Chapter 35 - Seed Money Soaked With Tears (4)
Gun-Ho deposited 515 million won in the company’s bank account, which he borrowed earlier.
“I paid it all back to the company. I didn’t even miss a penny, but I guess I will still have to pay for touching the company’s money.”
Gun-Ho gave a lot of thought on how he would handle the consequences.
“Once an outbound cash flow occurs in a business bank account for any reason, a statement for the activity must be made. The same applies to inbound cash flow as well. What am I gonna do then? Should I hand in my resignation letter and just quit my job? Even after paying all the money back to the company, I still have 530 million won in my personal bank account. It is enough money for myself to live by. Should I do that?”
Gun-Ho thought of confessing to what he did to the president.
“The president will get furious for the fact that I touched the company money. Even if I don’t tell the president, I can get caught during an internal audit or an external CPA audit…”
Gun-Ho had been racking his brains for a while but couldn’t find any good way to handle the situation.
“If I just quit the job and run away, I could be charged with a crime. Let’s start the wage distribution process for now. I will have to keep my 530 million won in my account at all costs…”
Gun-Ho went to the president’s office in order to start the wage distribution process.
“I will distribute paychecks this morning.”
“Hmm… you will? How much will it be in total?”
“It will be 214 million won. I will use the B2B discounted funds received from Mulpasaneop.”
“How much will be left after paying the wages?”
“301 million won will be left. The remaining funds will be used to pay for the raw materials on the 30th. And we will have to pay for the secured loan interest on the 28th.”
“Hmm. Okay.”
The president signed on the wage payment document.
“Well, a business entity can invest in stocks. In this case, the earning is treated as a capital gain and should be deposited in the business account. However, if the money was transferred to a personal account, and the person made money out of it and the company found it out, then the company could ask that person to return that earning as well. Practically it is hard to find out.”
“Then if the company doesn’t file a report for use of company money, if not embezzlement, then it is possible that my friend wouldn’t be charged with anything.”
“Usually, even though the person didn’t cause any loss to the company, they don’t let him keep the job. Whether they file a report or not is really their call.”
“Thank you so much for your time.”
“You’re welcome. If you have further questions, please let me know any time.”
Gun-Ho made up his mind. He picked a day when the president seemed to be in a good mood. Gun-Ho went to the president’s office with his letter of resignation.
“What is it?”
“I made a mistake. I am terribly sorry.”
When Gun-Ho handed over his resignation letter, the president’s eyes widened.
“What happened?”
“I… I transferred money from the company’s business account to my personal account and put it back to the company account after a few days.”
“What?”
“I am terribly sorry. I didn’t cause any loss to the company but it is still wrong. So I will resign from my position.”
“What? What? What the… what are you talking about?”
The president jumped up from his seat. He started speaking the dialect. That meant he got furious.
“I do apologize. I am so so sorry, sir.”
Gun-Ho gave a 90-degree bow to the president.
“Bring the current bank statement for each bank right now!”
“I just printed them out. Here they are.”
Gun-Ho took out the bank statements from the folder he was carrying.
The president thoroughly looked at the bank statement for each bank, especially the Industrial Bank of Korea’s bank statement.
“I transferred the B2B discounted payment to my account on the 5th and put the same amount back to the company’s account on the 20th.”
The president stared at the bank statements for quite a while, and then he crumbled the papers and threw them to the floor ruthlessly.
“So, you touched the company money, huh?”
“I am terribly sorry.”
“You, f*cking as*hole!”
The president kicked Gun-Ho’s shin.
“Oww!”
“That money is the company money. Even I can’t freely touch it. How dare you take it out and put it back any way you want? Do you think you can do that as long as you don’t cause any financial loss to the company?”
“I am so sorry.”
Gun-Ho kneeled on the floor in the president’s office.
“I considered you as my younger brother so I wanted to support you to grow well in my company, and you did this to me? You moron f*cker!”
The president was breathing heavily in anger. He grabbed the orchid plant from his desk and threw it toward the wall close to Gun-Ho. The plant was smashed into pieces while spattering soil in the air.
“I am terribly sorry.”
Gun-Ho begged for the president’s forgiveness while kneeling on the floor with his head on the floor as well.