Billionaire Richard Liu turned over to prosecutors in sexual assault case

The case involves sexual assault allegations against a Chinese billionaire studying at the University of Minnesota.

Lew Blank

The investigation into the sexual assault case against Chinese billionaire Richard Liu has been turned over to prosecutors, Hennepin County Attorney Mike Freeman announced in a Thursday press release. 

Liu, the founder of Chinese online retailer and a student in the University of Minnesota Carlson School of Management’s Doctor of Business Administration program, was arrested in August for allegedly sexually assaulting a UMN student and was investigated by the Minneapolis Police Department. 

Now, prosecutors will review the evidence and decide whether or not to bring charges, Freeman said.

Liu was arrested on Aug. 31 and released by the Minneapolis Police Department the next day. His company,, returned net revenues of $55.7 billion across 2017, according to CNBC.

There is no deadline for prosecutors to make the decision, Freeman said.