Fanya Metal Exchange founder arrested
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