[Fund manager arrested for gambling? Western Lide Fund speaks out for the first time] Recently, the news that "a fund manager was arrested for gambling" has been circulating. From the initial speciousness to the subsequent pointing of the finger at Jie Wenzeng of Western Lide Fund, this incident has attracted considerable attention in the industry. On September 25, Western Lide Fund responded to the incident, stating that after confirmation with Jie Wenzeng himself and careful verification, Western Lide Fund discovered that Jie Wenzeng committed illegal gambling at around 3:00 p.m. on Sunday, September 7, 2025, at a hotel on Xianxia Road, Changning District, Shanghai. The Changning Branch of the Shanghai Public Security Bureau imposed an administrative detention of ten days and a fine of 500 yuan on him. Based on the above circumstances, the company made a relevant accountability decision on September 25, removing him from his position as fund manager and terminating his labor contract.
