CHINA-ANTI-CORRUPTION: ANOTHER CHINESE PRIVATE EQUITY TYCOON ARRESTED IN NOVEMBER
|
Caixin (December 22) disclosed that 56-year Wang Chaoyong, a Chinese private equity tycoon who founded
China equity Investment Co. Ltd., was detained by Beijing police on allegations of misappropriation of funds.
It said Wang Chaoyang disappeared from public sight nearly three weeks ago and was last seen at his office
in Beijing’s central business district on the afternoon of November 29. He was detained by police the next
afternoon. China equity manages more than US$1.7 billion and is listed on the New Third Board in Shenzhen.
|