CreditEase Investigation: Beijing Police Take Action Against Founder

Chinese police have opened a CreditEase investigation into suspected illegal activity at businesses linked to the lending group. Founder Tang Ning and other suspects face criminal compulsory measures as investors seek repayment from financial products that stopped accepting redemptions in May. The investigation was announced by Beijing’s Chaoyang Public Security Bureau on October 12. According to their press release, the two controllers were named Tang and Zhao, aged 53 and 51, respectively. No specific offenses have been outlined, and no formal charges have been laid yet.

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