CHAPTER 769: CHAPTER 752: CHANGE OR DIE! (PART 2)

Thirty-three hours have passed since the incident occurred.

From the moment the bank official was summoned for investigation to the freezing of account funds, neither Lu Liang, Tianxing, nor Delimei has stepped forward to respond to any of it.

As a result, the rumors have become more and more exaggerated.

Initially, it was five billion US dollars frozen, which then escalated to thirty billion US dollars being completely frozen.

Now, it has been rumored that the ABS failed, but over one hundred billion US dollars in interest must still be paid annually.

Lu Liang’s billion-dollar fortune can barely last for a little over a year.

Within three years, possibly not even five, he would transform from a billionaire to a billion-dollar debtor.

Tomorrow is Monday, the first trading day after New World’s new stock issue, so how can Tianxing, without funds, help Hengtai acquire New World?

Not only are the public full of questions, but even Old Xu, who is with Lu Liang, is full of doubts.

Throughout the entire past day, he hadn’t seen Lu Liang make any calls, nor had he received any particularly urgent calls.

It was as if it wasn’t his concern at all.

Xu Jiayin suddenly felt like he had become an anxious eunuch.

So, as the two were about to part ways after returning to the city, he couldn’t help but ask, "Mr. Lu, please do me a favor and reveal some news, alright?"

Lu Liang glanced at Old Xu, whose eyes were full of curiosity, and said casually, "A counterattack takes time to prepare, Mr. Xu. The show will begin tonight, so stay tuned."

JPMorgan Chase and Blackstone Group claimed they wanted to help but still let the news spread, leading to the freezing of five billion US dollars.

Regardless of whether they are genuinely helping or not, Lu Liang considers their efforts insincere and decided to take matters into his own hands.

"What time?"

Xu Jiayin grinned, "I’m really curious."

Lu Liang thought for a moment and said, "Ten o’clock."

"Ok, ok, Mr. Lu, I’m looking forward to your performance."

Xu Jiayin left satisfied, waving his hand contentedly as he departed.

Five hours later, at nine in the evening.

Tianxing Finance and Delimei Bank would jointly hold an online press conference at ten in the evening, unconditionally authorizing it to all major global online platforms and news media.

The news spread quickly around the world like a gust of wind.

"Here it comes. I knew Mr. Lu wasn’t hiding in cowardice but holding something big."

"I’ve said it before, letting the bullet fly is Mr. Lu’s traditional skill. Heizi... speak up!"

A large number of netizens swarmed the topic, making it number one on the list with the word ’viral’ in just a few minutes.

Even though Lu Liang gradually wasn’t behaving humanly, the goodwill he had built over the years, along with the presence of Tianxing District, left him with a large loyal following. Moreover, the overseas industry was being sabotaged and falsely accused.

Over the past day and night, online rumors were rampant, but neither Tianxing nor Lu Liang responded, leaving many feeling concerned.

Now, Lu Liang has finally stepped up.

As usual, his restraint was not weakness, but for a better strike.

So, one by one, they prepared small stools, peanuts, and beer, waiting for the ten o’clock press conference.

An hour later, live broadcasts were launched simultaneously on video platforms like Douyin, TK, and YouTube within Tianxing Financial Group’s channel.

Lu Liang appeared on camera in formal attire, looking serious and earnest, first admitting to the news of the five billion US dollars being frozen by the New York Station.

He then explained the circumstances: "In all Tianxing Finance ABS fund subscriptions, we strictly complied with local laws and regulations."

"This so-called involved fund of 3.5 billion US dollars was clean at the time of subscription and passed IRS fund audits."

"To this day, I don’t know what went wrong, and the IRS hasn’t provided us with a reasonable explanation."

"I don’t want to make baseless malicious speculations, but we will fully cooperate when necessary."

"The premise is that it’s reasonable, legal, and with full procedures."

"As the bank, we also have the obligation to manage the confidentiality of customer data..."

During this press conference, Lu Liang, representing Tianxing Financial Group, focused on one issue:

The 3.5 billion US dollars was clean and properly processed before entering their public account.

No matter what, they will not leak customer information, which subsequently led to the freezing of five billion US dollars.

Lu Liang said solemnly, "We believe that the laws of New York State will give us justice, so we will launch a lawsuit against the IRS."

He also clarified some rumors, stating that the failure of Tianxing Finance ABS was purely fictitious.

Even if the IRS froze five billion US dollars, they would pay the interest generated during this period fully to investors without any shortfall.

"The lawsuit process is destined to be difficult, and this time might be very long, but we believe justice lies in people’s hearts."

Lu Liang’s speech didn’t last long, only six and a half minutes, but at least six minutes were spent emphasizing the determination to stand firm against the IRS.

This determination was not just words.

Because in the next second, the broadcast switched to Hilt, the Delimei head in New York.

The 24-hour summons investigation time had passed, and he returned. In the past nine hours, they contacted the most powerful North American legal team, organized relevant materials, and formally initiated a lawsuit against the IRS...

"Amazing, my brother."

"Fun fact: The power of the IRS in the U.S. is roughly equivalent to the postal service plus the armed forces, not only responsible for taxation but also possessing its own armed department. Just from publicly available information, it has 2,100 agents and more than 4,500 weapons, with some equipment surpassing special forces."