- Chairman Wu Xiaohui prosecuted for economic crimes
- Firm recently held talks with company controlled by Kushners
The Chinese government on Friday seized control of Anbang Insurance Group, one of the country’s most politically connected companies and a firm that recently held talks with a company owned by the family of Donald Trump’s son-in-law Jared Kushner.
Anbang had violated laws and regulations which “may seriously endanger the solvency of the company”, the China Insurance Regulatory Commission (CIRC) said in a statement announcing the seizure, without giving details.
Link : Chinese government takes over troubled insurance giant Anbang