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

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

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