China said Monday that a US-based Wells Fargo banker has been blocked from leaving the country because she “is involved in a criminal case.”
Chenyue Mao, an Atlanta-based managing director at Wells Fargo who was born in Shanghai, has been blocked from leaving in accordance with the law, Guo Jiakun, a spokesperson for the ministry, said during a news briefing.
The case is currently under investigation and Mao is obliged to cooperate, Guo said, though no details on the case or how Mao is involved were shared.
Chenyue Mao, managing director at Wells Fargo. Trade Reboot
“Everyone in China, whether they are Chinese or foreigners, must abide by Chinese laws,” Guo added.
Wells Fargo quickly placed a ban on all travel to China, a source close to the matter previously told Reuters.
“We are closely tracking this situation and working through the appropriate channels so our employee can return to