Three senior executives of Dalian Wanda Group have landed in hot water with authorities, spurring fresh concerns over the conglomerate. Liu Haibo, the senior vice president of Wanda Group, was taken away by the police, state-owned The Paper reported, citing unidentified people. The report didn't offer further details and a representative for Wanda didn't comment when reached by Bloomberg News. Liu has been at Wanda for more than a decade, working as vice president in its former commercial properties unit, and later as a senior vice president at headquarters. Meanwhile, Caixin Global reported that two other Wanda executives are under investigation over a project in eastern China.

Source: The Standard August 09, 2023 15:14 UTC