Former Yuen Long district councilor Zhang Xiuxian was accused of borrowing money from many people in the political circle and not repaying it. The creditors are all over the "left, center and right" camp.
The financial columnist "Muddy Water" who first broke the news on the Internet posted again last night (26th), saying that Zhang had contacted him and came up with a debt plan with a repayment period of more than 6 years and a monthly repayment of 3,000 He later revealed that he had lent money as early as 2017, totaling 150,000 yuan.
"Muddy Water" also joined the suffering group, revealing that there were "big lawsuits" and lawyers suggested filing in the Small Claims Tribunal to recover from the other party or apply for bankruptcy. Debt of at least 4-5 million yuan.
Many pan-democrats described Zhang Xiuxian's borrowing behavior as "inertia". He had already "borrowed and borrowed" when he was a student. It’s already spread out.”
Hunli lent 150,000 yuan and repaid it to Zhang Zheng in insurance over 6 years
"Muddy Water" recalled that the victim contacted him by phone to discuss the repayment plan. During the process, the other party's attitude was extremely bad, without a word of apology, and even "forced me to turn around", but "to save his face", he did not disclose the specific content. However, he pointed out that the other party is currently engaged in the insurance industry.
Yesterday, I received the first installment of the repayment from the other party, and the repayment was less than 3,000 yuan. The purpose of setting a 6-year repayment period is to give the person some space and not force him to death.
All proceeds will be used for charitable purposes.
The students' time has been borrowed from left to right "It has been spread out in the circle a few years ago"
Many people in the pan-democracy said that Zhang Xiuxian borrowed money from people around him "it has been widely spread in the circle a few years ago, and many people know that he is a slippery head". Student organizations and amateurs were recruited, "there are thousands of mosquitoes"; after that, the loan network spread more and more, to traditional political parties, and then to the establishment camp, "People who have not known it for a few years may have borrowed from them with soft hearts. Someone revealed, "A college student had a chance to have a meal with him by chance, and he was completely outsider. He asked him to borrow money, saying that he wanted to invest in business."
Zhang Xiuxian refused to repay the debt after being blasted around: will privately confess that scholar Huang Weiguo is owed $260,000