Chapter 716: Compensation (First Update)
"These guys really never learn, always so overbearing."
Su Mo rubbed his forehead. He's seen arrogance, but never anything like this.
"They can be overbearing because they're powerful, and now it's a big problem since they won't admit to it. I heard many people were captured, and those guys even demanded huge ransoms under the pirate name on the Star Ring Forum. Those unwilling to pay were reportedly tortured to death, and the videos were posted on the Star Ring Forum."
Tang Yao explained angrily.
"Has the Federation Government made any response to this?"
Qian Chengxue asked after a moment of silence.
"The Federation Government issued a new order prohibiting anyone from paying ransoms. Because if war really breaks out, paying them now would be like handing them weapons."
Tang Yao hesitated for a moment before explaining.
Su Mo rubbed his head, feeling impossibly troubled, finding it hard to get a moment of peace.
...
Half an hour later, Su Mo and the others returned to the company.
Qian Chengxue immediately said, "All senior staff, to the conference room for a meeting."
Though they had narrowly escaped this time, it didn't mean the issues were resolved; the real trouble was just beginning.
"Understood."
Tang Yao promptly responded.
Soon everyone was in the conference room.
Qian Chengxue calmly addressed all the sisters present, "Regarding the hijacking of the Blue Whale, I don't think I need to say much; you should all know clearly. All the goods our company was transporting have sunk, but fortunately, most of the people were unharmed, which is my greatest relief."
Tang Yao anxiously asked Qian Chengxue, "Sister Xue, what do we do about the loss? If the Federation pursues it, how can we possibly compensate?"
"Don't we have insurance?"
Sun Li hurriedly said.
Su Mo coughed and said, "Insurance won't help much; the entire Blue Whale sank. Just considering the cargo on board, excluding compensation for human injury, the estimated total value must exceed tens of billions. Which insurance company is so bold to cover all of it?"
Upon hearing this from Su Mo, everyone's expressions turned sour.
"What should we do then? Wouldn't that mean we're in breach of contract, and what about compensating liquidated damages?"
Chen Meng asked worriedly.
This was no joke. They had contracts with the Federation, and if the Federation enforced the agreement strictly, they'd be in trouble.
For whatever reason, the Chenxi Group delaying delivery would face a colossal amount of liquidated damages.
"Under normal circumstances, the Federation shouldn't do that. If they did, no company could survive, they might all go bankrupt. Moreover, the insurance company for the Blue Whale reportedly has a very deep background, even if they can't cover everything, they should at least compensate partially. I'll handle this."
Qian Chengxue reassured everyone.
"But even if the Federation doesn't pursue it, our group's funds are depleted; how are we supposed to operate going forward?"
Tang Yao said worriedly.
"I'll figure something out. Zhao Han, you take charge of treating the injured sisters and provide psychological counseling for those who were scared."
"Okay."
"Thank you all for your hard work during this period. The meeting is adjourned."
Qian Chengxue responded steadily.
"Okay."
Everyone got up and left.
Qian Chengxue rubbed her forehead, feeling a bit weary; everything seemed to be going wrong lately.
Su Mo sat beside Qian Chengxue and said with a smile, "Worried about the funding issue?"
"No, I can handle it from my side, don't worry."
Qian Chengxue gave Su Mo a faint smile.
"Alright, but if you really can't manage, don't bear it alone, I'm here too."
Su Mo didn't say much more, as everyone has their own pride.
"Alright! You should go rest as well, you've worked hard recently."
"Okay."
Su Mo then left the conference room.
After Su Mo left, Qian Chengxue picked up her phone, took a deep breath, and started contacting the Morlocos Insurance Company of the Gaojia Republic.
Even knowing hope was slim, she still had to give it a try.
Unfortunately, the reality was harsh. Qian Chengxue made dozens of long-distance calls but never got through.
Qian Chengxue tried searching for the current situation of this company on the Star Ring Forum, and thousands of new updates instantly popped up.
More than a hundred thousand people have blocked the Morlocos Insurance Company building in Star Ring City, surrounding it completely.
Simultaneously, a large number of soldiers arrived on the scene to maintain order.
Morlocos Insurance Company is one of the oldest capital giants in the Gaojia Republic, with an extremely long history. It not only undertakes the insurance for the Blue Whale but also handles a large amount of insurance and financial management for enterprises and the public within Gaojia Republic.
So, if this company were to suffer a major blow, it would be a huge hit to the Gaojia Republic.
As Qian Chengxue continued browsing the relevant information, her expression grew increasingly gloomy.
"Company CEO of Morlocos, Kenton, jumped to his death yesterday!"
"Shareholder of Morlocos, Jia Lu, committed suicide by poisoning two days ago!"
"Financial director of Gaojia Republic Central Bank, Dico, died suddenly from heart disease!"
.... (ellipsis indicating more similar events)
In just a few weeks, over 132 high officials, key figures, elites, etc., experienced subjective or accidental deaths.
Most importantly, insiders leaked that the Morlocos Group Company is secretly filing for bankruptcy, preparing for asset liquidation. All assets will be used to pay unpaid wages, loans, debts, compensations, etc.
Qian Chengxue rubbed her head. The fall of the Blue Whale was like a chained bomb, and its after-effects were starting to manifest.
She took a deep breath, almost confirming there was no hope. She wasn't sure how long the Morlocos bankruptcy liquidation process would take and how much of the compensation funds she'd receive by then.
Hence, Qian Chengxue restructured her thoughts, calling the credit manager of the Federation Bank to see if they could borrow some money.
...
Days later, Su Mo entered Qian Chengxue's office carrying food.
Only to see Qian Chengxue communicating with someone.
"Vice Minister Zhao, I understand the situation you described, but you also need to consider our group's current circumstances. It's not that I'm unwilling, there's just no way....."
...
After a long while, Qian Chengxue sighed and hung up the phone.
At this time, Su Mo pushed the food in front of Qian Chengxue and said with a smile.
"Eat something."
"Hmm, you probably haven't eaten either, let's eat together."
Qian Chengxue looked up at Su Mo with a slight smile.
"Okay, did you encounter any trouble when you were on the phone just now?"
Su Mo sat down to eat with Qian Chengxue.
Qian Chengxue did not hide anything from Su Mo and explained to him, "The Federation's latest policy has come out. Because this was an uncontrollable collective event causing contract breaches, the Federation decided to handle it leniently. They will not pursue our breach of contract, don't require us to pay liquidated damages, and also won't ask us to return the advance payments."