SHANGHAI -- Police have rearrested former Shanghai
tycoon Zhou Zhengyi. the municipal government has confirmed.
A government spokesman said, "The police are currently investigating Zhou's
problems." He gave no further details on the "problems".
He said Zhou had been in custody since October.
Zhou was released from prison in May after completing a three-year sentence
for "controlling securities prices and making a false report of registered
Zhou, 45, who started business as a teenager in a wonton noodle shop and
graduated to number 11 on Forbes' list of 100 richest mainlanders, was the
majority shareholder of Hong Kong-listed Shanghai Land Holdings and Shanghai
In 2002, Forbes estimated Zhou's wealth at about 320 million U.S. dollars.