Founder of released pending further investigation by Minneapolis police

The billionaire founder and chief executive of Chinese e-commerce firm, Richard Liu, has been arrested in Minnesota on suspicion of criminal sexual conduct.

He was arrested shortly before midnight on Friday and was released just after 4pm on Saturday, according to Hennepin county sheriff’s office. Its website showed Liu was “released pending complaint”. Minneapolis police spokesman John Elder said an investigation was ongoing and declined to provide details of the arrest.

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