Runaway insurance boss back in China
By Wang Zhenghua in Shanghai | China Daily | Updated: 2013-08-21 07:34
The business of Shanghai's biggest insurance intermediary remained suspended on Tuesday after its runaway controller was captured in Fiji and escorted back to China.
Two clerks at the Shanghai Fanxin Insurance Agency said on Tuesday that the company is still operating but is not dealing with new investment schemes or offering consultancy services after its general manager, Chen Yi, allegedly fled with 500 million yuan ($81.8 million) of company money.
New customers are being told to contact the agency after the investigation is completed, the clerks added.
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