Jia Yueting and LeEco are restricted from spending the 830 million yuan of funds due to the legal case.
Tianyancha's legal litigation information shows that recently, LeTV Holdings Co., Ltd. and Jia Yueting have been issued a new consumption restriction order by the Beijing Financial Court. The case process information shows that previously, LeTV Holdings Co., Ltd. and Jia Yueting had been executed for more than 830 million yuan in this case. LeTV Holdings Co., Ltd. was established in September 2011, with Wu Meng as the legal representative and a registered capital of 1 billion RMB. Its business scope includes project investment, investment management, asset management, etc. It is jointly owned by Jia Yueting, Huixin Asset Management Partnership Enterprise, Chenxi Asset Management Partnership Enterprise, and Jia Yuefang, with Jia Yueting holding approximately 92% of the shares.
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