Charlie Chang , ex-manager of Chinese clothing manufacturer Kaikai, has gone missing after police began investigating the suspected embezzlement of millions of yuan, according to Xinhua news agency.

An executive with the board secretariat at textile firm Shanghai Kaikai Industrial Co Ltd confirmed reports that Chang was being pursued for questioning by police after several hundred million worth of state-owned assets went missing.

Chang's whereabouts is currently unknown, according to Xinhua, but a number of subordinates and relatives have been taken under police control.