Chinese billionaire arrested for criminal sexual conduct in Minneapolis

Chinese billionaire arrested in Minneapolis

Liu Qiangdong, also known as Richard Liu, was visiting Minneapolis when police arrested him.

This is not the first time Liu has been embroiled in a sexual misconduct incident.

The Financial Times, citing two people with direct knowledge of the matter, said the case involved Liu, 45, a student in a business program at the University of Minnesota, and a Chinese student at the school allegedly during a USA business trip.

Elder declined to provide details about the allegations but said authorities are not overly concerned about Liu leaving the country.

The Minneapolis arrest wasn't the only harsh spotlight on Liu this year.

Hennepin County Jail records show he was arrested late Friday night and released Saturday afternoon pending possible criminal charges. "We are confident that we will be able to get in touch with him as the time becomes necessary", the spokesperson told the media. "This remains an active investigation".

JD.com, has said that the accusation against Liu, 45, was unsubstantiated.

Liu, the founder and CEO of the e-commerce company JD.com, was arrested at about 11:30 p.m. on Friday and released shortly after 4 p.m. on Saturday, according to Hennepin County Sheriff's Office records.

"Such allegations about Liu Qiangdong sexually assaulting female students are inaccurate, and the CEO will continue his trip in the United States as planned", said the statement, adding JD.com will take legal action against "false reports and rumor mongering". He had to shut it down in 2003 after severe acute respiratory syndrome struck China causing people to stay at home for fear of catching the deadly disease, the Hong Kong based South China Morning Post reported. While Liu was not accused of wrongdoing, he asked an Australian court to block release of his name, citing potential harm to his company and marriage.

In June, Google announced it would invest more than half a billion dollars in JD.com as part of a move to expand retail services around the world.

Liu is married to 24-year-old Zhang Zetian, an internet icon who rose to nationwide fame when a photo of her holding a cup of milk tea went viral.

Longwei Xu, a property developer, was later convicted of the crime.

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