I Am the Third-Generation Heir of a Conglomerate - Chapter 432



Only Noblemtl

432. Prince’s Rebellion (2)

Prince Khalid, a famous Saudi investor.

He was a wealthy man with cash worth close to 20 trillion won and was an outstanding investor with influence in countries around the world.

Prince Khalid was treated with great respect wherever he went in the world.

That’s why I thought I couldn’t do anything about this purge.

Could that be why he was so relaxed?

He was enjoying himself to the fullest by posting photos taken at his private villa located on the outskirts of Saudi Arabia on social media.

#A cup of coffee #Vacation #Free person

He was someone who enjoyed using social media, even using a lot of hashtags.

I was just waiting for the purge time to end quickly.

Click! Just as you’re about to take another picture and post it on social media!

“Found it!”

“Subdue them all!”

Armed soldiers stormed into the villa.

They even mobilized helicopters to blockade the entire villa and mercilessly subdued the security guards.

At that sight, Prince Khalid quickly revealed his identity.

“Don’t you know me? Prince Khalid! Surely you don’t know who I am?”

“Prince Khalid has been secured.”

“Arrest him immediately and take him to Riyadh.”

Armed soldiers violently arrested Prince Khalid.

The soldiers sealed his mouth with a thick cloth, tied his hands and feet with ropes, and then took him onto a helicopter.

Prince Khalid continued to rebel.

Knowing himself, I couldn’t believe he would do such a radical thing.

When he continued to resist violently, the soldiers struck Prince Khalid on the head, knocking him unconscious.

How much time has passed like that?

Prince Khalid came to his senses and opened his eyes.

It was a familiar ceiling, a view from a hotel in Riyadh I often visited.

It was a very familiar sight, but it was also a very unfamiliar environment.

Because hundreds of people, including himself, were being held, and screams were coming from all directions.

“Prince Khalid has come to his senses.”

“Move to room 3 right now. The crown prince is waiting.”

“Ugh! Ugh, ugh, ugh, ugh!”

Prince Khalid kept shouting something.

I couldn’t speak properly because of the thick cloth still tightly covering my mouth.

He was dragged like an animal into a dark room, and under the dim lights he found a familiar face.

Just empty stomachs.

Crown Prince Mohammed bin Salman, who had pushed out Crown Prince Nayef and ascended to the throne, was looking down on himself.

“Open your mouth.”

“Tch! Why are you doing this to me? I have tried my best to remain neutral. You can’t do this to me, a member of the 22 tribes!”

“You still haven’t come to your senses.”

Only Bin Salman got up from his seat and left the room.

At that moment, even the dark lights went out and darkness came.

The sound of impact and screams echoed mercilessly along with the darkness.

Ten minutes later, Bin Salman returned to the room.

When the dark lights came back on, Prince Khalid looked much different than before.

Disheveled hair, swollen eyelids, and a mouth full of blood.

Prince Khalid was struggling in pain he had never felt before.

“Don’t say anything until I tell you to. Nod your head if you understand.”

“… … .”

It was Prince Khalid who was trying hard to hold back his screams.

I nodded my head vigorously, almost breaking my neck.

“Saudi Arabia is now in ruins. Its foreign exchange reserves are depleted, it is struggling to create and sell bonds, and even state-owned enterprises have to be taken public. What have you done? You have only accumulated wealth in the name of the Saudi royal family.”

“… … .”

This time it was Prince Khalid who shook his head violently from side to side.

It was really unfair.

His wealth was not due to his royal blood, but to his outstanding investment skills.

However, Bin Salman had no recognition of Prince Khalid’s abilities.

“They used their royal status to amass wealth. If the money had been in the Saudi royal family, the current financial collapse would not have occurred.”

“… … .”

“I will give you a chance. Voluntarily donate half of your wealth. If you understand, then answer now.”

“Oh, I understand. I’m willing to donate half of my wealth to the Saudi revival. I was willing to donate even if you didn’t have to be so harsh.”

For the first time in his life, Prince Khalid felt the fear of death.

Yet his eyes were still alive, and he added a little rebuke to Bin Salman, who had harmed him.

“I didn’t realize you cared so much about Saudi Arabia. If you give me half of your assets by today, I’ll let you leave the hotel.”

“My account in Saudi Arabian Bank is frozen. If you unfreeze my account, I will immediately donate $2 billion, half of my assets, to the national treasury.”

“I knew it.”

Bin Salman suddenly gets up from his seat again.

He turned off the dim lights and walked out, and once again the sound of beatings filled the room.

The beating was much more severe than the last time, and only after Prince Khalid’s face was completely disfigured did Bin Salman return.

“Can you open your eyes?”

“… … .”

Nod nod.

Bin Salman showed a piece of paper to Prince Khalid.

He even showed his meticulousness by turning on a flashlight, worried that the content might not be properly visible due to the dark lighting.

“Oh, how about this.”

“You have been ignoring the power of the Saudi royal family.”

Prince Khalid felt extreme fear after seeing the contents of the paper.

It was a document that accurately recorded his assets spread across the world, including Saudi bank accounts.

There is no greater fear and terror than feeling your life threatened by a beating.

Prince Khalid felt helpless when he found out that the Saudi royal family was holding accounts in his name that he thought no one knew about.

