'Beautiful' executive who fled with $104m tracked down
SHANGHAI (AFP) - A Chinese insurance executive who allegedly took 500 million yuan (S$104 million) from her company and fled the country has been escorted back from Fiji by police, state media reported.
Chinese police tracked down the former general manager of the Shanghai Fanxin Insurance Agency, Chen Yi, with the help of Interpol, the official Xinhua news agency said.
China's insurance regulator said last week that Fanxin sold investment schemes without authorisation.
So-called wealth management products are loosely regulated in China and have found favour with investors looking for higher returns than bank deposits and securities.