In a statement early Wednesday morning in China, the company said that Mr. Wu was “for personal reasons no longer able to perform his duties.”<br />Two people briefed on the matter — a company executive and a business partner of Anbang — confirmed that Mr. Wu had been detained.<br />Mr. Wu’s detention follows a move last month by China’s insurance regulator to bar the company<br />from offering new insurance products for three months as part of a wider clampdown.<br />China Detains Chairman of Anbang, Which Sought Ties With Jared Kushner -<br />By MICHAEL FORSYTHE and ALEXANDRA STEVENSONJUNE 13, 2017<br />The chairman of a Chinese financial conglomerate who tried to forge a business<br />relationship with President Trump’s son-in-law has been detained by police.<br />The Caijing article said Mr. Wu was detained as part of a Chinese government investigation into Anbang.
