The chairman of Apex Digital arrested in China

Apex was one of the very first DVD/CD/MP3 hybrid players to hit the market, has retained it's position on the consumer electronics market ever since, especially in the USA. Being one of the first generation MP3 enabled player, the Apex got a lot of attention in the online publications and communities. But now the company seems to be in trouble, as the chairman David Ji has been recently arrested and other companies claim that Apex has some unpaid debts.

Chinese TV maker Sichuan Changhong Electric Appliance Co said on Tuesday that Apex owed it $US467.5 million and provisions against the debt would mean a big loss for 2004.

"The US Consulate-General in Chengdu has confirmed the arrest of David Longfen Ji," said a US embassy spokeswoman in Beijing. "Consular officials have requested and were allowed consular access to this US citizen."

She did not say why Ji, who was born in China, had been arrested. Police in Chengdu, in the south-western province of Sichuan, declined to comment.

Source: theage.com.au

Written by: Lasse Penttinen @ 30 Dec 2004 9:39

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8 comments

punx777

i like their dvd players.... there very very affordable and ive never seen one that doesnt play +r backups sorry guy

31.12.2004 12:40 #1

DVDeviant

Some do not play dvd=r back-ups...I cant remember the model though. Bought it, tried it, brought it back.

31.12.2004 13:31 #2

DaOsT

what was he arrested for??

::LivE ForeveR OR DiE TryiN!!::....::DonT FinD US WE WilL FinD YoU::..
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1.1.2005 05:10 #3

zippyd

why he was arrested was refused for comment according to the story.

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1.1.2005 08:20 #4

DaOsT

thanxs alot for the reply:)

::LivE ForeveR OR DiE TryiN!!::....::DonT FinD US WE WilL FinD YoU::..
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2.1.2005 03:42 #5

modchipa

He was arrested for non payment of Tax

3.1.2005 17:05 #6

WarForOil

No he was arrested for not complying with the mppa and the RIAA......joking they wouldnt arrest for you that...would they.

4.1.2005 13:17 #7

exapex

i think it's pretty self explanatory. they never paid their manufacturer 467 million they owed and he got nabbed in china by the manufacturer, who is also government owned and operated. supposedly gave the manufacturer several checks to pay the $$ back and the manufacturer claims they were bad checks, so technically he got busted for writing bad checks. although apex claims that the manufacturer never attempted to cash the checks. meanwhile the manufacturer made the worst pjtv and didnt supply parts or good schematics to fix the televisions. apex took a bath on that producr

6.5.2005 22:19 #8

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