September 27, 2015 / 11:42 AM / 4 years ago

Chinese brokerage Minzu says CEO missing

BEIJING, Sept 27 (Reuters) - Minzu Securities, a brokerage under investigation by Beijing’s securities regulator, has not been able to find its chief executive Zhao Dajian since last Tuesday, suggesting his possible detention, according to a stock filing.

State media reported on Sept. 9 a probe into Minzu executives suspected of the embezzlement of 2 billion yuan ($314 million) in 2014.

Minzu’s parent company, Founder Securities Co Ltd , disclosed Zhao’s disappearance on Sunday in a stock exchange filing.

Minzu, which was majority-owned by property developer Beijing Zenith, has been entangled in a legal dispute after it was acquired by Founder Securities last year. Zenith has sued Founder alleging financial impropriety.

$1 = 6.3737 Chinese yuan renminbi Reporting by Gerry Shih; Editing by David Holmes

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