American Scandal King

Chapter 305 Acquisition of Mirak Bank

Neil went back with a heavy heart and mission.

Ian offered a sky-high price - he wanted Mirak Bank.

Mirak Bank is a small bank with a size of about 20 billion, and this bank robbery caused them heavy losses.

The millions in cash are not important; the losses to those customers from the safe are extremely huge.

This included the bond documents and information that Ian had put in (300 million), the jewelry of the Minova Group, the diamonds of Pioneer Navigator's shareholders, as well as important secrets and various assets of many senior executives, a considerable portion of which had purchased insurance services.

The total insurance compensation alone is estimated to be one billion.

These losses must be compensated, and the amount alone can bankrupt the bank.

This is also the fundamental reason why Ian led this operation... He can take over the bank at the lowest cost and deal a heavy blow to Pioneer Navigation.

Since Ian had some inside information about Pioneer Navigation, Pioneer Navigation had no choice but to bow its head in this situation.

So within a few days, news came from Pioneer Navigation: they could unite all shareholders and sell Mirak Bank to Ian Carr.

The bank originally had a debt of 2.2 million. This incident caused the bank to pay about 10 billion, totaling 12.2 billion. Therefore, Pioneer Navigation persuaded all shareholders to sell Mirak Bank to Ian for 8 million, and Ian assumed all the debts.

This is what Catherine said: the money will be paid back, but in the name of debt repayment, the only ones who lose are Pioneer Navigation and its major shareholders.

Jewish banks, no sympathy!

But this is a normal transaction!

Pioneer Navigation should also show some appreciation for that shady agreement, right?

This is simple. Pioneer Navigation must transfer part of Graf's shares to him at a low price.

Graff is a British watch and jewelry company, of which Pioneer is a shareholder. The diamonds they previously held at Mirack Bank and the jewelry they had given to the Minova Group were also from Graff.

As a fund company, Vanguard itself does not engage in the real economy, but even if the company does not do it, its corporate shareholders can do it.

The cooperation between Pioneer Navigation and Minova was to help them acquire this batch of jewelry and diamonds from Graff. The jewelry was given to Minova, and the diamonds were left to Pioneer Navigation's shareholders, who planned to sell them together through Minova's jewelry exhibition... Minova always had to do something for them.

The result was all gone.

Graff's current market value is only US$12 billion, and Vanguard owns 30% of the shares, which is about 3.6 million.

Ian Carr bought Graff's shares for 1.8 million, which was half the price, and returned the agreement with the condition that he would not repay the million for the black diamond.

At this point, Ian used 10 billion to acquire Mirak Bank and Graff.

........................

Trump Tower Office.

Today Ian is seeing a middle-aged woman.

The jeweled lady wept bitterly.

She held a pocket watch, her eyes full of sadness: "This watch belonged to my late husband. It is not worth much, but it carries all my beautiful memories. I don't care about anything else, but this watch... Thank you, Ian!"

Ian held the woman's hand and said, "Mrs. Alvin, I understand how you feel. I was just lucky. This was found by Van Nister from the wreckage of the explosion, and he gave it to me. You know, these things should have been evidence for the police. Van Nister took it secretly, which would be troublesome!"

Mrs. Alvin nodded repeatedly. "Of course, I understand. In fact, if your people hadn't protected it, it might have been taken away by those greedy policemen long ago. With an explosion, they can make many things disappear legally. Fortunately, you are here! Don't worry, I won't tell anyone. It will only cause you trouble."

Then she gave Ian a hug and said, "I don't want the other things, just let it go."

Ian shook his head slightly. "This isn't appropriate. Since I've assumed Mirak Bank's debt, I should compensate them according to the agreement. However, Mirak Bank is indeed facing some difficulties right now. I can only ask you to be a little more lenient."

Mrs. Alvin smiled and said, "That's half. I will also give you all the advertising business of my company, child."

"Thank you very much for your generosity." Ian kissed the other person's face.

Very good, this saves 10 million in compensation.

After seeing Mrs. Alvin off, Ian returned to his seat.

He called his secretary Edith: "Who else is behind?"

Edith replied, "Mia Group's Vice President Kerry, his daughter's jade necklace."

Ian shook his head: "I hate jewelry because it won't tell me whether it has historical significance." He turned around and opened the box next to him. He picked one and found three jade necklaces.

