A woman dubbed "the most beautiful businesswoman" in East China's Jiangsu province has been captured in Shanghai by police, local authorities said on Thursday

Police allege the woman fled in early March to escape loan debts totaling 500 million yuan ($79 million).

Gu Chunfang was arrested on Tuesday night while harboring in a rented residence in Shanghai, and she is now in criminal detention on charges of illegally absorbing public deposits, the public security authority of Changshu, Jiangsu province, said at a news conference.