Beijing - Chinese real-estate magnate Huang Junqin has followed his younger brother and billionaire businessman Huang Guangyu in being accused of "economic crimes," state media reported Saturday, citing police.
Huang Junqin, founder and chief executive of the Beijing Towercrest Group Ltd, was detained Wednesday, Beijing police said.
His brother - one of the country's wealthiest people as head of Gome Electrical Appliances, China's largest consumer electronics chain - was detained a week earlier for questioning.
The investigations relate to manipulation of share prices last year of a Shanghai pharmaceutical company run by Huang Junqin, the Caijing business magazine quoted unidentified sources as saying.