Sichuan Businessman Falls Under Eye of Probe

(Beijing) – A Sichuan businessman who built an investment conglomerate in the hydropower, infrastructure and entertainment sectors was detained in Beijing on August 1, Caixin learned from various sources.

The accusations that Wu faces in the investigation remain unclear.

Wu Bing, chairman of Zhongxu (Hong Kong) Limited and deputy chairman of the Hong Kong-based World Chinese Merchants Union Association (CMUA), was taken away from Beijing West Railway Station on late August 1 and could not be reached contact since then, sources said.