TPG places Beijing employees on leave amid internal probe

HONG KONG: TPG Capital has put some employees at its Beijing office on leave as it conducts its own investigation into US allegations of insider trading by a former employee.

The move comes as a “precautionary measure” that is “in line with our policies,” according to a statement from a spokeswoman for Fort Worth, Texas-based TPG, who asked not to be named citing company policy. “It is important to note that no wrongdoing has been alleged and nothing should be inferred from such course of action.”