Wang Sicong was enforced by the Shanghai Financial Court. Why was he forced?

On 2002112, the enterprise search APP showed that Wang Sicong failed to fulfill his legal obligations on time on 2002112, and the target was enforced by the Shanghai Financial Court at RMB 770 14336. According to informed sources, Wang Sicong is not the main person in charge of this execution case. Judging from the materials published on the Internet, Wang Sicong was involved in the case and was jointly executed. It was not Wang Sicong's own investment failure that caused him to be enforced by the court, nor was it because of Wang Sicong's personal financial situation.

From the information published on the Internet, it can be seen that Wang Sicong's execution and height restriction are related to the actual panda live broadcast operator Shanghai Panda Mutual Entertainment Culture Co., Ltd., and from the consumption restriction order issued by the Jiading District People's Court in Shanghai, it can be seen that the case was put on file for execution on August 12, 2065438, and the applicant Cao Yue applied to execute the contract dispute case of Shanghai Panda Mutual Entertainment Culture Co., Ltd., and Wang Sicong was executed at a high amount of10.5. The reason why the Company and Wang Sicong were issued the document 165438+ by Jiading District People's Court on1October 9 is that the Company failed to complete the payment task stipulated in the effective legal document within the time limit stipulated in the execution notice, that is, he owed others1.50 billion yuan. Therefore, both Shanghai Panda Mutual Entertainment Culture Co., Ltd. and Wang Sicong have taken measures to limit consumption.

According to the information of China Implementation Information Publicity Network, Wang Sicong was included in the list of executors on 1 1.4, and the enforcement court was Beijing No.2 Intermediate People's Court, with the enforcement target of 15 143784 1 yuan. As for the panda live broadcast, it can be displayed according to the consumption restriction order this time because Wang Sicong failed to start a business.

As can be seen from the relevant literature, Cao Yue is the anchor of fighting fish. After being hired by Panda Live, it is equivalent to claiming 3.6 million yuan from Cao Yue according to the contract. However, due to the supplementary agreement signed between Cao Yue and Panda Live, this 3.6 million yuan should be paid by Panda Live, and Wang Sicong's implementation target is as high as 1.5 1 billion yuan, probably because it signed a personal joint and several guarantee responsibility in the financing process of Panda Live. In another judgment, however, it was shown that Panda Entertainment did not pay the liquidated damages to Cao Yue, so Cao Yue filed a lawsuit in Jiading District People's Court, and Wang Sicong, as a legal person of Panda Entertainment, was restricted from high consumption.

The people's court shall, in accordance with legal procedures and legally effective documents, use the state's coercive power to stipulate specific execution contents, force civil obligors to perform their obligations and ensure the realization of creditors' rights. After being executed, the corresponding obligations must be fulfilled. If you are unable to perform, you only need to cooperate with them and actively perform relevant obligations, so you will not be fined and detained and investigated for criminal responsibility.