Economic Observer Online
June 14, 2012
By ZhangXiaohui (张晓晖), Yuan Du (杜远), Xu Weiming(许伟明)
Translated by Tang Xiangyang
Original article: [Chinese]

 
A lighting entrepreneur is rumored to have been detained by police in Chongqing, the city where Bo Xilai was ousted as communist party secretary earlier this year.

Wu Changjiang, the 47-year-old founder and former chairman of Hong Kong-listed NVC Lighting Technology Corporation (NVC), has denied the rumors on his weibo account, although it's unclear whether the microblog is run by him or one of his managers. The EO was also told that his wife has been taken away.

In an attempt to dispel the rumors, another company executive posted a photo in a tea shop, but Wu’s parents-in-law told the EO that it has been more than a month since they last heard from their daughter or her husband.

Wu resigned as chief executive and chairman on May 25, and NVC's stock price has slumped by 40 percent since the beginning of that month.

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Sina 雷士照明原董事长吴长江微博否认被调查