Chinese billionaire and tech mogul Richard Qiangdong Liu has returned to China, Monday three days after Minneapolis police arrested and detained him on suspicion of sexual assault.
Richard Liu, CEO and founder of China's e-commerce company JD.com, speaks before ringing the opening bell at the NASDAQ Market Site building at Times Square in NY, U.S. May 22, 2014. He declined to provide details of the arrest.
JD.com said Liu had been subject to a false accusation while in the USA on business, and "local police quickly determined there was no substance to the claim".
Legal troubles for Liu could darken perceptions overall of JD.com, whose shares trade on the Nasdaq stock market in NY and have a market value of around US$50 billion.
"The local police quickly determined there was no substance to the claim against Mr. Liu", the statement read, "and he was subsequently able to resume his business activities as originally planned".
"I'm not aware of any other company that has similar rules", said Chris Leahy, co-founder of advisory firm Blackpeak and a corporate governance expert.
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Mr. Liu, 45, was taken into custody by Minneapolis police on Friday and released the next day.
China's foreign ministry said Monday the Chinese Consulate in Chicago is looking into the circumstances surrounding Liu's arrest.
Liu recently tried to distance himself from a sexual assault allegations against a guest at a 2015 party at Liu's penthouse in Australia. But he tried to get an Australian court to prevent the release of his name in connection with the case by citing potential damage to his marriage and business, court documents show.
In June, Google announced it would invest more than half a billion dollars into JD.com as part of a move to expand retail services around the world.
This is not the first time Liu has been embroiled in a sexual misconduct incident.