Beijing probe focuses on Fosun boss's 'personal affairs'

Beijing

GUO Guangchang, one of China's best-known entrepreneurs, is helping the police with an investigation that focuses mostly on his personal affairs, the president of Mr Guo's investment conglomerate Fosun International said on Sunday.

Fosun had confirmed on Friday that Mr Guo, a self-styled student of investor Warren Buffett, was assisting the authorities with a probe, a day after local media said that the group had lost contact with its billionaire founder. "It is mostly about his personal affairs," company president Wang Qunbin said in a conference call when asked whether the investigation was into the company, or Mr Guo personally.