[ad_1]
In addition to Feng Qiya, who set up an offshore company, the investigation also named two former Hong Kong leaders.
In a huge investigation into millions of classified financial documents known as Pandora Documents, the only politician named in China was a female entrepreneur who reported that she established an offshore company to trade in the United States. stock.
According to the International Federation of Investigative Journalists, in 2016, China’s annual parliament elected Feng Qiya, a representative of the National People’s Congress, to establish an offshore company called Linkhigh Trading Ltd. in the British Virgin Islands to conduct transactions.
ICIJ stated that the company has $2 million in assets and is registered with the US Securities and Exchange Commission, but is currently inactive.
According to ICIJ, Feng recommended in 2019 to “enact stricter laws to prevent corruption and white-collar crimes involving private companies”. He is one of hundreds of politicians, including current and former world leaders, and other well-known Power broker. Nearly 12 million documents from 14 legal and financial companies were leaked unprecedentedly.
The organization stated that she did not respond to multiple requests for comment.
In most countries, it is legal to use offshore accounts in low-tax jurisdictions, and many of the people mentioned in the data release have not been accused of criminal wrongdoing.
The investigation also named two former Hong Kong leaders.
Billionaire Tung Chee Hwa and his family have registered nearly 30 offshore companies. Liang Zhenying was listed as the owner of two BVI companies during his tenure as chief executive officer of Hong Kong, and is known for his leaders. Liang was investigated by the city’s anti-corruption agency, but due to insufficient evidence, the Ministry of Justice dropped the case in 2018.
The organization said that neither of them responded to ICIJ’s request for comment.
[ad_2]
Source link