Baofeng Group said in a stock exchange filing that its founder, chairman and CEO Feng Xin was suspected of bribing a “non state” actor. The company cited a detention notice issued by police.

Feng Xin, chairman and CEO of Baofeng Group, has been “placed under coercive measures by the police due to suspected crime,” the Beijing-based company said in a statement Sunday. Under Chinese ...

Baofeng Group said in a stock exchange filing that its founder, chairman and CEO Feng Xin was suspected of bribing a “non state” actor. The company cited a detention notice issued by police.