A Standard Chartered banker has been detained by police in China as part of an investigation into a wealthy client who allegedly stole money from a state-owned bank.
Wu Yidian Eden, a naturalised Singaporean citizen who had been asked over the past two months to co-operate with police inquiries about a StanChart client who allegedly stole a large sum of money from Agricultural Bank of China and fled the country, is now in custody, according to her fiancé Jason Tan.
The detention, which UK-based StanChart confirmed, highlights the risks for foreign bankers involved in wealth management in China, where the source of vast personal fortunes can be shrouded in mystery.
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