The legal representative of Ofo has been banned from leaving China by a court in Shanghai.
Ofo法定代表人被上海某法院限制出境。
The court put Chen Zhengjiang, the legal representative of Ofo's operating company Dongxia Datong (Beijing) Management Consultancy, on a blacklist on Wednesday after the firm refused to pay 120,000 yuan (17,351 U.S. dollars) to a
creditor1.
Chen joins several other Ofo executives on court blacklists, including the company's
founder2 Dai Wei, its co-founder Yang Pinjie, and its general manager Chen Jing. As well as being prohibited from traveling overseas, they are banned from making high-end purchases, including buying luxury goods and real estate, staying in high-end hotels, and traveling by plane or high-speed train.
The bike-sharing firm founded in 2015 now faces multiple
lawsuits3 and demands for
refunds4 from users. By the end of May, more than 15 million users were waiting for their deposit to be
refunded5, according to Changjiang Times. Ofo
initially6 asked users to pay a deposit of 99 yuan; it was later increased to 199 yuan. The total value of refunds due amounts to between 1.48 billion yuan and 2.98 billion yuan.
Around 200
judgments7 have been made against the company by courts around the country. And the firm's stock
equity8, worth over 17 million yuan, also been frozen.