Faraday Future Co-founder Defies Court Order to Return to China to Face Debt Obligations

By Ray Prince Jia Yueting, Faraday Future co-founder, is facing heat from Chinese regulators to address mounting debts from vendors tied to LeEco, ignoring a court order for him to return last Dec. 31.
In a notice by the China Securities Regulatory Commission (CSRC), as reported by multiple Chinese media agencies, Yueting defaulted on interest-free loans to various creditors. These loans were used to fund LeEco’s business ventures before Yueting resigned last May.
In a note to his WeChat social media account, Yueting has stated the need to remain in the U.S. to continue development of the FF91 and to resolve

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