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New probe targets Evergrande’s wealth management staff in China

Police in southern China have detained members of China Evergrande Group's wealth management unit, intensifying troubles for the real estate giant. The detentions, revealed in a statement from Shenzhen city police on 16 September, hint at a fresh investigation into the firm. Du Liang, identified in 2021 protests as the general manager of Evergrande’s wealth management division, might be among those detained, though Reuters couldn't confirm this. Specific details regarding the number detained or charges were not disclosed. Evergrande has yet to comment. Police have indicated that the investigation is ongoing and called on investors to report any financial wrongdoings.


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