2/14/2008

If you dare not to pay off credit card debt of RMB40,000, you have to prepare to be jailed for 3.5 years in Mainland China

Credit card fraudster jailed for 3.5 years for failing to pay back RMB40,000 in credit card debt

According to South China Morning Post of 13 February 2008, an unemployed Shenyang man has been jailed for 3.5 years for failing to pay back 40,000 yuan in credit card debt, Xinhuanet reports.

ZHANG, Zhimin, 33, was convicted of fraud because he failed to pay off the debt on four credit cards used to buy luxury goods।

Comments: In Mainland China, some civil cases may turn into criminal cases, and the division line is not always clear, that is why the Chinese police are occasionally complained of being used by powerful persons as a tool to collect outstanding debts.

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