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Chinese courts blacklist nearly 9.6 mn defaulters

Saturday - January 13, 2018 8:18 pm , Category : BUSINESS

Beijing Jan 13 (IANS) More than 9.59 million people had been placed on a credit blacklist for defaulting by the end of 2017 according to the Supreme People s Court (SPC).



Defaulters have been restrained from purchasing more than 9.36 million plane tickets and 3.67 million high-speed train tickets by the end of 2017 the SPC said Xinhua news agency reported on Saturday.

The SPC has cooperated with airlines and railway companies to bar the people who have defaulted from purchasing tickets based on ID card information and their passports.

Moreover the SPC has worked with banks to reject their loan and credit card applications.

Courts nationwide had frozen deposits totalling more than 180 billion yuan ($27.7 billion) owned by defaulters the SPC said.

People on the blacklist are also restricted from serving as corporate representatives or executives.

--IANS
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