Shenzhen Jinjia Group Chairman Detained Amid Busy Week for Graft Busters

What’s new: Qiao Luyu, chairman of Shenzhen Jinjia Group Co. Ltd. (002191.SZ) (深圳劲嘉集团股份有限公司), has been detained by graft investigators in Southwest China’s Sichuan province, according to a Friday statement from the Shenzhen-traded cigarette packaging company.

The company had not yet been informed of the progress or conclusion of the investigation, according to the statement. It also said that the company was operating its business as usual.