Chapter 972 - 972 In the End, The Company Was Shut Down

972 In the End, The Company Was Shut Down

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Gu Qinyue and Yu Jiafeis popularity had yet to die down.

A Weibo blogger posted another Weibo, and the content was very simple.

[Qingfeng Mingyue: The chairman of Star Creator Entertainment, Wu Yongli, has been arrested. The specific reason is still unknown. I will continue to update if there is any follow-up (picture). photo.jpg)]

There were two pictures attached, one of the police car parked in front of the building of Star Creator Entertainment, and the other of the police pus.h.i.+ng Wu Yongli into the police car.

When this Weibo post appeared, it blew up.

Three topics appeared on Weibos hot search in a row, occupying the top three hot searches in a short 20 minutes.

#Wu Yongli Arrested#

#Shenghe Entertainments Background#

#Star Creator Entertainment Regrets#

The comments below were very lively.

[Energetic Girl: Its over, its over. Star Creator Entertainment is going to be over. I feel like Im floating. Whats going on?]

[Dog Food Tyc.o.o.n: This Star Creator Entertainment has encountered a tough opponent. Of all the people they could offend, why did they have to offend Shenghe Entertainment?]

[Your Yaoyao: Whats the background of Shenghe Entertainment? A newly established company actually forced Star Creator Entertainment to this extent? You must know that Star Creator Entertainment is the leading company in the entertainment industry. It has been developing for several years and has a lot of connections and money. I can only say that Im convinced!]

The other companies in the entertainment industry had to pay attention to Shenghe Entertainment and began to investigate.

Some companies in other industries also conducted investigations.

Although Shenghe Entertainment was just an entertainment company, the person behind the scenes was not simple. He probably had more than one company under his name.

It would only be beneficial to them if they found out.

Of course, Qin Sheng would not be easily found out by them.

Wu Yongli was arrested, and the entire Star Creator Entertainment was in a bad state. Qin Churou and Li Xueyun were also restless.

The public opinion on the internet was very strong.

They all requested the police station to announce the case.

With the evidence provided by Su Yixiu and Qin Sheng, their speed was very fast. After searching through the information taken from Star Creator Entertainment, it only took them two days to announce the case.

[Imperial Capitals Liu An District Police Station V: After investigation, we have found out that Star Creator Entertainment has committed bribery, tax evasion, money laundering, and illegal and unfair compet.i.tion. The evidence is conclusive and the situation is bad. We will sue Star Creator Entertainment as soon as possible.]

Wu Yongli arranged for someone to defend him in court in order to reduce his sentence.

However, it was of no use.

The courts verdict was out.

Star Creator Entertainment would return the amount of tax evasion and fines, freeze and investigate their a.s.sets, take them out of the market, and close down the company. In addition, Wu Yongli was sentenced to 10 years in prison.

The results did not disappoint.

Those artistes contracts with Star Creator Entertainment were automatically void.

The media reported on the matter.

For a moment, the netizens were very surprised. They didnt expect the matter to be so serious that it would actually reach the point of seizing the companys property.

After thinking about what Star Creator Entertainment had done, they felt relieved.

Two weeks ago, Star Creator Entertainment was still at its peak.

In just over a week, the companys scandals were exposed by Shenghe Entertainment, and the company was even seized. It was really sad.

Even though Shenghe Entertainment did not respond to this, everyone guessed that it was Shenghe Entertainments doing.

Shenghe Entertainment suddenly had many fans.

Many artistes and managers wanted to join Shenghe Entertainment, and Shenghe Entertainment was very strict in selecting their artistes.

Out of twenty people, probably not even one would be able to enter.

Many of the popular artistes at Star Creator Entertainment were eliminated.