Chapter 118 SunEast Bank
Howard sat silently in a spectator’s seat during the meeting, too intimidated to speak.
What shocked him even more was Drake’s agreement with Robin’s outrageous decision.
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More importantly, Shirley and her fully recovered father, Timothy, were also on Robin’s side.
He realized that it would be impossible to use this matter to bring Robin down.
Seizing the moment of chaos in the meeting room, he quietly slipped out.
Once in the fire escape, Howard glanced around and say that no one was in sight.
He pulled out his phone and called Dominic Stone, the president of SunEast Bank in Harmonfield.
SunEast Bank was a private joint–stock bank, established five years ago in Brookhaven by several major private enterprises from southern Draconia.
Three years ago, SunEast Bank and another Harmonfield Bank, both provided loans to Jonah’s Infinity Tower.
Previously, Jonah used all his properties and the Infinity Tower itself as collateral to borrow three billion from SunEast Bank and 4 billion from Harmonfield Bank.
The term of their loan agreements was ten years.
*For the past three years, regardless of how tight his finances became, Jonah had never missed an interest
payment to either bank.
Even during the toughest times, he managed to avoid owing either bank a single penny, even resorting to high–interest loans to keep up with his obligations.
Jonah understood that he had taken on this debt in order to develop a thriving business district in Southvale.
For someone with big ambitions, integrity was always the top priority.
wever, earlier this year, both banks unexpectedly claimed that Infinity Tower posed a significant risk and demanded that Jonah repay the principal and interest immediately.
This placed Jonah in a precarious position, as his finances were already extremely tight.
Today marked the final deadline for repayment to both banks.
Both banks required Jonah to repay their loans by midnight tonight.
Harmonfield Bank’s principal and interest totaled five billion, while SunEast Bank’s amounted to 3.8 billion.‘
Although the final deadline was set for midnight, Jonali knew that the banks would shut down their larg Transfer systems after 5:30 PM.
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Chapter 118 SunEast Bank
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If he couldn’t ensure that the funds were credited to the banks‘ accounts by that time, he would face serious consequences.
The following day, ownership of Infinity Tower would Gransfer to the banks.
At that moment, it was already 3:30 PM.
Howard thought to himself that if the banks could cut the repayment deadline short, Robin’s plans for Infinity Tower would be ruined.
Once the matter was resolved, he could brag about himself in front of the company’s major shareholders,
Mitchell and the others would surely appreciate him for it.
It was likely that he could replace Robin and take the position of CEO of Eastvale.
Perhaps he might even win Shirley’s favor.
He believed that Robin’s presence was the reason Shirley had been distant from him.
Ultimately, no matter the outcome, his goal was to get rid of Robin and drive him out of the Dunns!
After careful consideration. Howard decided that letting the banks take over Infinity Tower was the best approach.
Howard had a close personal relationship with Dominic, the president of SunEast Bank.
The two often met privately for social gatherings.
In order to pave the way for himself, Howard used his position in the Dunns to bribe Dominic many
times.
He frequently invited Dominic to nightclubs for special services,
Over the years, it could be said that Howard had kept Dominic well taken care of,
Given this history, he felt confident that asking Domime for a favor regarding this situation would be a simple matter.
Howard saw that Drake, Shirley, and Timothy did not oppose Robin’s proposal to sign the contract for taking over Infinity Tower.
Additionally, several major shareholders, including Mitchell and Barney, were also aligned on Robin’s side
Though they were reluctant, these individuals were founding members of the Dunn Group who had followed Drake from the beginning.
With Drake supporting Robin, they felt they had no choice but to agree.
Only a few minor shareholders remained uncertain.
Although these individuals were reluctant to support Robin’s actions, none dared to voice their concerns in front of Drake.
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to Ft Timor of
Howard sensed their hesitations and devised a two–steplan to sabotage Roboris takmer of fetary Tower
date
First, let Dominic of SunEast Rank start the process of ending Jonah’s repayment ahead of schedule
Hand it over to the court to seal Infinity Tower and reclaim its ownership
Second, he planned to reach out to some shareholders after the conclusion of the shareholder
He planned to pressure Drake, Shirley, and Timothy by suggesting that the shareholders widow ber investments from Dunn Group.
This might force Drake to make concessions
When Dominic, the president of SunEast Bank, received Howard’s call and praped his intentions, be hesitated.
“Mr. Dixon, Shirley has contacted me before.
“Regarding Infinity Tower. her stance is that Dunn Group will take it over.
Ms. Dunn said that Dunn Group will arrange the funds for Jonah’s debt transfer by tomorrow morning
“Today is simply too late for the finance department to process such a large transfer.
