Mysterious disappearances of China’s most influential tycoons took the country by storm

World News Nilgun Salim
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The mysterious disappearances of several Chinese businessmen, who left their employees and companies without offering an explanation, it’s this weird phenomenon that took China by storm in the last year, informs CNN.

The most recent example is Wu Xiaohui, chairman of a top insurance company and the owner of New York’s Waldorf Astoria.

The businessman was detained by the Chinese authorities as part of a government investigation and shortly after, he simply vanished.

In 2015, dozens of company executives disappeared in the exact same way

Some have returned and some have not. The authorities are not very generous to provide explanations to the public opinion either, although managers’ seats are believed to have remained empty as part of an anti-corruption campaign initiated by President Xi Jinping amid the collapse of China’s 2015 stock exchange.

If last year the atmosphere was relaxed, this year the government officials are determined to make some arrests.

At the beginning of the year, the head of the stock market announced a wave of arrests among China’s most influential tycoons after they have been involved in manipulating the financial flows of the market.

Billionaire Xiao Jianhua, who controls Tomorow Group was picked up from Hong Kong’s Four Seasons Hotel and taken to an unfamiliar place in China.

A few days after the disappearance, an alleged statement from the businessman was published in a newspaper: Jianhua said he was recovering “overseas.”

Five months later, no trace of billionaire whatsoever.