Lawyer says former Hubei richest man Ai Luming detained for suspected illegal deposit-taking

Regulation
โดย 红星资本局·CN·Read original
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Lawyer Lan He posted on social media on the evening of August 4 that Ai Luming, former richest man in Hubei and chairman of Wuhan Dangdai Group, was criminally detained by the Wuhan Public Security Bureau on July 8, 2026, on suspicion of illegally absorbing public deposits, and is being held at the Wuhan No. 2 Detention Center. Lan He stated that he became Ai Luming's defense counsel on July 9. Separately, earlier reports by Yicai cited informed sources saying Ai Luming was taken away for investigation in early July, possibly involving a financial institution. Public records show Ai Luming holds a PhD in economics from Wuhan University and is a doctoral supervisor at its School of Philosophy. He founded the Dangdai Biochemical Technology Research Institute in 1988, later took Humanwell Healthcare public in 1997, and gradually built the Dangdai conglomerate, whose total assets once exceeded 100 billion yuan. Since 2023, several listed companies under the Dangdai umbrella have been placed under investigation by the China Securities Regulatory Commission for information disclosure violations. Dangdai Group entered bankruptcy restructuring in 2024, and in April 2025 the Wuhan Intermediate People's Court approved its restructuring plan. The Hubei Securities Regulatory Bureau has imposed fines totaling 36.7 million yuan on Humanwell Healthcare, Dangdai Group, and responsible individuals, and banned Ai Luming from the securities market for seven years. In a separate case involving information disclosure violations by Santeh Scenic Road, Ai Luming faces a proposed fine of 11 million yuan and a lifetime market ban. On July 6 this year, the Hubei bureau again issued a warning to Ai Luming as the actual controller of Dangdai Group, fined him 5 million yuan, and imposed a lifetime market ban. It also found that Dangdai Group, as the largest shareholder of Tianfeng Securities, abused shareholder rights between 2020 and 2022, obtaining a total of 5.502 billion yuan in financing without legally required disclosure, and identified Ai Luming as the directly responsible executive.

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