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Brought to you by: Loki Andres, Megan Bennet | Business/Finance
~ 335 words
Left, James Bamain (Left), Ivan J. Tsar
Right, James Bamain (Left), Ivan J. Tsar
On 16 February, Mr Luke Scottson, the Minister of Finance for UNC, issued an order of FIB to RunWiz and Tsar Industries.
He represented the Ministry of Finance, and reinforced that the decision was made by the Royal Police Force and the Ministry of Finance together.
The order of FIB (Forcible Intervention of Business) will put Project FlyWiz on hold until further notice. It is only issued if there is severe suspicion of unlawful transactions. Although no evidence has been published to the public, it has caused inconvenience to many of the investors funding Project FlyWiz.
It has halted transactions regarding large sums of money between Tsar Industries and RunWiz, including the online reservation system for pre-ordering the model.
Before the unfortunate order, Tsar Industries and RunWiz had been working together closely for a big project - The FlyWiz Model.
RunWiz, ranking 9th on the World's Top 20 Companies, is known for producing luxury and powerful cars, as well as dominating the aircraft engine field, suppling Oak Airlines with their aircraft engines. Tsar Industries is the leading giant in producing automobiles, with its electric cars dominating the road. It is ranked 8th on the World's Top 20 Companies, and primarily profiting from its LightRun V2, a powerful sports car.
Mr Luke Scottson was seen on 15 February, at the CBFM (Centre for Business and Financial Matters). He was engaged in conversation with Ivan Jay Tsar, CEO of Tsar Industries and James Bamain, CEO of RunWiz. According to Henry Bosman, a spokesman for Tsar Industries, Mr Tsar and Mr Bamain were very disappointed with the results of the talks.
Two hours following the trio's discussion, Tsar Industries official PROupdates account @Tsar_Industries, sent an update about halting the project until the Ministry of Finance advises the next suitable action. The reason behind the sudden decision remains unknown.
Many eager citizens were upset to hear this piece of news and some took to freespeech.dom to express their dissatisfaction. The Ministry of Finance has yet to publish a response.