Ian sighed and said, "Edith, let Vice President Kerry send me a photo first. Then I can know whether Van Nister was lucky enough to find it, or whether the police returned it."

After taking over the Mirak Bank, the police, who had originally thought that "everything was destroyed in the explosion", immediately "actually found some of the stolen goods."

This gave Ian even more reason to repay the debt.

How exactly depends on the insurance price.

If your insurance value is lower than your assets, we are sorry that we were unable to find your lost goods, but we are willing to compensate you directly.

If the insured value is higher than the assets, congratulations! We've found your wealth and are returning it to you. We're dedicated to serving you. With your assets stored with us, you can rest assured.

If you no longer trust Mirack Bank, it doesn't matter. Turn left and you'll find First Lino...

"Okay, boss." At this moment Edith left with a low laugh.

Ian originally took on a debt of 7 million (not counting Ian's own 2.2 million and normal foreign debt of million). After this operation, he actually only paid back about million, saving about million, including million from Pioneer Navigator shareholders... Not everyone can be as generous as Mrs. Alvin, who would pay million for an old pocket watch.

Another 100 million is the jewelry of Minova Group.

The purchase price of this batch of jewelry is as high as 3 million yuan, and the selling price will be even higher. After all, the profit from jewelry sales is extremely high, sometimes several times higher. Pioneer Navigation helps Minova introduce customers so that their 3 million yuan worth of jewelry can be sold for 6 million yuan, with a net profit of 3 million yuan.

This is all thanks to Pioneer Navigation, otherwise it would not be so easy to sell it slowly on my own.

Ian will only sell part of these jewels... This is why he wants Graff shares, to take things from Graff and give them back to Graff.

As for the rest, Ian would keep them and give them away slowly to his girlfriends along with the diamonds.

This batch of jewelry was insured by Claystone at an estimated value of 100 million, so Mirak Bank only had to pay 100 million in compensation.

Ian said: There is definitely no jewelry, I can only pay compensation, but I have to wait!

The Minova Group was burdened with debts and its liquidity was exhausted. The company was on the verge of bankruptcy. It had hoped that the sale of these jewels would help it recoup some of its losses and solve some of its financial problems, but now that hope is completely lost.

These three hundred million became the last straw that broke the camel's back for a group worth three and a half billion!
In addition, there are those assets that are not insured and basically do not require much compensation. The profit from this part alone is as high as 500 million US dollars. There is also a large amount of confidential information that is even more valuable. Ian will sell it one after another through the Crips Gang and other parties.

This meant that he could acquire Mirak Bank for next to nothing.

Not long after, news came out that Minova Group officially declared bankruptcy and liquidation!
........................

Godwin Manor.

Clara and Ian rolled around in bed.

She tilted her neck back and let out a joyful laugh. "You didn't see Gerdad's expression. When he found out you refused to pay compensation immediately, and that the compensation was only 1 million, his face turned green."

"This doesn't affect you, does it?" Ian asked breathlessly.

This girl is really greedy.

Clara laughed and shook her head vigorously: "I did it through someone else. I gave him some money and he was willing to take responsibility."

As she spoke, she hugged Ian and kissed him madly: "You are a genius, Ian Karl, I love you so much. Minova went bankrupt and had to sell assets to repay debts. It has a beverage company called Lille, and I have passed on some of the costs to it, reducing its profits. It will be seriously undervalued. You can make any price within 5 million. After you get it, you don't have to do anything, and you can make to million in profits a year. If you can help it develop and increase its profits, it will be no problem to sell it for more than million."

"Well done, baby," Ian said, taking out a black diamond and a sapphire crystal necklace from the bedside cabinet and placing them in Clara's palm. "This is a small reward for you, not included in the previous promise."

Clara's eyes lit up: "Wow, Ian Carr, it's rare for you to be so generous."

Even at the purchase price, the value of these two items far exceeds the promise Ian made to her.

"You deserve it." Ian picked up the sapphire necklace and chuckled, "And it has some other uses."

Clara understood instantly.

She had no fear, but instead was filled with excitement.

She looked at Ian with bright eyes and giggled, "Come on, dear!"

She hugged Ian tightly, and her long, beautiful legs instantly stretched straight.

(End of this chapter)