Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
  
LIVE TV DownloadNews18 App
News18 English
News18 » World
1-min read

China Bars 60 Lakh Bank Defaulters From Travelling, Getting Promotions

So far, 61.5 lakh people have been barred from purchasing plane tickets and 22 lakh cannot travel by high-speed trains. Around 71,000 defaulters cannot serve as corporate representatives or executives.

Tushar Dhara | News18.com

Updated:February 20, 2017, 1:07 PM IST
facebookTwitterskypewhatsapp
China Bars 60 Lakh Bank Defaulters From Travelling, Getting Promotions
(Picture Courtesy: Moneycontrol)

New Delhi: Vijay Mallya packed his bags, purchased a flight ticket and fled to London. This would have been much more difficult in China.

The country has toughened restrictions on 60 lakh bank defaulters, barring them from flights, getting loans and credit cards or even promotions.

There are 67.3 lakh Chinese citizens on the Chinese Supreme Court’s blacklist, Global Times reported, quoting the Meng Xiang, the head of the court’s enforcement bureau.

So far, 61.5 lakh people have been barred from purchasing plane tickets and 22 lakh cannot travel by high-speed trains. Around 71,000 defaulters cannot serve as corporate representatives or executives.

The Supreme People’s Court, China’s apex court, has shared the defaulters’ ID card and passport information with airlines and railway companies. Previously, only ID card numbers were blacklisted and defaulters used their passports to circumvent the ban. But that loophole has been plugged now.

The Industrial and Commercial Bank of China, one of China’s largest commercial banks, has rejected lakh loan and credit card applications.

The blacklist includes government staff, members of local legislative and political advisory bodies and Communist Party of China congress delegates, Meng said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Nakshab Khan
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results