“$2 billion is half of the wealth? The wealth we have confirmed is over $11 billion.”

“Sorry, sorry. I will donate 6 billion dollars to the country.”

“Now you’re talking properly. But if we discover any hidden wealth, then you’re on your own.”

“It’s really over. It’s a total of 11 billion dollars, including the money deposited in Swiss banks.”

“I believe you. I will donate today.”

Bin Salman left the room.

Because the rooms he was looking for weren’t the end of it.

It was the Saudi royal family that repeated the same actions targeting over 500 royals and high-ranking officials.

Night of beatings.

It was a day that would come to be called by that name from now on.

It was also a day when Saudi Arabia’s treasury was enriched through beatings.

***

A few days later.

I took a short break in Captain Kang’s office with David and Vice President Han.

But can this be called rest?

Although he was lying on the sofa in a comfortable position, he kept talking about work-related things.

“They say that the amount that the Saudi royal family has already recovered from the national treasury has already exceeded 50 billion dollars.”

“Ultimately, it will be at least $100 billion.”

It was a list we made.

He knew better than anyone how much wealth the Saudi royal family and high-ranking officials had.

If more than half of the assets of those on the list were returned to the national treasury, it would amount to approximately $100 billion.

“Isn’t that incredible? Just by beating up high-ranking officials, they’ve spent $100 billion. That’s equivalent to the annual defense budget of the United States.”

“It means that the Saudi royal family is that powerful. And it also means that the Saudi royal family is so weak that they cannot properly manage the royal family.”

But now things are different.

Through the Great Purge, Saudi Arabia became an absolute monarchy.

A system was established where all power could be controlled by the king and the royal family.

“They say Aramco has canceled its IPO. Well, there is no reason to sell Aramco stocks when $100 billion is coming in.”

“There must be a reason why oil prices are rising.”

The price of oil fell to $30 at the beginning of the oil war.

But now that the $50 mark has been recovered, Saudi Arabia has turned the corner.

“Since we’re talking about oil prices, the stock prices of oil companies owned by Boss have also risen significantly. And as oil prices continue to rise, there are companies that are secretly trying to acquire oil companies.”

“Once the price of oil breaks through $70, that movement will be stronger. That’s at least a year away, so just manage the fish by giving them a little bit of bait.”

“Can I understand that you are willing to sell your oil company?”

David and Vice President Han looked at me in surprise.

It was an oil company that I had purchased with a huge amount of money, and they knew that I had acquired the oil company with a long-term plan.

“We acquired oil companies with long-term plans, but if we receive an offer to acquire an oil company with great terms, there is nothing we won’t sell.”

“I’ll just let it slip. There are quite a few people who don’t even approach the boss because they think he won’t sell the oil company.”

“If they really want to take over an oil company, they will approach the people closest to the US president who will be elected in this election.”

“You could sell your oil company and get some extra compensation from the U.S. government.”

By 2017, oil prices will break the $70 mark.

But then, with the arrival of the Corona era, oil prices plummeted to below $20.

So, if you sold the oil companies in 2017 and bought them back at a cheaper price, you could make several times the profit.

“Vice Chairman Han, have some fun with oil futures. If you have money left over, you can make a pretty high return on your investment over the course of a year by betting on rising oil prices.”

“We were already investing in oil. But since you mentioned this, I will increase the investment amount by more than tenfold!”

The amount of funds that Taewoo Securities could manage was too large.

Even after investing in Brexit, there was still a lot of money left over, and it was necessary to invest in various places, including oil, to make all the money work.

“By the way, the presidential election is really just around the corner. What’s the atmosphere like?”

“Good news keeps coming to Rep. Choi Jae-seok. The ruling party is completely split in two, with two candidates running for president.”

“If the ruling party’s votes are split in half, it will be good news for Rep. Choi Jae-seok.”

“The same goes for the opposition party. The new party centered in Honam is absorbing quite a lot of the opposition party’s votes.”

Unlike before the return, the new party failed to secure many seats in the general election.

However, the new party’s momentum did not completely disappear, and thanks to this, the opposition party’s votes were able to be widely dispersed.

“The more candidates there are, the better it is for Rep. Choi Jae-seok.”

“The existing three-way battle has now changed to a five-way battle. As we have a multi-party system, the competitiveness of the People’s Economy Party is being highlighted even more. In particular, the issue of establishing a 700 trillion won semiconductor city has been consistently making the front pages of newspapers.”

2016 was a year of change in power.

From corporate succession, to the replacement of Saudi Crown Prince, to the presidential elections in the United States and South Korea.

“How about the US presidential election?”

“Even though Trump was elected as the Republican candidate, the election itself is more favorable for the Democrats. The winner is likely to be whoever secures around 270 of the 538 electoral votes, and the Democrats have a huge advantage.”

The US Democratic Party had a strong base of fixed votes.

It was possible to prepare for the presidential election with at least 180 electoral votes.

Since it was an election in which they could win by securing only about 90 more electoral votes, they were able to fight a more focused campaign than the Republican Party.

“There’s still quite a bit of time left before the situation is resolved. In the meantime, we can focus on the Korean presidential election and Brexit.”

The Korean presidential election is just around the corner.

If the current atmosphere continues, Representative Choi Jae-seok will be elected without a hitch.

It was important not to let down our guard, as we never knew what variables might pop up.