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Police detain Chinese billionaire

China,Business/Economy,Immigration/Law/Rights, Fri, 13 Sep 2013 IANS

Beijing, Sep 13 (IANS) Chinese billionaire investor Wang Gongquan was detained by police from his Beijing apartment Friday, Chinese media reported.

Wang, 52, was taken away by police at 11.30 a.m. on suspicion of disturbing public order, the Chinadaily.com reported citing ifeng.com.

"More than 20 policemen confronted the 52-year-old venture capitalist at his home in Beijing and took him away," the South China Morning Post quoted Teng Biao, an activist and a lecturer at the University of Politics and Law in Beijing, as saying.

"The policemen told Wang that he was being summoned for questioning on suspicion of gathering a crowd to disturb order in public places," Teng said.

Wang, co-founder of CDH Investments, attracted major attention on China's micro blog sites after announcing his plan to elope with his mistress Wang Qin in May 2011, the Chinadaily.com said.

Wang Qin is the founder of Jiangsu Zhongfu Science and Technology Industrial Group.


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