The 27-year-old ofo's de facto controller, Dewey, has been placed on the list of restricted consumers and at risk of being added to the list of unscrupulous executors, putting a series of lists on China's Open Information Enforcement website (hereinafter known as "Open") under renewed scrutiny. Letv founder Jia Yueting has been listed on the National Court of Justice's list of implementers for more than a year.
As of January 16, the number of cases listed on the public web as implementers had reached twelve million nine hundred and sixty two thousand. Jia Yueting's record of breach of trust accounts for 8 of the nearly 13 million cases of breach of trust.
Jia Yueting, a member of China's list of implementers who continue to build cars in the United States, is controversial. Many people will ask how likely they are to leave the country or even emigrate after being put on the list of people who have broken their promises.
Ma Ning, a partner at lawer, a US immigrant and lawer firm, told first Financial journalist that before being included in the list of implementers who had broken their promises, Jia Yueting entered the United States on an L1 visa (one of the entry permits for foreign businessmen and foreign experts to work in the United States for a long period of time) and then stayed in the United States using the International Manager's Visa (EB-1C). "from July 2017 to now, He has been here for more than a year, and if he goes well, he should be able to get the American green card in two years. "
U.S. visa rules allow L1 holders' families to work in the United States, while children receive free educational benefits in the United States. Jia Yueting can stay in the United States for up to seven years with this visa. After holding L1 for one year, you can apply for a green card via EB-1C.
Jia Yueting was last listed as one of the implementers.
According to Ma Ning's experience, being included in the list of unscrupulous executors does not affect their acquisition of foreign status. In general, most countries do not accept immigration applications involving crime, but breach of faith is not a crime and is not within the limits of immigration countries.
Peng Jiarong, CEO of US investment company Yuvo Capital, said that visa applications such as the US investment immigrant EB-5 (Investment Visa) are relatively loose, requiring only investors to prove that the source of investment funds is legal. And can create 10 jobs for Americans, will not look at its record of breach of trust, is feasible at the law level in the United States. But after being put on the list, the domestic property of the discrediting person cannot be traded or mortgaged, and the banks will be restricted, and it will be more difficult to find other sources of funding and proof.
According to the consumption restriction order issued by the Haidian District people's Court of Beijing to Dai Wei, he may not carry out the following high consumption and consumption behaviors that are not necessary for life and work: (1) when travelling by means of transportation, he chooses the plane and the soft berth of the train. Ships at or above the second class; (2) to make high consumption in hotels, nightclubs and golf courses at or above the star level; (3) to purchase real estate or to build, expand or decorate high-grade houses; (4) to rent high-grade office buildings, guesthouses, apartments and other places to work; (5) purchase non-operating essential vehicles; (6) travel and vacation; (7) attend high-fee private schools; (8) pay high premium to purchase insurance financial products; (9) all seats on G-type EMU trains and other consumption behaviors that are not necessary for living and working, such as those on other EMU trains above the first class.
The abovementioned inability to fly by plane, high-speed rail, or a series of high-cost and related spending restrictions is also a general measure of law regulations for all those listed as implementers.
As of January 16, 2019, the China Executive Information Open website showed a list of those who had broken their promises and limited the number of passengers flown by train.
In addition to financial institutions, such as banks and other financial institutions, online trading accounts such as Alipay and Jingdong are also working with the Supreme Court to oversee breaches, said Chen Liqing, director of China's law at lawer in Shanghai. In addition, restrictions on entry and exit, as well as restrictions on high consumption, are common, and some courts limit the driving behaviour of those who break their promises.
To avoid restrictions, some would try to avoid the impact of the list by buying a new passport from the island. But Ma Ning said, buy a new passport in the actual operation there are some problems. After all, leaving the country with a blank passport without an entry record is not logically valid.
Although far away in the United States, Jia Yueting still had to meet his obligation of repayment.
Public information shows that Letv Holdings and Jia Yueting assumed unlimited joint and several liability to ensure that guarantee's Minsheng Trust 1 billion arrears were recently returned by Sun Hongbin controlled by Le Rong caused by new self-raised 900 million funds. As of January 8, 2019, Jia Yueting's stake was fifty nine million one hundred and twenty eight thousand nine hundred and ninety nine shares lower than on June 30, 2018, and, according to a previous email from Jia Yueting, the shares it had disposed of were used to pay off its debts.
On the evening of January 9, Leeco announced that after Le Rong was no longer included in the merger, according to preliminary statistics, until now, the merger scope of listed companies receivable about two billion eight hundred and thirty nine million nine hundred and ninety nine thousand nine hundred and ninety nine yuan to major shareholders and related parties. This means that Jia Yueting's debt to Leeco fell by 3.86 billion yuan from about 6.7 billion yuan. On Jan. 8, a commercial real estate project in the Sanlitun area of Beijing was auctioned by Shimaogong No. 3, a commercial real estate project under Jia Yueting's name.
According to public reports, many creditors also pursued the United States prosecute Jia Yueting. At the end of 2018, the Federal District Court of California issued an "interim restraining order", freezing Faraday's failure to Faraday
Jia Yueting, chief executive of Future (hereinafter referred to as "FF"), holds a 33 percent stake and issues interim protection orders for four California luxury homes owned by Mr. Jia, whose assets were frozen worth more than $1.5 billion. This is the second time a US court has frozen Jia Yueting's $1.48 billion stake in FF. Jia Yueting's 4 luxury homes have been fully mortgaged in June 2017.