Beijing, Jan 13 (PTI) Chinese courts have blacklistedover 9.59 million people for defaulting on loans and frozenUSD 27.7 billion deposits owned by them by the end of 2017,China's Supreme People's Court (SPC) said today.
The defaulters have been restrained from purchasing morethan 9.36 million plane tickets and 3.67 million high-speedtrain tickets by the end of 2017, the SPC said.
The SPC has cooperated with airlines and railwaycompanies to bar those who default from purchasing tickets,based on ID card information and their passports.
Moreover, the SPC has also worked with banks to rejectloan and credit card applications from people who havedefaulted, state-run Xinhua news agency reported.
Courts nationwide had frozen deposits totalling more than180 billion yuan (USD 27.7 billion) owned by defaulters, theSPC said.
People on the blacklist are also restricted from servingas corporate representatives or executives. PTI KJVCPS.
This is unedited, unformatted feed from the Press Trust of India wire.