{"id":7928,"date":"2014-08-28T16:26:14","date_gmt":"2014-08-28T16:26:14","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/08\/28\/sands-sues-brother-of-trader-in-chinese-probe-over-casino-debt\/"},"modified":"2014-08-28T16:26:14","modified_gmt":"2014-08-28T16:26:14","slug":"sands-sues-brother-of-trader-in-chinese-probe-over-casino-debt","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/08\/28\/sands-sues-brother-of-trader-in-chinese-probe-over-casino-debt\/","title":{"rendered":"Sands Sues Brother of Trader in Chinese Probe Over Casino Debt"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\nAug. 28 (Bloomberg) \u2014 The brother of Chen Jihong, the metals trader said to be at the center of a Chinese loan fraud probe, was sued by Las Vegas Sands Corp.\u2019s Singapore unit over unpaid gambling debts.<\/p>\n<p>\tChen Jilong, a so-called premium casino player at Marina Bay Sands Pte, owes S$1.88 million ($1.5 million) and has refused to make payment, according to a lawsuit filed with the Singapore High Court earlier this month. The casino gave him S$3 million credit in November 2011, according to court papers.<\/p>\n<p>\tChen Jilong, a Singapore permanent resident, hasn\u2019t hired a lawyer or filed his defense, according to court papers. He didn\u2019t return three phone calls to his office. Marina Bay Sands declined to comment in an e-mailed statement.<\/p>\n<p>\tBoth brothers are directors of Singapore-based metals trader Zhong Jun Resources (S), which is fighting a lawsuit from HSBC Holdings Plc for allegedly failing to repay a bank loan. Chinese officials are investigating whether Chen Jihong, a Singapore citizen, used the same batches of commodities as collateral for loans from several lenders.<\/p>\n<p>\tStandard Chartered Plc said on Aug. 6 it has made provisions of $175 million related to the potential fraud, while Chinese banks have about 20 billion yuan ($3.3 billion) of exposure, two government officials said July 16, citing findings of an official probe.<\/p>\n<hr>\n<h3>Replies:<\/h3>\n<p>No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aug. 28 (Bloomberg) \u2014 The brother of Chen Jihong, the metals trader said to be at the center of a Chinese loan fraud probe, was sued by Las Vegas Sands Corp.\u2019s Singapore unit over unpaid gambling debts. Chen Jilong, a&#8230;<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7928","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7928"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7928\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}