Another 206 million yuan of Jia Yueting's assets have been frozen, and it seems that the label of "deadbeat" cannot be torn off

Information released by the China Judgments Online website yesterday showed that Jia Yueting and LeTV, which he founded, once again became the parties subject to execution and property preservation was applied for due to unpaid loans.

This time, the court ruled to freeze, seal up, and seize 206 million yuan in deposits or other property of equal value of Jia Yueting and related units.

The judgment document shows that in the case of the Beijing Branch of China Zheshang Bank suing LeTV Sports Culture Industry Development (Beijing) Co., Ltd., Jia Yueting, LeTV Holdings (Beijing) Co., Ltd., and Xiamen Octopus Interactive Network Technology Co., Ltd. for a financial loan contract dispute, the applicant Beijing Branch of China Zheshang Bank applied for property preservation on July 26, 2018, requesting to freeze the bank deposits of 206 million yuan of the four respondents in accordance with the law, or to seal up and seize other properties of equal value. China Zheshang Bank Co., Ltd. issued a guarantee letter to provide guarantee for this case.

It is reported that from July 2015 to April 2016, China Zheshang Bank carried out five LeTV stock pledge projects, of which four have been settled normally, and the remaining principal balance is about 800 million yuan.

Previously, Jia Yueting, LeEco Holdings and LeEco Mobile have been included in the list of dishonest persons subject to enforcement (Laolai). LeEco is still mired in debt.

According to the information displayed on the China Enforcement Information Disclosure Network, Jia Yueting currently has 13 enforcement information and has been listed as a dishonest debtor 8 times.

LeTV's previous announcement showed that the company expected to lose about 1.1 billion yuan in the first half of 2018, which would result in negative net assets attributable to shareholders of the listed company as of June 30, 2018. If the company's net assets for the whole year of 2018 are negative after the audit, the company is at risk of having its shares suspended from listing.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.