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Why was the deposit of the local chestnut foundation seized?
At present, there is no news about the seizure of local chestnut foundation deposits. Please refer to the official news for details. Generally speaking, there are the following situations about seizing assets. Please refer to:

One is to be sued by others and apply for property preservation.

Second, the court refused to implement the judgment after it came into effect.

A. Legal basis: Article 100 of the Civil Procedure Law. Under the circumstances that the judgment may be difficult to execute or cause other damage to the other party, the people's court may, upon the application of the other party, order it to preserve its property, order it to do certain acts or prohibit it from doing certain acts; If the parties do not apply, the people's court may also order the adoption of preservation measures when necessary.

When the people's court takes preservation measures, it may order the applicant to provide a guarantee. If the applicant is unable to provide a guarantee, the application shall be rejected.

After accepting the application, the people's court must make a ruling within 48 hours in case of emergency; Those ordered to take protective measures shall be executed immediately.

B article 242nd if the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other property of the person subjected to execution from the relevant units. The people's court has the right to seal up, freeze, transfer or change the property of the person subjected to execution according to different circumstances. The property inquired, sealed up, frozen, transferred or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform.

When the people's court decides to seal up, freeze, transfer or change the price of property, it shall make a ruling and issue a notice of assistance in execution, which the relevant units must handle.