The Chinese manufacturer of smartphones Gionee did not achieve great popularity even in their homeland. And now it is on the verge of bankruptcy, it cannot settle accounts with its suppliers. The situation was aggravated by the fact that the chairman of Gionee managed to lose $ 144 million in the casino.
According to the Chinese resource Jiemian, in fact, he squandered ten times the large amount – $ 1.4 billion. However, it looks too fantastic, and Chairman Liu Liron himself claims that he lost in the casino noticeably less – only $ 144 million. He denies it was the company’s money, but it assumes that “it is possible that he borrowed some of the lost money from the company’s funds”.
Companies will find out the exact amount of money spent only in December, when the company starts bankruptcy proceedings and all its debts to its partners emerge.