!” Wang Lei saw that Su Yun had no intention of reconciling and was furious!

He found his contact {N•o•v•e•l•i•g•h•t} list, then organized all the connections he had made over the years, and then called them one by one!

Without exception, within a few minutes, not a single person answered the phone, which made Wang Lei feel utterly disheartened.

He could only pin his hopes on one last person.

That was Li Wensan, who had helped him before.

“Elder Li... I...” Seeing Li Wensan answer the phone, Wang Lei felt a glimmer of hope.

“No need to say anything.”

“Little Wang! You should know.”

“Thirty percent of my Zhuoyue Technology shares also belong to President Su Yun. You offended him, I can’t help you.”

“Besides, people must be responsible for the mistakes they make.” After saying this, the phone was hung up again!

“Elder Li, but I...”

“Beep beep beep...”

Wang Lei completely lost hope. He hadn’t expected that when his Star Entertainment was at its peak, its downfall would also be instantaneous... “Knock knock knock...”

“Mr. Wang Lei, correct?”

“You are suspected of a major economic crime, please come with us...”

Several uniformed staff members pushed open the door and directly took Wang Lei away!

Wang Lei was filled with remorse, all because he offended Su Yun that day. If he had known, he shouldn’t have gone to that banquet, otherwise nothing would have happened, and his affairs wouldn’t have been exposed!

A few hours later, news about Wang Lei and Star Entertainment trended on official platforms. Instantly, this company, which had cultivated the most popular artists, collapsed in an instant, becoming an empty shell... Wu Qian, who saw all this, immediately became nervous.

When it came to scandals, his own were much more severe...