Chinese financier Fan Bao, who went missing last month, has been detained in connection with the investigation of a former senior executive at the investment bank he founded
, has been detained by authorities in mainland China in connection with a corruption investigation targeting a former senior executive at the investment bank he founded, according to people familiar with the matter., disclosed on Feb. 16 that it had been unable to contact Mr. Bao, who serves as the bank’s chairman and chief executive. On Sunday, it said in a regulatory filing that it had since discovered Mr. BaoMr.
Before Mr. Bao’s detention, authorities had spoken to him several times over a period of months regarding the probe of Mr. Cong, the people said. Investigators asked Mr. Bao about a suspected quid pro quo involving a loan Mr. Cong helped arrange for China Renaissance before joining the firm, but Mr. Bao didn’t provide them with all the information they sought, according to some of the people., or “retention in custody,” according to the people.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
WSJ News Exclusive | Missing Chinese Banker Fan Bao Detained as Part of Corruption ProbeFinancier Fan Bao, who went missing last month, has been detained by authorities in mainland China in connection with the investigation of a former senior executive at the investment bank he founded.
Lire la suite »
Nigeria's Election Results Questioned by Opposition Parties, Citing IrregularitiesOpposition candidates are challenging Nigeria's presidential election result, citing voting irregularities. See potential bias and similarities in coverage from BBCNews, ABC and BreitbartNews: NigerianElections2023 Nigeria
Lire la suite »
WSJ News Exclusive | Pentagon to Reap Rewards From $53 Billion Chips ActThe Pentagon will have secure access to leading-edge semiconductors made at facilities receiving funding from the $53 billion Chips Act, Commerce Secretary Gina Raimondo told WSJ
Lire la suite »
WSJ News Exclusive | Huawei Export Licenses Could be Revoked by U.S.The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei
Lire la suite »
WSJ News Exclusive | CFTC Picks Former Cybercrime Prosecutor as Enforcement ChiefThe Commodity Futures Trading Commission has hired former cybercrime prosecutor Ian McGinley as its new enforcement chief
Lire la suite »
WSJ News Exclusive | Paramount Turned Down $3 Billion-Plus Offer for Showtime From Former ExecutiveFormer Paramount executive David Nevins offered to buy Showtime for more than $3 billion in recent weeks but was turned down by Paramount executives
Lire la suite »