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China releases Mintz employee after two years in prison
China has released all Mintz employees who were imprisoned for two years. This follows a raid on their office in Beijing. The incident raises questions about business operations in the country.
China releases Mintz employee after two years in prison
The Chinese authorities have released all employees of the Mintz company who have been working since... Attack on their office in Beijing had been in custody for two years as of March 2023. A spokesman for the US due diligence company Mintz Group confirmed this in an email to Reuters.
Background to the arrests
Chinese police arrested five local employees in the attack, marking the start of a broader offensive against consulting and due diligence firms. This also included offices of Bain & Company in Shanghai and Capvision Partners.
Impact on investors
At the time, foreign business representatives expressed concern about the impact of the actions, saying they damaged investor confidence in the world's second-largest economy.
Release of employees
“We are grateful to the Chinese authorities that our former colleagues can now be reunited with their families,” said a spokesman for Mintz.
Mintz’s global presence
According to a May 2023 filing, Mintz was conducting corporate due diligence investigating possible signs of forced labor in supply chains associated with the Xinjiang region of China. Mintz has 12 offices and more than 280 investigators worldwide, according to the company's website.
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