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.
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.… Continue Reading