HONG KONG, Sept 18 Reuters Shares of embattled developer China Evergrande Group plunged 25 on Monday after police detained some staff at its wealth management unit, suggesting a new investigation that could add to the property company39;s woes.

Evergrande, the world39;s most indebted property developer, is at the centre of a crisis in China39;s real estate sector that has seen a string of defaults since late 2021 that have rattled global markets and sparked fears of contagion. Trading in the company39;s stock was suspended for 17 months until Aug. 28.

During protests by disgruntled investors at Evergrande39;s Shenzhen headquarters in 2021, Du Liang was identified by staff as general manager and legal representative of Evergrande39;s wealth management division.

Recently, public security organs took criminal compulsory measures against Du and other suspected criminals at Evergrande Financial Wealth Management Co, police in the southern city of Shenzhen said in a social media statement on Saturday night.

Reuters could not confirm that Du was among those detained, and the police statement did not specify the number of people detained, the charges or the date they were taken into custody.

Evergrande has not responded to request for comment on the police action.

The stock fell as much as 25 to HK0.465 in early morning trade, the lowest in two weeks. It pared losses by 0200 GMT, down 11, lagging a 0.9 fall in the broader Hang Seng Index.

Last month, the Chinese…