China police detain some Evergrande wealth management staff

BEIJING (Reuters) – Police in southern China have detained some staff at China Evergrande Group’s wealth management unit, suggesting a new investigation that could add to the property giant’s woes.

“Recently, public security organs took criminal compulsory measures against Du and other suspected criminals at Evergrande Financial Wealth Management Co.,” Shenzhen city police said in a social media statement on Saturday night.

During protests by disgruntled investors at Evergrande’s Shenzhen…

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