Businessman Huang Youlong, the ex-husband of Zhao Wei, is facing legal action over an alleged gambling debt dating back a decade.
According to Hong Kong businesswoman Cai Yifeng, Huang Youlong borrowed AUD 60 million from the Sun City Group to gamble in Australia around 10 years ago. As the guarantor for the loan, Cai Yifeng claims she was entitled to receive a commission exceeding AUD 100 million under their agreement. However, she alleges Huang Youlong has yet to repay the debt.
Huang Youlong’s legal team argued in court that the loan was made directly with Sun City Group, meaning only the lender has the right to pursue repayment. They also contended that Cai Yifeng is not the actual creditor. Cai Yifeng disputed…