JD.com CEO released after USA arrest for alleged sexual misconduct

JD.com CEO released after USA arrest for alleged sexual misconduct

The chief executive of China's JD.com, Liu Qiangdong, was briefly arrested in the USA on accusations of criminal sexual conduct.

No complaint has been filed against Liu, who goes by the Americanized name of Richard in the US.

He was arrested shortly before midnight on Friday and was released just after 4pm on Saturday, according to Hennepin county sheriff's office.

Nasdaq-listed JD.com said in a statement Sunday that Liu was falsely accused while in the US on a business trip, and that police investigators found no misconduct and he would continue his journey as planned.

Police said the investigation was active and would not confirm details of the arrest or the allegations against the 45-year-old billionaire.

"The decision was made not to hold him in custody while we conducted the investigation", Elder told Fox 9.

JD.com said in a statement on Sunday that Liu was falsely accused while in the United States for a business trip and police found no evidence of misconduct.

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This is not the first time Liu has been embroiled in a sexual misconduct incident.

University spokeswoman Emma Bauer in a statement declined to comment further and referred questions to the Minneapolis Police Department.

The company has been in and out of the red for the past year and last month reported a second-quarter net loss of $334.4 million - nearly twice that forecast in a Thomson Reuters I/B/E/S poll - reflecting increased investment.

JD.com has been regarded as one of Alibaba's main competitor. In 1998, he spent 12,000 yuan of his savings to lease a four-square-meter retail space in Beijing's technology hub of Zhongguancun, setting up a firm that would become JD.com.

Liu's company released a statement that denied he had done anything wrong.

Although Liu has never faced allegations of being involved in any sex crime before, his name got in the news in connection with a sexual assault of a woman in his estate in Australia in December 2015.

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