Debt-ridden, the founder of LeEco ordered to return to China

Photo: Jeff Chiu Associated Press
The name of Jia Yueting has been added to the black list of debtors in default of payment by the justice of china, which claims hundreds of millions of dollars of unpaid loans.

Beijing — The flamboyant giant of the Internet in china Jia Yueting, which was a time stated that his company LeEco was able to absorb Apple and Tesla, has been ordered to return to China by the financial regulators to answer for the debt colossal in its group.

 

The name Jia, which are believed to be located in the United States in the process of trying to launch in Los Angeles his company’s electric car, has been added to the black list of debtors in default of payment this month by the justice of china, which claims hundreds of millions of dollars of unpaid loans.

 

The official agency information Xinhua said that this was the second time that regulators ordered to return to China after he apparently ignored a first injunction. The section pecking of the procurement regulatory Commission ” orders you to return to China before December 31, 2017 “, said Monday in a note to the commission on its website.

 

If he were to return to China after his name was placed on the black list, Jia could not take the plane, high speed trains or staying in luxury hotels. It could also be prevented from leaving China.

 

The conglomerate in trouble was founded in 2004 by Jia Xinhua as the platform continues to broadcast online, but it is heavily indebted in recent years to engage the company in a range of new activities, ranging from games to sports and cars.

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