Three Arrows Co-Founder Zhu Apprehended, Liquidator Says
- Zhu detained in Singapore after failing to cooperate: Teneo
- Zhu, co-founder Davies facing at least four months in prison
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Three Arrows Capital co-founder Su Zhu was apprehended in Singapore while trying to leave the country on Friday.
Teneo, which is liquidating the defunct firm’s estate, said it received a committal order against Zhu after he failed to comply with an earlier Singapore court order compelling him to cooperate with the liquidation investigation. The order sentenced Zhu to four months in prison, according to a statement by Teneo.