Billionaire CEO, ‘China’s Jeff Bezos’ Arrested In U.S. For “Criminal Sexual Misconduct”
Minnesota police arrested the CEO of e-commerce giant JD.com, and one of China’s richest men, on suspicion of sexual misconduct.
TheFreeThoughtProject.com
September 3, 2018
(ZH) With a net worth of over $7 billion, Liu ‘Richard’ Qiangdong, founder and CEO of Chinese e-commerce company JD.com, is China’s 20th richest man.
Liu’s fortune is derived from his 15% stake in JD.com, China’s second-largest e-commerce company. JD.com had more than 220 million active customers and 157,830 employees at the end of 2017, according to its 2017 annual report. It had revenue of 365 billion yuan ($53.7 billion) in 2017.
According to arrest records, Liu Qiangdong, who uses the English name Richard, was arrested in Minneapolis and brought in at 11:32 p.m. Friday on an accusation of “criminal sexual conduct” and released just over 16 hours later.
As Bloomberg reports, Minneapolis Police Department spokesman John Elder declined to provide any further details about the reasons for the arrest, but said authorities decided not to keep Liu in custody and haven’t imposed any travel restrictions on him while conducting their investigation.
“We are very much in the infancy of this investigation,” Elder said. Authorities may decide not to charge Liu at all, he added.
“There are no travel restrictions on him at the moment and he’s not charged with a crime at this time.”
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