The chairman of China-based insurer Anbang Insurance Group, which until last month had plans to acquire Des Moines-based Fidelity & Guaranty Life, has now joined the ranks of Chinese tycoons caught up in the country's anti-corruption drive, The Wall Street Journal reported. Wu Xiaohui was taken away by government officials in Beijing last week as part of an investigation into Anbang. According to the Journal's report, "The Anbang chairman counted Wall Street executives like (Blackstone Group Chairman and CEO) Stephen A. Schwarzman among his business partners in the United States, so his detention was likely to reverberate through circles in China and the United States." Fidelity & Guaranty is being bought instead by CF Corp., a private equity company formed last year by former Blackstone partner Chinh Chu and William Foley II, chairman of Fidelity National Financial Inc. Read more