Former Taiwanese actress Pace Wu and her billionaire boyfriend Ji Xiaobo have been making quite a few headlines lately, although mostly for not-so-flattering reasons. After a period of wowing the internet with their extravagant lifestyles and purchases (remember the S$175mil crystal dragons?), more recent reports claim that the couple is actually broke, with Xiaobo owing people massive sums of money.
In the latest update on the Hongkong businessman’s overwhelming IOU, Hongkong media broke the news that a man named Pang Yufeng had filed a debt collection lawsuit on Monday (Oct 19), saying that he had lent Xiaobo HK$100mil (S$17.5mil) in January 2019. They even signed an agreement stating that Xiaobo must pay it all back by December 30 that same year, after which he would incur a daily interest rate of 0.13 per cent.
However, Xiaobo failed to make repayment even after multiple reminders from his friend, so Yufeng decided to turn up the heat and take the issue to court.