Chinese Man Lands in Prison After Spending Rs 70 Crore On His Girlfriend
Son of a successful businessman from Hangzhou; China is facing prison time after he was reported to spend over Rs. 70 crores and borrow tens of millions of dollars to satisfy the needs of his beautiful girlfriend.
We enjoy getting a lot of attention from our loved ones and tend to do everything to make them happy, including showering them with expensive gifts. But sometimes, in a spending money way too in love can land us in jail. Something similar happened in China when a rich man, Zhang Xiaoen, son of a successful businessman from Hangzhou ending up facing prison time after he lavished expensive gifts on his girlfriend. In a bid to impress her, he was reported to have spent over Rs 70 crore and borrowed tens of millions of dollars to satisfy the needs of his beautiful girlfriend.
Growing up in a rich family, the 29-year-old Zhang was habituated to luxury and spending large sums of money on everything he desired. So, in this case, we speculate, he kind of did the same to keep his lover happy just like any other boyfriend! But it turns out that even his family’s extensive wealth was not sufficient. Zhang's girlfriend of two years, an online influencer, live streamer and freelance model, Yizhen, was the light of his eyes, according to reports by the Chinese media. He was so devoted to her that he would leave no stone unturned in making sure that his girlfriend was pleased.
From designer clothes to expensive presents, from accessories for cars to a trip to Dubai, so far cost the 29-year-old 70 million yuan (over Rs 70 crores) of his father’s company money. After spending way too much with his father’s money, Zhang started to borrow money from his rich friends so that he could gamble. Unfortunately, instead of winning back the amount spent from his father’s account, he lost another 170 million yuan (over Rs 170 crores). Unable to pay back his debts, the young man was eventually arrested by the police officials.
In the same report, Zhang admitted poor management of his finances but blamed his girlfriend for such a bad situation. During a court hearing, the 29-year-old boyfriend said that Yang Yizhen often accompanied him to Macau and encouraged him to gamble. The report further revealed that after this incident, his girlfriend broke up with him and even started contacting prosecutors to build a case against him. She stopped mentioning him entirely on social media. Well, we pity him but he cannot pin blame his girlfriend for his lack of restraint. After all, it is just one side of the story!
(The above story first appeared on LatestLY on Jul 18, 2018 12:06 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).