BEIJING (AP) — Police in Shanghai detained the chief editor and several employees of an influential Chinese financial news site on allegations they extorted money from companies by threatening to publish negative news about them, state media said Thursday.

The case surrounding www.21cbh.com, the website for the 21st Century Business Herald, is the latest scandal involving news corruption in China, where extortion schemes have plagued the state-owned media, especially outlets specializing in financial news.