Chapter 426 - Scammed

Everyone knows that Mr. Ivanov just got his shares from his ancestors and not really good in business while his daughter's license as a doctor was revoked. And as for his so-called son, as soon as the rumors about JK's drug addiction spread, his family background was also opened to the public. So how could the Ivanov Family have the audacity to claim the management of the hospitals?

Jacob scoffed after being silent ever since he arrived. "Mr. Ivanov, may I know who is this shareholder that sells this 10% over to you?"

"I refuse to answer that question.'

"Well then. I will answer that question which is very obvious for everyone here." Jacob leaned back and rested his clasped hands in front of his chest. "Every shareholder and their proxy were all here except for one. That is Mr. Pablo."

"You've been present in all the meetings, are you aware that Mr. Pablo is also a proxy just like Mr. Kho here?" Jacob said with a stern face.

Mr. Ivanov was taken aback. He was frozen in place as if a bucket of ice were spilled all over his body. On the other hand, Mrs. Ivanov and Stella's faces were ashen.

"My, by the looks of it. You failed to recognize this important detail." Jacob clicked his tongue.

"Mr. Ivanov, does this mean that all this time you were having a transaction with Mr. Pablo which is a proxy and not with the real shareholder?" One of the shareholders straightened his back and asked Mr. Ivanov.

"Of course not!" Stella stood up with an awkward smile. "I mean, of course, aside from Mr. Pablo, the deal was completed with the real shareholder." She was trying to salvage her family because the truth is they overlooked this minute detail and didn't have an idea that Mr. Pablo is just a proxy.

"It looks like you were scammed to me," Lance said but his smile is mischievous.

"What are you saying we were scammed? That is not possible. We have all the documents needed. We've checked everything." Mr. Ivanov said but he was not able to conceal his panic.

"James," Jacob called James attention who was all this time sitting in one corner.

James immediately understands. "Yes, Dr. Jacob." He stood up from his seat and walked towards the door of the conference room. All this time, J was only watching the show until her time comes.

Soon, James returned but he was not alone, because behind him is an old man in his 60's wearing a business suit. He looks like a professional but his head and shoulders were down. James leads him inside and even provides a seat for him.

As soon as he was seated, Chairman John Parker asked him instantly. "You are, Mr. Pablo's personal lawyer, right?" The old man nodded his head. "Then let me ask you, is it true that Mr. Pablo sold that 10% share to Mr. Ivanov without the knowledge of the actual shareholder?"

Before the old man could answer, he looked at the direction of Jacob.

"That's right, he sold the 10% share to Mr. Ivanov and the real shareholder didn't know about it." He replied dejectedly.

The board of directors and shareholders gasp in surprise. Some of them were angered.

"Mister did he know that we were allowed only to act and vote on behalf of the shareholder but selling that shares without the knowledge of the shareholder are beyond our rights," Lance said being a proxy just like Mr. Pablo.

J watched the scene with the utmost interest. While the Ivanov's were now sweating in panic. Why not? It looks like they were scammed and they lost billions of money.

The old man sighed and fixed his lapel. "I am not aware as to why my client did this act but I can assure you that I have nothing to do with this." He immediately cleared his name.