Shares in crisis-hit Chinese property giant Evergrande have been suspended in Hong Kong amid reports its chairman has been placed under police surveillance.
It follows reports earlier this week that other current and former executives had also been detained.
Thursday’s market statement did not give a reason for the trading halt.
But it marks another low for the heavily indebted property giant which defaulted in 2021, triggering China’s current real estate market crisis.
In August, the firm filed for bankruptcy in New York, in a bid to protect its US assets as it worked on a multi-billion dollar deal with creditors.
The article says no such thing.
And I’m pretty sure your country has some form of investigative detention. If you’re American that can last up to 48 hours. And it really doesn’t matter because authorities there can just throw out charges, deny bail, blackmail people with absurd incarceration lengths into confessing their guilt, and detain them for years before a trial (or forever in some cases). And at any point in time those charges can be dropped.
And if you really want to go into the pros and cons between different justice systems, we can do that but it doesn’t really have much to do with being a tankie or not.
If you’re poor sure, but not CEOs for white collar crime
Bernie Madoff was out and about until convicted
Is that supposed to be a good thing?
Yes, innocent until proven guilty
He literally turned himself in and admitted to his crimes before then
You go to jail when sentenced, not before.
People get detained and arrested prior to being sentenced though
Sure, and then they have a bail hearing
Good thing rich people never have a hard time with that