China Real Estate Tycoon Re-arrested

前上海房地产大亨再次被逮捕

China's state media say police have re-arrested Zhou Zhengyi, a former Shanghai real estate tycoon who was released this year after serving a prison term for a stock market scandal. The Xinhua news agency quoted a government spokesman Friday as saying that Zhou Zhengyi has been in custody since October for unspecified problems. The spokesman said police are conducting an investigation.

Zhou Zhengyi was released in May after serving a three-year prison sentence for fraud and stock manipulation. In 2002, he ranked eleventh on Forbes magazine's list of China's richest business people. His wealth was estimated at about 320 million dollars. Zhou Zhengyi was the president of the Shanghai-based real estate firm Nongkai Development group.

中国官方媒体报导，警方再次逮捕了前上海房地产大亨周正毅。周正毅曾因股市丑闻入狱，今年刚刚获释。新华社星期五援引政府发言人的话说，今年10月以来，周正毅一直在押，不过没有说明具体原因。这位发言人说，警方正在进行调查。

周正毅曾因欺诈和操纵股市入狱服刑三年，今年5月获释。2002年，周正毅在福布斯杂志中国富豪榜上排名第11位。据估计，他当时的财富为3亿2千万美元。周正毅曾经担任上海房地产公司农凯发展集团的总裁。