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Leeco Founder Jia Yueting Added To Blacklist Of Debt Defaulters In China - Phones - Nairaland

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Leeco Founder Jia Yueting Added To Blacklist Of Debt Defaulters In China by TechZiga: 8:44am On Dec 14, 2017
Founder and former CEO of LeEco Mr. Jia Yueting, has been added to the blacklist of debt defaulters in China. Mr. Yueting failed to settle the debt of around $72 million to owed to the Ping An Securities Group, an investment company that belongs to China’s second-largest insurer. His name is now listed among other debt defaulters on shixin.court.gov.cn and can easily be seen by anyone due to his popularity. Also included in the list are the two subsidiaries LeEco, LeShi Holding and LeShi Yidong.

In 2013, China’s Supreme Court started making name of debt defaulters public in order to shame them. As part of their punishment, those found on the list are ban from travelling by airplane or use first-class service on bullet trains in China. Also they are ban from using other luxuries such as premium hotels and golf courses. The are not allowed to invest in properties and their children are barred from studying at private schools.

Yueting had a net worth of $6 billion two years ago, but it has reportedly fallen to $3.8 billion in March this year.

Source: http://www.techchairman.com/2017/12/leeco-founder-jia-yueting-added-to.html

Re: Leeco Founder Jia Yueting Added To Blacklist Of Debt Defaulters In China by omololu2020(m): 10:40am On Dec 14, 2017
All this stinking rich people no like to dey pay back money grin
Re: Leeco Founder Jia Yueting Added To Blacklist Of Debt Defaulters In China by TechZiga: 7:21pm On Dec 14, 2017
Lol that is why they are rich.
omololu2020:
All this stinking rich people no like to dey pay back money grin
Re: Leeco Founder Jia Yueting Added To Blacklist Of Debt Defaulters In China by michlins(m): 10:33pm On Dec 14, 2017
TechZiga:
Lol that is why they are rich.
exactly.
Re: Leeco Founder Jia Yueting Added To Blacklist Of Debt Defaulters In China by Franky826: 10:50pm On Dec 14, 2017
Wow. Bad news for the leEco brand and their wonderful and affordable smartphones
Re: Leeco Founder Jia Yueting Added To Blacklist Of Debt Defaulters In China by TechZiga: 9:53am On Dec 15, 2017
You are right
Franky826:
Wow. Bad news for the leEco brand and their wonderful and affordable smartphones

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