More Chinese officials’ relatives named in ‘Panama Papers’ investigation

More Chinese officials' relatives named in 'Panama Papers' investigation
JISHOU, HUNAN — Five more relatives of past and present China Politburo members have been identified as holders of secretive multi-million-dollar offshore assets by a worldwide group of journalists. The reports brings the number of Chinese offshore account holders to nine so far. The first four identified by the International Consortium of Investigative Journalists (ICIJ) include the brother-in-law of President Xi Jinping, and the granddaughter of former premier Li Peng. In a report today, the ICIJ named: Lee Shing Put, son-in-law of Zhang Gaoli, a current Politburo Standing Committee member, was a shareholder of three companies incorporated in the British Virgin Islands: Zennon Capital Management, Sino Reliance Networks Corporation and Glory Top Investments Ltd. Jia Liqing, daughter-in-law of Liu Yunshan, another Standing Committee member, was the director and shareholder of Ultra Time Investments Ltd., a company incorporated in the British Virgin Islands in 2009. Zeng Qinghuai, brother of Zeng Qinghong, the vice president of China from 2002 to 2007, was the director of a company, China Cultural Exchange Association Ltd., that was incorporated first in the island nation of Niue and then re-domiciled in 2006 in Samoa. Hu Dehua, son of the late Hu Yaobang, who served as head of ...

‘Panama Papers’ leak names Chinese officials, gov’t quickly blocks web access

'Panama Papers' leak names Chinese officials, gov't quickly blocks web access
JISHOU, HUNAN — Family members of Chinese party officials — including President Xi Jinping — are among the very rich named in a massive exposé of secretive offshore financial accounts, but Chinese citizens will probably never hear about it. Within hours of the “Panama Papers” reports released today by the International Consortium of Investigative Journalists (ICIJ), China’s Internet censors blocked the ICIJ domain and any search engine queries for “Panama Papers.” (See screencap, above.) State news agencies likewise have no mention of the reports, which have so far named Xi’s brother-in-law and relatives of past and present Politburo members as only a few of the holders of offshore accounts sheltering billions of dollars internationally. English language news sites are so far not affected, but Chinese language sites are blocked or censored. Online discussion is also being monitored and blocked, the BBC reports. Chinese holders of overseas accounts whom the ICIJ has so far named are: Li XiaoLin, businesswoman and daughter of former Premier Li Peng. ICIJ revealed in 2015 she held nearly $2.48 million in a secret HSBC account in Switzerland. Deng Jiagui, brother-in-law of sitting President Xi Jinping. Bloomberg had already reported in 2012 that Deng and his wife ...
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