Prosecutors weigh charges against founder Liu


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Chinese tech CEO Richard Liu arrested, then released in US

Prosecutors in Minnesota are weighing potential fees towards Richard Liu, the billionaire founder and CEO of, accused of sexual misconduct.

Liu, who is thought in China by the identify Liu Qiangdong, was arrested on August 31 in Hennepin County, Minnesota, and launched with out bail the next afternoon.

Particulars of the allegations towards him weren’t disclosed.

A press release from his firm following his arrest stated that he had been falsely accused whereas on a enterprise journey in the US. The corporate stated police didn’t discover proof of wrongdoing, and that Liu is again in China and has “resumed his regular work.”

Now that the police division has accomplished its preliminary investigation, prosecutors will overview all the proof and decide on whether or not to deliver fees, stated Hennepin County Legal professional Mike Freeman. There is no such thing as a deadline for making that call, and the workplace stated it could haven’t any additional remark till that call is made.

Liu was a registered scholar on the College of Minnesota’s Carlson Faculty of Administration China Physician of Enterprise Administration program on the time of the incident, the college has confirmed. This system is for “top-level executives” working full-time in China.

Press stories in Minnesota stated the incident concerned a Chinese language scholar additionally in this system.

Liu based (JD), the second largest on-line procuring web site in China behind Alibaba (BABA), about 20 years in the past. It has a market worth of about $45 billion, and he owns about 17% of its shares, based on firm filings. Forbes places his web price at $9.four billion, rating him because the 18th richest individual in China.

— CNNMoney’s Jackie Wattles contributed to this report

CNNMoney (New York) First revealed September 20, 2018: 12:05 PM ET

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