What will happen if Jia Yueting does not return to China for investigation and punishment?

For Jia Yueting, founder of LeTV in the United States, the joy of the holiday may soon be diluted by an announcement from the Beijing Securities Regulatory Bureau. Whether Jia Yueting can return as scheduled will also become the biggest suspense at the end of 2017.

News Beijing Securities Regulatory Bureau late at night shouted to Jia Yueting: Return quickly at the end of the month

On the evening of December 25, the Beijing Securities Regulatory Bureau issued the "Notice on Ordering Jia Yueting to Return to China to Fulfill His Responsibilities." The notice stated that Jia Yueting stayed abroad on the grounds of investing in automobile business and financing. Related companies he controlled owed huge amounts to listed companies, which have not yet been repaid. Related actions have seriously infringed on the legitimate rights and interests of listed companies and the vital interests of investors. The "Notice" ordered Jia Yueting to return to China before December 31, earnestly perform the obligations of the company's actual controller, cooperate to solve the company's problems, and properly handle the company's risks.

This is not the first time that the Securities Regulatory Bureau has shouted at Jia Yueting. On September 13, the Beijing Municipal Securities Regulatory Bureau issued a "Letter on Supervisory Concern to Jia Yueting" to Jia Yueting, clearly requiring Jia Yueting to return to China immediately after receiving the letter. Since then, it has also repeatedly conveyed the request to Jia Yueting to return to China to fulfill his responsibilities through listed companies. However, no relevant action has been taken so far.

As soon as the announcement came out, netizens lamented: "Lao Jia's return to China next week is finally not an empty promise." However, some netizens expressed confusion: "Jia Yueting, who has been on the list of Lao Lai, cannot take the high-speed rail. If he can't spend too much, how can he come back?"

According to the China Enforcement Information Disclosure Network, Jia Yueting has been included in the list of dishonest persons subject to execution twice for violating the property reporting system. On December 11, after Jia Yueting was listed as a defaulter by the court as a natural person for the first time because he owed Ping An Securities 462.1 million yuan, he was listed as a defaulter for the first time on December 14 due to a dispute with Huafu Securities of more than 300 million yuan. The person subject to execution for breach of trust.

Focus on whether Jia Yueting can return as scheduled?

Since the crisis in LeTV’s capital chain continued to ferment, Jia Yueting resigned as chairman of LeTV and was replaced by Sun Hongbin, chairman of Sunac China. And went to the United States in July this year. At that time, Jia Yueting publicly stated that he would focus on the car-making business and the purpose of going to the United States was to raise funds for LeTV Automobile.

Seeing as half a year has passed, except for a few appearances in Hong Kong, there has been no news of Jia Yueting returning to the mainland. Since the debt problem of LeTV's unlisted system has not been properly resolved, when Jia Yueting will return to China has become the focus of attention.

Facing the severe announcement from the Beijing Municipal Securities Regulatory Bureau, how likely is it that Jia Yueting will return to China this time? Dong Dengxin, director of the Institute of Financial Securities at Wuhan University of Science and Technology, said in an interview with the media that the possibility of Jia Yueting's return is very high. Small, there are two main reasons: First, the interest-free loan promise made by Jia Yueting was not fulfilled, and he left when the company was in difficulty, requiring him to return to China to fulfill his promise; in addition, related companies controlled by Jia Yueting owed huge amounts to LeTV. This problem can only be solved by Jia Yueting returning to China. Obviously, Jia Yueting still cannot solve these problems when he returns to China. "So Jia Yueting should not dare to return to China. Returning will not solve the problem and will also bear legal responsibility, so his choice will be to still hide in the United States."

If Jia Yueting does not return as scheduled, how should the Securities Regulatory Bureau handle this? Liu Junhai, a professor of civil and commercial law at Renmin University of China, said in an interview with the media that even if Jia Yueting does not return to China, he will not hinder the relevant investigations and the introduction of relevant administrative penalties. .

Questioning whether the financing for LeTV’s autonomous vehicle project is in place?

On the same day as the China Securities Regulatory Bureau’s announcement, Jia Yueting’s Weibo showed that he and his autonomous vehicles in the United States ( Faraday Future (abbreviated as "FF") project staff took a group photo and wished everyone a Merry Christmas. The background of the photo appears to be a car factory.

As for the reason for not returning to China, Jia Yueting said in an interview in early November: "Because the debt dispute will involve me, it may have the impact of restricting my travel abroad and high consumption. Once I return to China, I will come back. Without the United States, FF’s financing will be out of the question.

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So, what stage has FF91’s financing entered? According to media reports, LeTV Auto China held an all-staff meeting on the 22nd of this month. LeTV COO Gao Jingshen confirmed that the American FF (Faraday) However, Gao Jingshen did not disclose the specific amount of FF financing and the background of the investors at the conference.

Gao Jingshen said that Faraday Future will. Implementing the Sino-US dual-home strategy, nearly 300 employees of LeTV Auto may be transferred to FF. The report also stated that after the meeting, LeTV employees received performance bonuses for 2016.

There were previous rumors. It was claimed that Li Zekai participated in FF's financing, but Li Zekai himself quickly denied it. In addition, according to netizens, former Shanda Literature CEO Hou Xiaoqiang also met Jia Yueting and his wife in the United States. According to screenshots of Hou Xiaoqiang's Toutiao micro-toutiao, he was on the third page. I tried the FF91 in Los Angeles a few days ago and met Jia Yueting and his wife. Hou Xiaoqiang said: "I tried the FF91 in Los Angeles today. The design, performance, spinning in place, and acceleration... are amazing. I met Jia Yueting and Gan Wei. As entrepreneurs, I am sincerely happy for them. Looking forward to the day of mass production. "But as of the time of publication by the Beijing Morning Post reporter, this Weibo has been deleted.

In addition to concern about unmanned vehicles, the news that Jia Yueting's wife went to the United States has once again aroused heated discussion among netizens. In November this year, Jia Yueting mentioned that he Because she owes her family for starting a business, "Xiaowei said she could start a career, but what to do with her family? All the houses were frozen, except for one house, which was bought in her mother's name. Xiaowei's card was also frozen and she could only use credit cards. 2,000 yuan, Xiaowei said she didn’t believe me anymore. So, this time I was particularly touched. ”

But what is strange is that Jia Yueting’s wife Gan Wei, who can only spend 2,000 yuan, needs to hire a life assistant with a monthly salary of more than 10,000 yuan. According to media reports, Beijing Le Yang, where Gan Wei serves as chairman Film and Television Media recently publicly recruited "Chairman's Life Assistant (English direction)" to be responsible for the English tutoring of the chairman's children, with a monthly salary of 8,001-10,000 yuan.

In September this year, there was even more controversy among self-media. It was revealed that Jia Yueting had quietly set up an irrevocable living trust, and his wife Gan Wei was the trustee of the trust fund. One of his daughters received 500 million yuan. Both LeTV and Gan Wei denied this. Don't hurt innocent people.