Luckin’s Ex-Chairman Lu Zhengyao Becomes Judgment Debtor for Third Time, Faces $188 Million Fine

(Source: ifeng)

According to public information posted to China’s enforcement information disclosure website, Luckin Coffee’s ex-chairman Lu Zhengyao on Wednesday was listed as a judgment debtor by the Higher People’s Court of Beijing Municipality, obliging him to pay about 1.2 billion yuan ($188 million) in fines.

This is the third time that Lu has been …