LeTV was sentenced to compensation 2 billion yuan, Jia Yueting, Jia Yueting, assumed t

The first trial of the LeTV case was released, and LeTV was sentenced to compensation for investors 2.04 billion yuan (RMB, the same below, about S $ 380 million).

Comprehensive China Securities Network, Sina Finance, etc., the Beijing Financial Court disclosed the first trial judgment on the LeTV case on Friday (September 22): LeTV's loss of the plaintiff's lossesWithin 10 days, the payable investment difference, commission, stamp duty and other compensation funds such as the payment difference, the commission, and the stamp duty were paid nearly 2.04 billion yuan.

The defendant Jia Yueting played the role of organizing, decision -making, directing LeTV, and relevant personnel to participate in the fraud. There was a intention to occur in the occurrence of false statements. The loss of the plaintiff's investor and the defendant LeTV's liability for compensation.

In terms of intermediary agencies, the defendant Ping An Securities bear the liability for compensation with the defendant LeTV on the scope of the plaintiff investor;The liability for compensation for proportion.

Shanxi Securities issued an announcement in January 2022, saying that the company's holding subsidiary Sino -German Securities received a civil prosecution from the Beijing Financial Court, which was a responsible dispute over the false statement of securities.

According to the announcement, 2,000 plaintiffs including Shanghai Junying Asset Management Partnership (Limited Partnership) filed a civil lawsuit to 21 defendants including LeTV, asking LeTV to compensate for the investment loss caused by its false statements.4.571 billion yuan, the other 20 defendants were required to bear the liability for compensation.

Data show that LeTV landed in the GEM in August 2010. The market value of 2015 exceeded 170 billion yuan, becoming the highest market value of the GEM at that time.At the end of 2016, LeTV's capital chain issues broke out and fell into a debt crisis.Jia Yueting ran out of the United States in July 2017 and has not yet returned.

Because of LeTV and Jia Yueting's suspected information disclosure of illegal and violations, the China Securities Regulatory Commission announced in April 2019 that it would investigate LeTV and Jia Yueting.On July 21, 2020, LeTV was delisted and terminated listing transactions. LeTV's stock price closed at 0.18 yuan on the same day.

In April 2021, the China Securities Regulatory Commission imposed administrative penalties for 15 responsible subjects including LeTV and Jia Yueting, of which more than 240 million yuan was fined LeTV and a fine of more than 241 million yuan on Jia Yueting.