The court seized the property furniture and sold the seal and mortgage

The 45-year-old Cheng Mou opened a Dongshan native product firm, which was under 25 million yuan due to poor management. The court ruled that the bank deposits of Chengmou were frozen according to the creditor’s application, and the two properties and the mahogany furniture and ornaments in the house were sealed up. Due to excessive foreign debts, other creditors urged Cheng to pay back the money. Cheng Mou took the court seal on the mahogany furniture and ornaments and gave them to other creditors. Recently, the Huqiu District Court of Suzhou City, Jiangsu Province sentenced Cheng to nine months and fifteen days in prison for illegally disposed of property. (Yu Huaijun) Source Legal System Daily Report Rule of Law)

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