# Beijing police detain Yiren Digital chairman after widespread product defaults

https://mins.news/en/item/95985

- South China Morning Post, 2026-10-12 07:24 UTC
- Economy
- Original: https://www.scmp.com/business/banking-finance/article/3370569/beijing-police-detain-yiren-digital-chairman-after-massive-product-defaults?utm_source=rss_feed

> Chinese police detained a controller of US-listed digital lender Yiren Digital after two linked investment platforms failed to repay mainland investors for more than four months. Beijing’s public security bureau said it had opened a criminal investigation into suspected illegal activity at companies associated with CreditEase and arrested controllers, including a 53-year-old man surnamed Tang and a 51-year-old woman.