“If we initiate the court seizure procedure now to confiscate Infinity Tower. I can’t explain this to Ms. Dunn
As you know, Mr. Dunn Sr. is not just anyone; he adores Ms. Dunn. If I offend him over this materi could make things very difficult for me!”
Dominic felt a deep sense of unease regarding Howard’s request.
In Harmonfield, few dared to stand up to Drake, he was a powerful figure.
Noticing Dominic’s concern. Howard smiled and reassured him. “Mr. Stone, it’s not as serious as you think “I have some insider information: the Dunn Group board meeting is in progress, and nearly all the shareholders are opposed to Robin’s proposal for Dunn Group to take on the burden of Infinity Tower “But, given that Robin is the current CEO of Eastvale and was appointed by Shirley, the Dunns might be reluctant to openly oppose him in the board meeting for the sake of appearances
Nevertheless, several major shareholders are voicing their discontent, and quite a few are contemplating withdrawing their investments from Dunn Group.
“What I’m suggesting is that if you initiate the seizure process for Infinity Tower at this crucial moment would effectively give the Dunns a way to save face.
“By preventing Dunn Group from taking over Infinity Tower in such a respectable way, Robin’s decision would become meaningless.”
Dominic hesitated upon hearing this. “Howard, please don’t mislead me. I don’t want to offend the Dunns
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“Even though I’m the president of Harmonfield SunEast Bank, my authority is still limited
The Duns have already given assurances and promised to repay tomorrow. If I proceed with this and Mr. Dunu St. gets angry, a small bank president like me wouldn’t be able to handle the consequences
Howard chuckled. “Mr. Stone, don’t worry. The Dunns are actually looking for a way our
Everyone in Harmontield knows that the Southvale land is essentially worthless, and they’re aware of the shady dealings between Robin and that bastard Jonah.
“Otherwise, why would he buy Infinity Tower for 20 bilion: That’s insane!
“By doing this, you’ll be preventing Robin from playing games with Dunn Group’s money: Mr. Dunn Sr will be grateful for your help.”
After a moment of hesitation, Dominic considered this
It was true that the Southvale land was worthless.
Earlier this year, he had proposed to terminate the Infinity Tower loan project to SunEast Banks headquarters for review.
The headquarters had promptly approved his suggestion.
SunEast Headquarters approved it so quickly because their assessment determined that the Southvale land had no investment value left.
If they didn’t reclaim Infinity Tower now, they likely wouldn’t recover even a fraction of their funds later
However, the headquarters indicated that if someone he took over. SunEast Bank would prefer to extend the loan term.
This way, SunEast Bank might be able to minimize its losses.
After thinking for a moment, he replied, “Mr. Dixon, while it makes sense to intrare the immediate statin of Infinity Tower now, it’s not yet midnight, and I’m worried it might raise uspicions”
Howard chuckled. “Mr. Stone, in just an hour, large transfers won’t be possible unless Jonah can cash
“Just think about it. Who could gather 3.8 billion in cash in just a few short hours before midnight far even realistic?
“I doubt someone like you, Mr. Stone, could manage that either:
“So, go ahead and act boldly. This won’t be considered violation at all.”
Dominic hesitated for a long time, weighing the decision in his mind repeatedly
Noticing his silence, Howard added. “After you take care of this tonight. I’ll treat you to a new lemure dub in the northern suburbs. I hear they have some stunning foreign ladies there”
Dominic chuckled. “Okay” If that’s the case, I’ll follow your advice. I’ll initiate the loan sermination prona right away
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Chapter 118 SunEast Bank
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Meanwhile, Jonah, sitting in Robin’s office, received a call from the finance department of Infinity Tower.
“Mr. Ferguson, SunEast Bank has initiated the loan termination process early and issued a final notice.
“The legal team at SunEast Bank stated that if the full repayment of both principal and interest isn’t made within half an hour, they will not accept any payments today.
“In other words, if we can’t cover the 3.8 billion loan within half an hour, Infinity Tower will belong to the bank after that time.
After hanging up the phone, Jonah was filled with anxiety.
“Mr. Ramsey, the situation has changed! We just received a notice from SunEast Bank stating that we must make the full payment within half an hour, or they will immediately initiate the process to seize Infinity
Tower.
Robin chuckled at Jonah’s anxious demeanor. “It seems someone is making a problem.”
Jonah shook his head. “Mr. Ramsey, didn’t you just discuss with Ms. Dunn that Dunn Group would back. the loan for Infinity Tower?
“Then why has SunEast Bank suddenly decided to terminate the repayment deadline?”
Noticing Jonah’s growing panic, Robin replied calmly. It’s not a big deal. I’ll check with Shirley to find out what’s going on.”
