LeEco founder Jia ordered to return

Securities regulator demands firm's ex-chief fulfill due debt obligations

China's securities regulator has ordered the founder of debt-laden internet company LeEco to return to the country before the end of the year to deal with the company's financial woes.

The Beijing branch of the China Securities Regulatory Commission (CSRC) said in a notice late on Monday that Jia Yueting, the controlling shareholder and former chairman of LeEco's listed arm - Leshi Internet Information and Technology Corp, must return to China before Dec 31 to "fulfill his obligations" and protect investors' rights.