The chairman of a Chinese language wealth administration firm whose disappearance final week sparked alarm has strongly denied taking buyers’ cash.
Final week Wangzhou Fortune stated Yang Weiguo had gone lacking and brought 1 billion yuan ($153m; £106m).
However Mr Yang despatched a video and a letter to journalists on Monday saying he had gone for a brief private journey, and rejected the accusations.
Authorities are investigating the case after Wangzhou made a police report.
The agency had launched a statement (in Chinese) final Thursday saying that after a number of days of investigations it might affirm that Mr Yang “has gone lacking, and believed to have taken 1 billion yuan”.
It made a public apology, including that the incident had “occurred out of the blue and unexpectedly” and that the agency had lodged a report with police in Shanghai.
Wangzhou Fortune had reportedly skilled cashflow issues in current days. Beijing Youth Day by day stated the corporate had about 20,000 buyers who put in 2.2 billion yuan.
The information made waves in native media, which ran items quoting buyers calling for Mr Yang’s return.
On Monday Mr Yang contacted journalists at a number of monetary information retailers. In a brief video clip he reportedly says: “Hello everybody, it is me, don’t be concerned I am coming again quickly.”
He additionally despatched a strongly-worded letter (in Chinese) stating that on 15 April he determined to take a brief 10-day vacation and drove to the far western province of Xinjiang.
He stated he wanted the vacation “in order that I might utterly chill out and clearly take into consideration how one can remedy a number of giant issues within the present stage of my firm’s administration”.
Mr Yang acknowledged he failed to inform anybody about his journey plans, however added that he notified two staff telling them to handle themselves for the subsequent few days.
He stated he solely learnt of the corporate’s allegations on Sunday as he ready to return house, and stated he was “surprised and livid”.
“The corporate which I painstakingly managed has in the previous few days grow to be unrecognisable, slandering me as ‘taking 1 billion and fleeing’! All of the investments have accounts that may be checked, what is that this based mostly on?!” he wrote.
He added he was dashing to the closest police publish in Urumqi to co-function with investigations.
Wangzhou Fortune has but to answer his assertion.
Mr Yang can also be the chairman of the corporate’s mother or father agency Wangzhou Group, which states on its web site that it has 200 subsidiaries in commerce, automobiles, well being, meals and beverage, and know-how.
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