Can running abroad help one escape? The country’s investigation won’t reach overseas, and by then, the 50 billion will become Xu's family’s private property, for the enjoyment of Xu's descendants.
But he forgot, the mantis stalks the cicada, unaware of the oriole behind. There are still many creditors abroad eagerly waiting for Ding Yumei's arrival.
Now it's good, the London court has issued a global asset tracing order, and Ding Yumei's assets have also been frozen; she can't escape anymore!
In 2022, Xu Jiayin and Ding Yumei had a technical divorce, attempting to transfer assets and evade legal sanctions.
In July 2023, Ding Yumei flew directly from Hong Kong to Canada, successfully fleeing, and in August 2023, she obtained Canadian citizenship.
Ding Yumei, now a Canadian citizen, is very happy, letting Old Xu and the younger son work the sewing machine while she holds 50 billion in funds, staying away from Evergrande's troubles and not having to worry about standing in the defendant's seat. At least half of Old Xu's family and money have already escaped.
However, foreign creditors are also not easy to fool. Evergrande is a publicly listed company in Hong Kong, and naturally, it must go through liquidation procedures in Hong Kong. Thus, the Hong Kong court appointed a professional team as Evergrande's liquidators. Once the liquidators took over, Evergrande was no longer Xu Jiayin's Evergrande; they will thoroughly investigate how big the hole is and how much assets were transferred.
When Xu Jiayin's embezzlement of Evergrande's accounts was confirmed one by one, the liquidators sued Xu Jiayin and several executives in the name of China Evergrande, demanding the return of all high salary dividends since 2017, totaling about 6 billion US dollars.
Xu Jiayin never imagined that he would be sued by Evergrande, which he founded. Of course, Old Xu is already so troubled that he doesn't care; he’s already a dead pig that’s not afraid of boiling water. The only concern is whether the money Ding Yumei took out can land smoothly.
Ding Yumei was originally not the focus of attention, but the villas, luxury cars, and yachts under her name were too ostentatious. These assets were purchased by Xu Jiayin and registered under Ding Yumei's name, which has now completely confirmed the suspicion of asset transfer.
Thus, the Hong Kong court issued an asset tracing order against Ding Yumei. Soon after, the London court also issued a global tracing order for Ding Yumei's assets, freezing all her assets while allowing her to receive only 20,000 pounds a month for living expenses. Ding Yumei is now guarding a mountain of gold but has no fortune to spend.
Interestingly, Xu Jiayin racked his brains to transfer assets but did not realize that Evergrande is a publicly listed company in Hong Kong, which was previously under British jurisdiction. The two types of laws are interconnected. Ding Yumei ran to Canada, which is also a Commonwealth country; running back and forth, she is still going in circles.
How much money did Ding Yumei actually take away? There is still no definitive answer, but the Angsah people will find out clearly, and Ding Yumei will confess everything. If she is unwilling to confess fully and wants to keep some for her retirement, she should consider the fates of Zhao Changpeng, Lin Jianxin, and Zhao Anji.
The Angsah people are just afraid you have no money. As long as you have money, no matter how tough your mouth is, they will have a hundred ways to make you willingly pay. If you refuse, they will hand you over to the sharks of the Atlantic.
Old Xu's ex-wife and 50 billion are in grave danger!
