Yida Zhang’s Race Against Time to Settle $400,000 Debt or Face Jail


Yida Zhang, a Chinese investor from Yida International Ltd, is pressured to settle a payment exceeding $400,000 to Lux Locations within a month for services related to a land sale in 2014.

This stems from a decade-old dispute where Lux Locations sought a $3 million commission, leading to a legal battle that reached London’s Privy Council.

Due to Zhang’s non-compliance, the High Court allowed Lux Locations to sell Zhang’s shares and imposed restrictions. Despite a contempt warning and a court summons, Zhang wired a payment just before a hearing.

However, disputes over the amount persisted, and an agreement was reached. The court ruled that if the full payment did not reflect in Lux Locations’ account by November 24, Zhang would face 14 days in prison, with further imprisonment if the remaining balance wasn’t settled by December 31.

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  1. Reverted Justice, for the perverted deeds; of our Grand DIllusional Master Boos Coon: T’was but less than twenty four hours waiting for the ink to dry on the election results: when, “News” of a two hundred fifty million dollars pie, dropped from the sky, as seed money for the revitalizing of Parham’s North Sound costal environment: and what with the effusive elation and quotes of who from among the downtrodden will be left to the pitty of the dusk at the dawning of The Boss Coon ascendance to A. B. L . P relativity and, the beginning of warm bed fellow dealings of the Under The Table Auctioning Off-Of Antigua Barbuda Hence! The Fleecing Of The Masses Patrimony By The Contempt Of The Fitid Few.

  2. @ Handit2me

    He should let Gaston pay it for him. I mean, this is a drop in the ocean compared to the amounts being incurred by the seizure of the Alfa Nero.

    Peanut change. Remember he is valued @ $300,000,000.00

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