Jia Yueting was applied by the CSRC to restrict high consumption: failing to fulfill a fine of 240 million.

Thanks to CTOnews.com netizen Xiao Zhan for the clue delivery! CTOnews.com, June 15, recently, due to failure to fulfill the payment obligations stipulated in the effective legal documents on time, Jia Yueting added a consumption restriction order, the applicant is the China Securities Regulatory Commission, involving the administrative non-actionable enforcement case.

Source: China Executive Information publicity Network CTOnews.com noted that the restriction order points out that Jia Yueting is restricted from implementing the following high consumption and non-essential consumption behaviors for life and work: (1) when taking means of transport, choose second-class or above space such as plane, train soft berth and ship; (2) carry out high consumption in places such as hotels, hotels, nightclubs and golf courses above star level. (3) purchase real estate or build, expand or decorate houses; (4) lease high-end office buildings, hotels, apartments and other places to work; (5) purchase non-essential vehicles; (6) travel and vacation; (7) study in high-fee private schools; (8) pay high premiums for insurance financial products (9) other consumption behaviors that are not necessary for life and work, such as taking all the seats of the G-prefix EMU train and the first-class seats of other EMU trains. If the aforementioned prohibited consumption activities are carried out due to the necessity of daily life, an application shall be submitted to the court for approval.

On April 12, 2021, Leeco announced that for ten consecutive years of financial fraud from 2007 to 2016, the Beijing Regulatory Administration of the China Securities Regulatory Commission fined Leeco a total of 240.6 million yuan and Jia Yueting a total of 241 million yuan. Previously, the China Securities Regulatory Commission has applied for restrictions on consumption of Leeco Information Technology (Beijing) Co., Ltd.

Public information shows that Jia Yueting was recently applied for cancellation by Ping an Bank again, relating to more than 40 restrictions on consumption orders, including a number of banks, securities companies and so on.