CHINA Wife of wanted tech-firm founder Jia Yueting returns to China

CHINA

Wife of wanted tech-firm founder Jia Yueting returns to China

Global Times

04:17, January 01, 2018

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The wife of a Chinese tech conglomerate founder returned to Beijing from the US on Sunday, media reported, the same day as the deadline issued by China's securities regulator for her husband's return.

"Back on the last day of 2017 with a mission," Gan Wei, wife of LeEco founder Jia Yueting, posted on her personal microblog account on Sunday morning allegedly from Terminal 3 of Beijing Capital International Airport. 

"The road ahead in 2018 is long," she said in the post in an indication that Gan has returned to China according to a xinhuanet report. 

The Beijing branch of the China Securities Regulatory Commission issued a notice on its website on Monday that LeEco founder Jia Yueting must return to China before December 31 to address mounting debt related to his firms and "fulfill his obligation" to protect investors' rights. 

"The firms you control owe huge amounts to listed companies which has not yet been returned, thus seriously harming the legal rights of listed companies and the personal interests of a wide range of investors," the regulator posted.

In September, the regulator asked Jia to return to China from overseas and he apparently did not comply. 

Jia's location has not been reported. His personal microblog account was last updated on December 25. 

On Friday the Shenzhen stock exchange reprimanded Jia Yueting and Jia Yuefang, shareholders of Leshi Internet Information & Technology Corp, the listed arm of LeEco, and said their alleged misdeeds will be made open to the public.   

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