By Marina Walker Guevara, Gerard Ryle, Alexa Olesen, Mar Cabra, Michael Hudson and Christoph Giesen
International Consortium of Investigative Journalism - January 21, 2014
Close relatives of China’s top leaders have held secretive offshore
companies in tax havens that helped shroud the Communist elite’s wealth,
a leaked cache of documents reveals.
The confidential files include details of a real estate company
co-owned by current President Xi Jinping’s brother-in-law and British
Virgin Islands companies set up by former Premier Wen Jiabao’s son and
also by his son-in-law.
Nearly 22,000 offshore clients with addresses in mainland China and Hong Kong appear in the files obtained by the International Consortium of Investigative Journalists.
Among them are some of China’s most powerful men and women — including
at least 15 of China’s richest, members of the National People’s
Congress and executives from state-owned companies entangled in
corruption scandals.
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