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在线翻译:
szdaily -> Shenzhen
Company boss ordered to assume joint liability in lending dispute
    2018-January-10  08:53    Shenzhen Daily

THE boss of Shenzhen Yueshengang Investment Co. Ltd. is liable for paying the large loans along with the borrower, who is the company’s financial manager, to Shenzhen HAD International Corp. Ltd., according to the final adjudication issued by Shenzhen Intermediate People’s Court.

According to the boss of Shenzhen Yueshengang Investment Co. Ltd., surnamed Wu, it was not until she suddenly received a court summons at the end of 2013 that she realized the company’s financial manager, surnamed Lin, had borrowed 5.32 million yuan (US$818,748) under the company’s name from Shenzhen HAD International Corp. Ltd. in July 2012 and then lent it to others.

Lin had returned 1.45 million yuan to the lender, but in September 2013, Lin forged her company’s official seal and Wu’s personal seal to sign a supplementary loan contract with the lender, which stated that Lin and her company owed a total of 13.7986 million yuan.

In November 2013, as Lin’s borrower had fled, Lin also escaped because she was unable to pay the debt. So the lender filed a lawsuit against Wu, Lin and Shenzhen Yueshengang Investment Co. Ltd.

According to the first instance, Bao’an District People’s Court confirmed that the seals were forged and Lin should assume civil compensation. Lin was required to pay the remaining 3.865070 million yuan plus the interest.

The lender was unsatisfied and lodged an appeal to Shenzhen Intermediate People’s Court. The court revoked the civil judgment of the first instance and issued a final ruling.

According to the intermediate court, because Wu and her company could not provide sufficient evidence, Lin’s acting behavior in signing the loan contract was effective. Wu, Lin and Shenzhen Yueshengang Investment Co. Ltd. have been ordered to repay 13.7986 million yuan plus the interest.

(Zhang Yu)

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