Chinese police have detained the two remaining co-founders of HNA in the latest twist in the collapse of China’s hitherto most acquisitive group.
The bankrupt Chinese conglomerate, which is under state control, said chair Chen Feng and chief executive Adam Tan were taken into custody on Friday over suspected crimes, without providing details of the alleged offences.
The arrests return to the spotlight one of China’s most tumultuous corporate sagas. The move by Chinese officials comes three years after co-founder Wang Jian fell to his death in Bonnieux, southern France, in what French police said was an accident.
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