Calcio e Finanza reports that Inter president Steven Zhang could face up to three months in prison as the cases between him and creditors in Hong Kong continue to rumble on.
The report details how the China Construction Bank (Asia) Corporation (CCBA) have accused the Nerazzurri president of failing to repay around €300m in debts, an issue that could have serious ramifications for the 31-year-old businessman.
Creditors have sued Zhang in the United States, in Milan and there are two cases in Hong Kong, a sign of the troubles on the horizon for the Inter president. In the first court filing in Hong Kong, the 31-year-old must appear before a judge on March 13 for the ‘debtor examination’.
According to documents filed by creditors in the United States, Zhang will asked whether he owes any debts, how much he owes and what means he has to satisfy the judgement. He’ll also have to produce any documents relating to his assets and liabilities.
The Inter president faces two serious risks; the first is that, according to precedents cited by the creditors, the 31-year-old could face up to three months behind bars, should the court ascertain that he concealed assets in order to avoid complying with the judgement.
The second risk stems from a lawsuit filed by creditors for contempt in connection with the accusation of perjury during the first trial. China Construction Bank Asia are looking to “hold Zhang in contempt of court in Hong Kong due to his false affidavits in proceedings leading up to the Hong Kong judgement.”