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Fanya Metal Exchange founder arrested

By Myles McCormick
Published: Wednesday, 27 January 2016

Police documents leaked to the media indicate that Shang Jiuliang was taken into custody in December as part of a police investigation into the bourse’s suspected fraudulent activities.

The founder and head of the Kunming-based Fanya Metal Exchange in China has been arrested, a leaked police document has revealed.

Shan Jiuliang was taken into police custody in December, as part of an investigation into the activities of Fanya, which froze around $6bn in investments last July, a Shanxi police document...

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