LeEco's assets worth â¹1,200 crore frozen over unpaid debt
A Shanghai court has frozen nearly â¹1,200 crore in assets owned by technology company LeEco's Co-founder Jia Yueting, his wife Gan Wei, and three subsidiaries. The order was carried out on behalf of the China Merchants Bank because LeEco missed interest payments. The company's financial woes surfaced after Yueting slashed his pay to â¹10 (15 cents) in November 2016.