An Australian brokerage said on Tuesday that three remaining staff being held hostage by angry investors in Shanghai had been freed and were helping police with an investigation after a bizarre stand-off that lasted almost a week.
As many as 50 investors who blame Sydney-based Union Standard Group Forex for losses of about $2.6m in foreign currency trades entered the company’s Shanghai office on Wednesday last week. Images from the office’s cameras showed dozens of casually dressed people sprawled on furniture and sitting in company meeting rooms.
The company said 20 staff members had initially been held hostage and that all but three were released on Friday.
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