China insurance mogul said unable to work, reported detained
World BusinessJun 14, 2017
BEIJING (AP) -- The Chinese insurer that owns New York City's Waldorf Astoria Hotel said Wednesday its chairman has turned over his duties to other executives following a report he was detained by regulators amid accusations of possible financial misconduct.Anbang Insurance Group Ltd. Chairman Wu Xiaohui was "temporarily unable to perform his duties due to personal reasons,'' said a one-sentence statement on the company website. It said Wu had authorized other executives to do his work and gave