China blacklists businessman over RM36.5mil in unpaid debt


(FILES) This file picture taken on April 14, 2017 shows Yonghong Li, then-owner of the AC Milan football club, posing with a jersey of the club during a press conference in Milan. - The former Chinese owner of AC Milan on October 2018 has been added to Chinas blacklist of untrustworthy individuals over millions of dollars in unpaid debt, according to a local court, which ordered that his passport be confiscated. (Photo by MIGUEL MEDINA / AFP)

Beijing: The former Chinese owner of AC Milan has been added to China’s blacklist of untrustworthy individuals over millions of dollars in unpaid debt, according to a local court, which ordered that his passport be confiscated.

Li Yonghong (pic) emerged from obscurity to purchase one of Europe’s most high-profile and decorated football clubs from former Italian prime minister Silvio Berlusconi in 2017.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

World , world

   

Next In Regional

Acting legend Tony Leung, Nvidia chief Huang get honorary doctorates from HK uni
India reports 'good progress' in Asean-India trade pact review talks
KL in 50th spot as London crowned world's best city for 10th consecutive year
Malaysia commends Laos for successful Asean 2024 chairmanship
Supply chain snags: Airlines in Malaysia, Thailand among those affected as travel demand rebounds
41 passengers injured as Hong Kong ferry bumps into pier on Central’s waterfront
DPM Zahid emphasises shared goals in meeting with Philippines President Marcos
Malaysia’s strategies as Asean chair in 2025 focus on regional value chains, says Anwar
Asean Foreign Ministers' meeting kicks off in Laos ahead of 44th and 45th Asean Summits
Asean must remain neutral to boost regional investment, says Tengku Zafrul

Others Also Read