Angry investors seize Chinese trading firm boss and take him to police
The head of a Chinese exchange found himself in a tight spot over the weekend, when an angry mob of investors marched over to the hotel he was staying at, stuffed him into a car and brought him to the police station.
Shan Jiuliang is the founder of Fanya Metals Exchange, which for months has had investors pounding on its doors demanding their money back.
Fed up with the perceived inaction, a mob of “hundreds” surrounded a luxury hotel at dawn on Saturday in Shanghai where Shan was staying. When the executive tried to leave, they manhandled him into a car and drove him to the police, reports the FT. Read more…