Chinese, Hong Kong officials named in latest ‘Panama Papers’ releases

Chinese, Hong Kong officials  named in latest 'Panama Papers' releases
JISHOU, HUNAN — The investigative team behind the massive “Panama Papers” data dump have uncovered more associates of present or former Chinese government officials with offshore shell accounts. Also named are a present minister in the Hong Kong government and a Hong Kong university. Previously, eight people with ties to former or present Politburo members — including the brother-in-law of President Xi Jinping — were revealed to have extensive offshore business assets. Named in the latest report is Li Pak-tam, son-in-law of Jia Qinglin, a former Politburo member who retired in 2013. Li is the owner of a firm listed in the British Virgin Islands, Fung Shing Development Ltd., the South China Morning Post reported. Jia’s grand-daughter, Jasmine Li, had previously been named as an officer of another offshore shell company The Post had previously reported that Hong Kong’s Polytechnic University had established an offshore company with millions of dollars in assets, but the university had never mentioned the shell company’s existence in its financial reports. The deal happened while the present HK innovations minister, Nicholas Yang Wei-hsiung, was vice president of the university. Shares in this offshore company were then transferred to another company controlled by a delegate to ...

Hong Kong publisher says mainland police entered HK to question him

Hong Kong publisher says mainland police entered HK to question him
JISHOU, HUNAN — As the saying goes, the plot thickens, as more details slowly come out about the five Hong Kong booksellers who disappeared, only to reappear on the mainland. One of their friends says mainland police questioned him — in Hong Kong — about the five men’s activities. Thing is, by treaty, mainland police are not supposed to have jurisdiction in HK, a Special Autonomous Region (SAR) of greater China. Hong Kong residents have suspected that the five men, who published and sold sensational books about corrupt Chinese Communist Party officials, were apprehended in Thailand, mainland China and Hong Kong by mainland security bureau agents late last year. They later resurfaced in Guangdong Province on the mainland, under mysterious circumstances. Hong Kong police say no mainland agents entered the SAR, but a friend of the five booksellers told the South China Morning Post (SCMP) that he was questioned at length on three occasions by three officers from the Guangdong State Security Department about the five men. Lau Tat-man, 65, also told the Post that security agents in Dongguan, Guangdong, detained his wife while she visiting there, and questioned her for four hours about the publishing business. The Post stated ...

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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