Former JP Morgan Asia CEO arrested by China: Zerohedge
A continuation of the Bloomberg article?
Just one day after the FBI issues arrest warrants for 5 Chinese military officials, Caixin reports that Fang Fang – the former CEO of JPMorgan Asia – has been arrested in Hong Kong by the Independent Commission Against Corruption (or anti-graft agency). Coincidental timing we are sure; and while details are sparse, the arrest appears linked to the hiring of the children of Chinese officials. Bloomberg reports that Fang declined to comment after being released on bail (under restrictions not to leave Hong Kong).
48-year-old Morgan Chase vice chairman of investment banking in Asia and the former CEO of China Fang Fang was arrested recently in Hong Kong by the Independent Commission Against Corruption, the reason is still suspected of hiring a child of officials to get projects and getting burned.
Or simple old retailation? Of course – the big retaliation will be signing the ‘holy grail’ gas deal with Russia tomorrow.