China investment company executive under police probe

2015-11-02 01:50:07 GMT2015-11-02 09:50:07(Beijing Time)  Xinhua English
Xu Xiang was handcuffed by policeXu Xiang was handcuffed by police

Xu Xiang, general manager of the Shanghai-based company Zexi Investment, is under investigation for suspected inside trading, the Ministry of Public Security announced late Sunday.

Xu and several others allegedly obtained inside stocks information via illegal methods and participated in insider trading and manipulating stocks prices, a ministry statement said.

The suspects have been placed under coercive measures, which include summons by force, bail, residential surveillance, detention and arrest.

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