The former head of investment banking in China at JP Morgan Chase has been arrested by Hong Kong’s anti-corruption agency, according to reports.
Posts Tagged: Wen Jiabao
Family members of China’s current and prior political leaders are using secret, offshore companies to help hide their wealth in tax havens, a new report says. And some well-known banks and accounting firms have played a significant role in helping them do it.… Continue Reading
Chinese government censors blocked the New York Times website Friday after it published a blockbuster story detailing the massive wealth accumulated by the family of Prime Minister Wen Jiabao.
The Times said a review of corporate and regulatory records indicate the prime minister’s relatives control assets of at least $2.7 billion.… Continue Reading
Relatives of China’s premier Wen Jiabao control assets totaling $2.7 billion, the New York Times reported. The newspaper traced 80 percent of the money to members of Wen’s extended family.
The Times said it used public records and information from unidentified sources to sort through the family’s apparent attempt to conceal the assets via a network of partnerships and shell companies.… Continue Reading