Major Corporation Bans Travel To China After Employee Is Allegedly Prevented From Leaving

A leading multinational corporation suspended all travel to China on Thursday following allegations that one of its employees was detained against their will while attempting to leave the country.

Wells Fargo halted all travel to China after an employee, Chenyue Mao, was reportedly prevented from leaving the country, according to Reuters. The banking giant is investigating the situation while assuring that efforts are underway to bring Mao back to the United States as soon as possible.

Mao, a seasoned banker and managing director at Wells Fargo, was allegedly detained by Chinese authorities during a recent trip. The Wall Street Journal cited sources familiar with the incident, indicating that Mao, who has worked at Wells Fargo for over a decade, was placed under an exit ban while in China. Wells Fargo said they are working through the proper channels to resolve the matter.

Mao, a U.S. citizen born in Shanghai and currently based in Atlanta, played a key role in Wells Fargo’s international factoring business. Mao’s interactions with Chinese firms have included trade financing and cross-border capital strategies. Despite this, the reason for Mao’s detention remains unclear, as no formal explanation from Chinese authorities has been provided. (Read more from “Major Corporation Bans Travel To China After Employee Is Allegedly Prevented From Leaving” HERE)

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