Chinese authorities have raided US due diligence firm Mintz Group’s Beijing offices, detaining five local staff and closing its China operations, the company said in a statement.
The raid, which one person familiar with the matter said occurred on Monday, comes as the Chinese government is preparing to welcome scores of international chief executives including Tim Cook of Apple and Noel Quinn of HSBC for its annual investor conference this weekend.
“Mintz Group has not received any official legal notice regarding a case against the company and has requested that the authorities release its employees,” the company said.
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