Tokyo Video Game Tycoon: Chapter 587 The bubble is here again

Chapter 587 The bubble is coming again

  586

 This is a long-planned investigation.

The investigation and evidence collection took nearly a year, and detailed investigations were conducted from the source of funds behind YOO to all the industries he was involved in.

At this stage, some mysterious cyber hackers would occasionally provide some information to the Special Investigation Department, which also exposed many gray insider transactions in Changweiyu. Even if Changweiyu had ten mouths, he could not explain anything.

As long as a listed company expands crazily from the beginning and continues to receive various capital injections, it is destined to have many shady things.

Whether these things are serious in a certain circle depends on whether anyone takes them seriously.

Companies like Youxing Electronic Entertainment are rare in this world, and companies like YOO are the norm.

The Japanese Special Investigation Department was directly ordered by the Prime Minister's Office of Japan this time, which is considered the highest level of authorization.

Hinder? You blind guy, do you want to go to jail? If you want to, just stop them. We came with a special order from the Prime Minister's Office this time. We will arrest anyone who stops you, and we can also put you in jail for very legitimate reasons.

This fight immediately frightened the people at the front desk and did not dare to react. They could only let these people go upstairs to investigate.

All those who went to work that day were ordered to stop what they were doing and squat in the corner with their hands on their heads, waiting to be dismissed. People from the Special Investigation Department quickly checked all the data on every computer in YOO Company and took away whatever data they could. They will be taken away together. If they cannot be taken away, more people will be contacted immediately to help move them away. In short, none of the information will be left behind.

 Ordinary employees are all under unified supervision, while YOO's management will be directly handcuffed and escorted away.

No matter whether you are suspected of a crime or not, we will arrest them all and interrogate them one by one. But in fact, the ultimate goal is to catch the big head of Changwei Yu. The other management can only hunt rabbits in the grass.

 This time, the efficiency of the Special Investigation Department's mission was very high, which is rarely seen in the world.

In addition to the YOO headquarters, relevant people also broke into Chang Weiyu’s home for investigation.

His home was quickly rummaged through by members of the special service team, and everything was removed without leaving anything behind, in the name of collecting evidence.

 According to them, according to reports from informants, Changweiyu has serious financial problems. The tax department has reason to suspect that YOO has a history of making false accounts. Now they must investigate strictly.

 Zhu Youxing was the first person to learn of the news, much earlier than the media.

 Because it was the reminder he gave to the Beida family that allowed them to find an opportunity to seize Nagao Yu's pigtail, and then kill him while he was sick.

 He also knew that this guy Nagao Yu must have come to an end, and his career was completely ruined.

Of course this was all his own doing, and Zhu Youxing would not sympathize with him at all.

Even if they don't have themselves, those chaebols are not easy to mess with. This is the result of constantly encroaching on the inherent territory of the chaebols.

The only way to fight against the zaibatsu in Japan is to become a zaibatsu yourself, but Nagao Yu was too high-profile before becoming a zaibatsu. The rapid success of the Internet still made him blindly trust his own judgment.

This scene is really very similar to a Japanese Internet company in the previous life, and the end was similar. It can only be said that history really has some inevitability.

A week later, Nagao Yu was formally arrested in the Kansai region of Japan, charged with violating the Securities and Exchange Act, as well as a series of concurrent charges such as bribery and false accounting.

Nagao Yu naturally denied it. He appealed to prove his innocence, but it was not a power agency that wanted to deal with him, but Japan's plutocratic class. His failure was already doomed.

These chaebols cannot afford to watch a guy who has the ability to annex their territory grow and develop.

This guy actually plans to get involved in a series of industries such as entertainment, news, and economic investment at the same time. How can this chaebol tolerate it?

 It would be a mercy on their part if they don’t kill you.

They do know that Nagaoyu has American capital behind him, and the chaebols will not do anything too harshly for the sake of American capital. It is enough to completely ruin Nagaoyu's reputation, otherwise they will make everyone in the U.S. anxious. Repeated sanctions against Japan are really not worth it.

The arrest of Nagao Yu did not only cause shock in Japan, because YOO itself has been involved in many fields of industry, and is beginning to develop in the direction of an international group. The company has also started operating in many countries. Even though it is famous, these countries were shocked when its CEO was arrested.

Then people began to take a closer look at the company, and they were shocked to find that the company seemed to have been burning money but had no way to make money.

The Japanese region first reacted very violently. The stock prices of many subsidiaries headed by YOO fell rapidly, which can be called a plunge, causing panic selling.

 Originally, the Japanese stock market was in very bad shape due to the bursting of the bubble. However, it finally improved slightly in the new millennium. And because of the influence of YOO, people once again lost confidence in the stock market.

When the commotion in Japan became more and more intense, American capital also suddenly discovered that without Chang Weiyu at the helm of YOO, there was no chance of earning back the money they had invested before.

Originally, YOO previously held equity interests in TV stations, many well-known publishing houses, and even one or two small newspapers. During this turmoil, these companies immediately cut ties with Changwei Rain and threatened to make compensation against Changwei Rain. It is said that the wall fell and everyone pushed it.

These things that had a certain value in the eyes of American capital immediately came to nothing. As for game development, online film and television platforms, and online shopping platforms, they simply cannot operate without continuous investment of funds.

 They were shocked to realize that Internet companies were not really as glamorous as they appeared.

Internet companies can easily have millions, tens of millions or even hundreds of millions of users with just a few clicks.

 But how to convert these users into benefits has become a very big problem.

The Internet in this world is still in the exploratory stage. Except for Facebook, which seems to be prosperous and has the ability to make money, other Internet companies are constantly trying to find their own path.

 This road of constant trying and groping is the road of constantly spending money until they find their own path.

When YOO suddenly fell from the cloud, capital people felt that the Internet was too lacking in authenticity, and the astonishing strings of data were also very false.

And this kind of thinking was quickly reflected in capital investment. All capital investment in the Internet began to become extremely cautious, and some even directly shouted that the Internet was full of uncertainty and suggested that investors should not easily invest money in Internet companies.

 It was at this moment that Internet companies became despised, and the Internet bubble that belonged to this world finally arrived.

 (End of this chapter)