Ex-Wall Street Banker Goes Missing In China, Unseen For 2 Weeks: Report
NDTV
Wang Chaoyong, the founding chairman and chief executive of Chinaequity Investment Co, Ltd was sought by police on Nov. 30 in Beijing and has not appeared in public since.
The founder of a private equity fund in China, a former Wall Street banker, has gone missing after Chinese authorities started an investigation into alleged financial misconduct at his firm, financial magazine Caixin reported on Thursday.
Wang Chaoyong, the founding chairman and chief executive of Chinaequity Investment Co, Ltd was sought by police on Nov. 30 in Beijing and has not appeared in public since, the magazine said, citing anonymous sources.
Earlier this year, unspecified regulators found the company had misappropriated money from the fund, had pledged property from the fund to finance related parties, and was in breach of contract, Caixin reported.
Phone calls to Chinaequity's office in Beijing seeking comment were not answered.
