Billions in Hidden Riches for Family of Chinese Leader

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Billions in Hidden Riches for Family of Chinese Leader

Post by Admin on Fri Oct 26, 2012 2:41 am


Many relatives of Wen Jiabao, including his son, daughter, younger brother and brother-in-law, have become extraordinarily wealthy during his leadership, an investigation by The New York Times shows. A review of corporate and regulatory records indicates that the prime minister’s relatives, some of whom have a knack for aggressive deal-making, including his wife, have controlled assets worth at least $2.7 billion.

In many cases, the names of the relatives have been hidden behind layers of partnerships and investment vehicles involving friends, work colleagues and business partners. Untangling their financial holdings provides an unusually detailed look at how politically connected people have profited from being at the intersection of government and business as state influence and private wealth converge in China’s fast-growing economy.

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Re: Billions in Hidden Riches for Family of Chinese Leader

Post by capitalism_collapse on Fri Oct 26, 2012 6:23 pm

Wow! They'd fit right in in America at present. Hobnob with the other billionaires.

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