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JPMorgan Ex-CEO for China Investment Bank Was Arrested: Caixin

Former JPMorgan China Investment Banking CEO Fang Fang
Former JPMorgan Chase & Co.’s China Investment Banking Chief Executive Officer Fang Fang. Photographer: Nelson Ching/Bloomberg

May 21 (Bloomberg) -- Fang Fang, former chief executive for JPMorgan’s China investment bank, was arrested earlier by Hong Kong’s anti-graft agency Independent Commission Against Corruption, Caixin reports today, citing two unidentified people. * Arrest may be linked with the hiring of the children of

Chinese officials: report * Fang was released and out on bail. He is restricted from

leaving Hong Kong: report * Fang declined to comment when reached by phone today * JPMorgan spokeswoman Marie Cheung declined to comment * ICAC spokeswoman Charmaine Mok said the agency doesn’t

comment on individual cases

* Link: http://goo.gl/WJi3ck * Related Story: Hong Kong ICAC Said to Search Outgoing

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To contact the reporter on this story: Jasmine Wang in Hong Kong at +852-2977-4610 or jwang513@bloomberg.net

To contact the editor responsible for this story: Tan Hwee Ann at +852-2977-6644 or hatan@bloomberg.net

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