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Friday, May 25, 2012

Chinese Authorities Release S'porean Banker

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http://online.wsj.com/article/SB10001424052702304707604577425130866914106.html

Chinese authorities have released a Standard Chartered banker detained in March on suspicion she aided a fugitive during her work as a banker for high net-worth individuals, her fiancé said.

Wu Yidian Eden was released on Thursday after being held by police in China's eastern Jiangsu province where she was questioned over the disappearance of a man who had been her client, said Jason David Tan, her fiancé. Mr. Tan said that conditions of the Singapore national's release require her to remain in China for one year and not speak with the media.

Ms. Wu, 31 years old, had been detained since March 6, when police in the Chinese city of Wuxi said in a notice to her family that she was being held on suspicion of harboring criminals.

Ms. Wu's family said her detention was related to her business connections with a man who Chinese authorities have recently described as a fugitive from the law, and who Ms. Wu served as a high net-worth client of her bank, Standard Chartered.

Chinese authorities have offered no indication they are closer to nabbing Sun Feng, the alleged fugitive. In announcing an international warrant for Mr. Sun's arrest, police said earlier this year he is suspected of leaving China late in 2011 with an unspecified amount of money that wasn't his.

Mr. Sun was formerly a branch manager for Agricultural Bank of China Ltd. 1288.HK -1.58% in Jiangsu Province, according to police and the Beijing-based bank, which said the missing money wasn't from its coffers.

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