Caijing reports:
Shanghai police have detained wealthy road contractor Liu Genshan, founder and chairman of Shanghai Maosheng International Group, as a suspect in a financial crime investigation.
Caijing learned that police launched the probe focusing on Liu several weeks ago, accusing him of fraudulent loans worth 4.3 billion yuan.
Liu, 51, is one of two famous 'highway barons' in Shanghai. The other -- financier Zhang Rongkun -- was recently sentenced to 19 years in prison as a major player in a pension scandal that rocked city hall and sent a former mayor to prison.
...Liu ... was suspected in 2005 of being involved in the case of Zhang Enzhao, a former China Construction Bank president who was sentenced to 15 years for bribery.