Jia Yueting, the founder of the LeEco financial crisis, said he was ready to take full responsibility for the debt problems of his company after the court froze some of the banking assets of the Chinese billionaire.
On his public page in the online service WeChat (the Chinese equivalent of Twitter), the top manager apologized for giving cause for unrest, and promised to pay all LeEco debts, and to complete the company's ambitious electric vehicle project.
"Please give LeEco a little more time, give LeEco a little time, and we will settle with creditors, suppliers and other debts," wrote Jia Yuetin.
This week, Chinese media published alarming reports that Jia Yuethin is no longer an authorized representative of LeEco. In addition, according to the decision of the Shanghai Court, about 183 million US dollars were blocked, which belong to Jia Yuetin, his wife and three controlled companies.
Previously, the Beijing News reported that the chairman of the supervisory board of LeEco Wu Meng (June 13, 2017) replaced Jia Yuethin as an authorized representative of the company that has the legal right to represent LeEco and perform actions on its behalf, including signing contracts.
However, the agency "Reuters" did not find confirmation of the data on the change of the authorized representative of LeEco in the online register of the national information system on credit units of China's economy.
Also Jia Yuehin stressed that he continues to play an important role in LeEco.
"I still remain the executive director of LeEco and the company's largest shareholder.
The fact that I left the post of CEO and a number of other important posts was done only to speed up the production of FF91 and to bring the product to the market as soon as possible, "the top manager explained, referring to the joint project with Faraday Future on the issue Of electric cars in the USA.
Although many analysts believe that it was this ambitious project that led to the current financial problems LeEco, which is often compared to the American giants Netflix and Tesla, Jia Yuethin made it clear that he does not intend to give up on him. The founder of LeEco said that he remains faithful to the chosen strategy in the field of electric vehicles and is still going to realize his dream and bring about a revolution in the automotive industry.