Beijing police open criminal probe into CreditEase; CEO Ning Tang subject to criminal compulsory measures

Beijing police have opened a criminal investigation into companies affiliated with Chinese wealth management firm CreditEase over suspected illegal financial activities. Parent Yiren Digital says executive chairman and CEO Ning Tang is subject to criminal compulsory measures, which may impair his ability to perform his duties; the board will oversee operations and implement contingency plans.

Detected & updated continuously · Source: Nebula