China has placed the Chairman of troubled property firm Evergrande 'under police control'

<p>Bloomberg with the info citing unnamed sources.</p><p>Details are sparse:</p><ul><li>China Evergrande's billionaire chairman and founder Hui Ka Yan has been placed under police control. </li><li>Sources say he was taken away earlier this month and is being monitored at a designated location</li></ul><p>The police move falls short of a formal detention but Hui is unable to leave the designated location and may not meet or communicate with anyone unless express permission is given. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.