China releases five detained staff from US due diligence firm Mintz Group | Business and Economy News

Company says it is ‘grateful’ to Chinese authorities for releasing local staff after two years in detention.

China has released five staff of the due diligence firm Mintz Group after nearly two years in detention, the United States-based company has said.

Chinese authorities detained the five local staff in March 2023, marking the start of a series of raids on foreign consultancy and due diligence firms, including Bain & Company and Capvision Partners.

China’s National Bureau of…