this post was submitted on 28 Sep 2023
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Shares in crisis-hit Chinese property giant Evergrande have been suspended in Hong Kong amid reports its chairman has been placed under police surveillance.

It follows reports earlier this week that other current and former executives had also been detained.

Thursday's market statement did not give a reason for the trading halt.

But it marks another low for the heavily indebted property giant which defaulted in 2021, triggering China's current real estate market crisis.

In August, the firm filed for bankruptcy in New York, in a bid to protect its US assets as it worked on a multi-billion dollar deal with creditors.

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[–] [email protected] 17 points 1 year ago (3 children)

Where did you get this information that no crime has been committed and they are just being detained for shits and giggles?

[–] [email protected] 1 points 1 year ago

What is the charge?

[–] [email protected] 0 points 1 year ago (1 children)

So what is the charge? I'm still waiting rofl

[–] [email protected] 0 points 1 year ago (1 children)

None of your business? China is free to make charges public whenever they choose. I really don't get why you think it's so meaningful of a difference between not making charges and making charges that can then be dropped at any time. Your justice system doesn't have any more high ground.

[–] [email protected] -1 points 1 year ago

Lol you got mad when people assumed China was holding an innocent person prisoner, and you get defensive when asked what the charge they're being held on is.

But go ahead and talk about 'my' justice system rofl. You aren't trustworthy, and neither is the Chinese government. Totalitarian goose steppers.

[–] [email protected] -2 points 1 year ago (4 children)

The article?

I don't know where you live, but in my country people get charged with crimes, then arrested.

[–] [email protected] 13 points 1 year ago (1 children)

The article says no such thing.

And I'm pretty sure your country has some form of investigative detention. If you're American that can last up to 48 hours. And it really doesn't matter because authorities there can just throw out charges, deny bail, blackmail people with absurd incarceration lengths into confessing their guilt, and detain them for years before a trial (or forever in some cases). And at any point in time those charges can be dropped.

And if you really want to go into the pros and cons between different justice systems, we can do that but it doesn't really have much to do with being a tankie or not.

[–] [email protected] -5 points 1 year ago* (last edited 1 year ago) (1 children)

If you're poor sure, but not CEOs for white collar crime

Bernie Madoff was out and about until convicted

[–] [email protected] 11 points 1 year ago (1 children)

Is that supposed to be a good thing?

[–] [email protected] -1 points 1 year ago (1 children)

Yes, innocent until proven guilty

[–] [email protected] 2 points 1 year ago (1 children)

He literally turned himself in and admitted to his crimes before then

[–] [email protected] 0 points 1 year ago (1 children)

You go to jail when sentenced, not before.

[–] [email protected] 1 points 1 year ago (1 children)

People get detained and arrested prior to being sentenced though

[–] [email protected] 1 points 1 year ago (1 children)

Sure, and then they have a bail hearing

[–] [email protected] 1 points 1 year ago (1 children)

Good thing rich people never have a hard time with that

[–] [email protected] 1 points 1 year ago (1 children)

Most people make bail, unlike Sam Bankman Fried

He fucked with the wrong people

[–] [email protected] 1 points 1 year ago

Lol or didn't get enough dirt on them to keep them from coming after him :p

[–] [email protected] 9 points 1 year ago

So only half building homes and running off with the money isn't a crime? I see no issue arresting some rich fucks who are screwing the common man

[–] [email protected] 7 points 1 year ago

Where do you live? In North America, you get arrested, then you get charged.