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The Independent UK
The Independent UK
National
Via AP news wire

Chinese police detain wealth management staff at the heavily indebted developer Evergrande

Evergrande Police China Evergrande Group Evergrande Group China
Copyright 2021 The Associated Press. All rights reserved

Police in a southern Chinese city said they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer.

A statement by the Shenzhen police on Saturday said authorities “took criminal coercive measures against suspects including Du and others in the financial wealth management (Shenzhen) company under Evergrande Group.”

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