The founder of Mobius Capital Partners, Mark Mobius, revealed that he cannot get his money out of HBSC in China during an interview with Fox Business last week. Mobius spent more than three decades at Franklin Templeton Investments before starting his own company. He previously served as the executive chairman of Templeton Emerging Markets Group where he managed more than $50 billion in emerging markets portfolios.

Discussing the Chinese economy and problems with government control, the billionaire revealed:

I’m personally affected. I have an account with HSBC in Shanghai and I can’t take my money out … I can’t get an explanation of why they’re doing this. It’s just amazing. They’re putting all kinds of barriers.

“They don’t say: ‘no, you can’t get your money out.’ But [they say] give us all the records from 20 years of how you made this money and so forth,” Mobius detailed. “This is crazy,” he exclaimed, emphasizing that this problem is “significant.”