Hong Kong-based staff at some units of China Huarong Asset Management Co. were ordered to surrender their personal travel documents as a corruption investigation into the state-owned firm reached outside mainland China, the Financial Times reported.
The order targeted Chinese nationals working in the former British colony, who were told they would face unspecified punishment if they didn’t turn over their documents by April 23, the newspaper said, citing emails and documents. The demand came from Huarong’s organization department, which answers to a government body controlled by China’s Communist Party, according to the FT.
Huarong’s press office didn’t immediately reply to a request seeking comment.
The full original article can be found at bloomberg.com