People familiar with the matter revealed that Xu Jiayin, chairman of the Chinese real estate giant Evergrande Group, has been controlled by the police.
Bloomberg Society quoted people familiar with the matter on Wednesday (September 27) that Xu Jiayin was taken away by the Chinese police earlier this month and is currently being surveillance and residence at the designated place.
Bloomberg reports that it is not clear that Xu Jiayin has been monitored and rested.Monitoring is not formal detention or arrest, and does not mean that Xu Jiayin will be charged with crimes.However, according to the Chinese Criminal Procedure Law, the measure means that the monitor may not leave the scene without approval and meet or communicate with others.
According to the law, Xu Jiayin's passport and ID card must be handed over to the police, but the longest monitoring must not exceed six months.
Earlier, Shenzhen Nanshan Public Security announced on September 16 through the official WeChat public account that the public security organs took criminal compulsory measures to the suspected criminals such as Du Mou and other suspected criminals of Evergrande Financial Wealth Management (Shenzhen) Co., Ltd.Police notified the number, crime or detention date for detention.
The Shanghai Securities News quoted relevant sources that Du was Du Liang, the legal representative and general manager of Evergrande's wealth.Reuters reported that Du Liang was unable to confirm whether Du Liang was listed.
According to the Shenzhen Business Daily, a subsidiary of Shenzhen Newspaper Group, it was quoted by people familiar with the matter that Evergrande Wealth Company was suspected of illegal fundraising during the business.
In the past two years, Evergrande and another Chinese real estate giant Country Garden have been in crisis.
