Property News · April 11, 2019

Shenzhen police arrest soldier-turned-entrepreneur Zhang Wei, calling his China Create Capital a ‘mafia-like gang’


Zhang Wei, a soldier-turned-entrepreneur and cornerstone investor of Gansu Bank, has been arrested by Shenzhen police, becoming the latest Chinese businessman to fall foul of the mainland’s laws. China Create Capital Limited, the investment holding company headed by the 46-year-old Heilongjiang native is a “mafia-style gang” involved in illegal fundraising, harassment, blackmail, illegal detention of people and the possession of firearms, the Shenzhen police said in a notice. The whereabouts…

Source : South China Morning Post
Read more…Shenzhen police arrest soldier-turned-entrepreneur Zhang Wei, calling his China Create Capital a ‘mafia-like gang’