Chinese Billionaire, Richard Liu Arrested For Alleged Sexual Misconduct

A Chinese billionaire and founder of, Richard Liu, has been apprehended for alleged case of sexual misconduct in Minnesota.

According to report from CNBC, the CEO was arrested late on Friday for involving in sexual misconduct.

It was gathered that after much interrogation, Mr Liu was freed on bail on Saturday, CNBC reports

The company, in a statement released on Chinese social media Weibo, said the allegations made against the billionaire were false.

The local police found no evidence of the alleged misconduct, the statement read, and Liu’s business trip has continued.

Liu has recently tried to distance himself from a sexual assault which took place after a party he threw in his penthouse in Australia in 2015.

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