Business Owner with Debt of Nearly 90 Million Stays in Luxury Mansion, Gets Handcuffed for 10 Minutes, Agrees to Pay Back 7 Million

Reported 8 months ago

A man with the surname Cai in China owned a large single-floor apartment in Shanghai, but failed to pay debts of 1.6 million RMB (approximately 7.14 million NTD) for a long time. The court announced judicial detention, prompting him to immediately agree to raise money to repay the debts. The court seized his apartment worth around 20 million RMB (approximately 89.35 million NTD) to pay off the debt. After being handcuffed, Cai quickly raised and transferred the full amount of 1.6 million RMB within an hour.

Source: YAHOO

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