Top executives of Founder Group, owned by Peking University, were questioned by Chinese regulators after they were accused of insider trading and misappropriating company assets of “several dozen of billion yuan.”

Founder’s executives were also involved in the case of Ling Jihua, a former vice chairman of China’s top political advisory body, who was being investigated on allegations of corruption and discipline violations, media reported yesterday.

Founder Group Chairman Wei Xin, Chief Executive Li You and President Yu Li were “assisting authorities’ investigation.”