The Zendai Group offices in Shanghai. The closely held investment firm focuses on businesses ranging from finance and culture to health, according to its website. Photo: Imaginechina

Founder of Shanghai investment firm Zendai Group surrenders to police after P2P lending units default on payments

  • Dai Zhikang under investigation for illegal fundraising, embezzlement, police say
  • Closure of two online lending units worth 10 billion yuan leads to surrender
Topic |   Financial regulation

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The Zendai Group offices in Shanghai. The closely held investment firm focuses on businesses ranging from finance and culture to health, according to its website. Photo: Imaginechina
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