China Bars Suntech’s Shi From Leaving Country, Reports Say
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Shi Zhengrong, founder of Suntech Power Holdings Co. Ltd. and an Australian citizen, has been barred from leaving China along with the company’s chief executive officer, David King, while authorities investigate the state of the company’s finances.
Immigration officials have been instructed to temporarily prevent Shi, who was once China’s richest man, from venturing outside China following Suntech’s bankruptcy, the Shanghai Securities News said March 22, citing people it didn’t identify.