(Shenzhen/Beijing Comprehensive News) Following the investigation of most high -level high -levels in China, many media reported that Xu Jiayin, the founder of the group and chairman of the board of directors, has also been controlled by the police.

Bloomberg Newsy (September 27) exclusively quoted anonymous sources as saying that Xu Jiayin was taken away by the Chinese police earlier this month and was monitoring and living at the designated place, but it is unclear.

The official Weibo of the Chinese media "Observer Network" also reported a few hours later that people who were close to Evergrande confirmed the news and said that "things happened a few days ago."It is reported that Xujiayin was designated to be monitored to live in a place in Beijing.However, this Weibo showed no existence shortly after.

According to the China Criminal Procedure Law, monitoring and residence is a compulsory method for criminal suspects and defendants to be allowed to leave the designated area within a certain period of time in the criminal proceedings of the people's court, the people's procuratorate, and the public security organs.Essence

Police adopting such actions are not the same as formal detention or arrest, nor does it mean that Xu Jiayin will be accused of crime.The maximum period of monitoring can reach six months. During this period, he could not meet or communicate with others without approval, and passports and ID cards must be handed over to the police.

Bloomberg pointed out that the latest news about Xu Jiayin showed that the incident had fermented to touch the criminal judicial system.

Caixin.com Monday (September 25) quoted people familiar with the matter and revealed that many current and former senior executives of Evergrande Group and their subsidiaries have been investigated. Among them, Pan Darong, former chief financial officer of the group, has been detained recently.Former president Xia Haijun was controlled by relevant departments in mid -2022.It is reported that both of them have been responsible for Evergrande's financial operations. They resigned in July last year because they were involved in a bank deposit scandal.

Evergrande's self -rescue plan may face disintegration.Just last Sunday (September 24), the group said that because its Evergrande Real Estate was being investigated, it was currently unable to meet the issuance of new bills.Reuters quoted people familiar with the matter on Tuesday (September 26) that if Evergrande cannot submit a new debt restructuring plan before the end of the next month, some overseas creditors plans to join the liquidation to sign up.