Jia Yueting, the founder of Leshi and EV maker Faraday Future. The CSRC has been urging him to return to China to repay his debts since 2019. Photo: Reuters
Jia Yueting, the founder of Leshi and EV maker Faraday Future. The CSRC has been urging him to return to China to repay his debts since 2019. Photo: Reuters
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Leshi, once hailed as ‘China’s Netflix’, and founder Jia Yueting hit with fines worth US$73.6 million in China for financial fraud

  • Leshi is fined 240.6 million yuan, and Jia is fined 241 million yuan for falsifying earnings, misreporting facts in IPO documents
  • Fines come after Jia’s EV start-up FF, which has merged with a blank-cheque company, attempts to raise money in US

Jia Yueting, the founder of Leshi and EV maker Faraday Future. The CSRC has been urging him to return to China to repay his debts since 2019. Photo: Reuters
Jia Yueting, the founder of Leshi and EV maker Faraday Future. The CSRC has been urging him to return to China to repay his debts since 2019. Photo: Reuters
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