Ex-Chair of C Suisse joint venture said released

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The former chairman of China’s Founder Securities and its joint venture with Credit Suisse was released a few months ago from police custody after going missing in January, said a person with knowledge of the matter.

Bloomberg News reports that Lei Jie’s release, unreported until now, came after he assisted with a government probe, said the person, who asked not to be identified because there was no formal announcement of the move.

Founder Securities said in January it couldn’t contact Lei after he asked for a week of sick leave that month.

Founder Securities, a unit of Peking University Founder Group, replaced Lei as chairman and removed him from the board in February after failing to contact him. Reached by phone Tuesday, Lei confirmed he’s no longer involved with the joint venture, but refused to talk about his whereabouts or comment further.

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Ex-Chairman of Credit Suisse's China JV Said to Be Released

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