China Arrests Former CEO Of JPMorgan Asia

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China Arrests Former CEO Of JPMorgan Asia (ZeroHedge, May 21, 2014):

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).

 

 

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