Bloomberg News reports that the banker is out on bail after he was released by the Independent Commission Against Corruption, the magazine said, without disclosing when Fang was taken in for questioning.
He’s restricted from leaving Hong Kong, it said. The arrest may be linked with probes into banks’ hiring practices, Caixin said.
Fang, a 12-year veteran of JPMorgan, resigned from the firm in March, according to an internal memo obtained by Bloomberg News at the time. His departure came amid a U.S. investigation into whether the firm employed people in Asia so that their relatives in government would steer business to the bank, people with knowledge of the probes have said.
The bank hasn’t been charged with any wrongdoing.
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