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Panama Papers finger China's president

 
Lily o' the Valley

User ID: 11213558
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04/06/2016 11:31 AM

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Panama Papers finger China's president
China state media said the Panama Papers were “a new means for the ideology-allied Western nations to strike a blow to non-Western political elites and key organisations”, it added.

Asked whether China would investigate those named in the reports, foreign ministry spokesman Hong Lei said: “For such groundless accusations, I have no comment.”

Corrupt Chinese officials have moved more than $120 billion overseas, according to a 2011 report by the People’s Bank of China.

Offshore companies are not illegal and can be used for legitimate business needs. But they commonly feature in corruption cases, when they are used to secretly move ill-gotten gains abroad.

Britain’s Guardian newspaper said an internal Mossack Fonseca survey found the biggest proportion of its offshore company owners came from mainland China, followed by Hong Kong.


Hong Kong also housed the greatest number of intermediaries, banks and law firms, among others, that set up offshore corporations on clients’ behalf.

Mossack Fonseca’s office locations in China include the major financial centres of Shanghai and Shenzhen, as well as port cities Qingdao and Dalian, and lesser-known provincial capitals such as Shandong’s Jinan and Hangzhou in Zhejiang, along with Ningbo, also in the eastern province.
[link to www.hongkongfp.com (secure)]
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Lily o' the Valley  (OP)

User ID: 11213558
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04/06/2016 11:32 AM

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Re: Panama Papers finger China's president
Two more Chinese political leaders were found to have links to offshore firms, according to reports on the documents leaked from Panamanian law firm Mossack Fonseca.

Zhang Gaoli and Liu Yunshan, two members of China’s Politburo Standing Committee — the Communist Party’s highest decision making body — have relatives who are listed as directors or shareholders in firms located in the known tax haven country, according to the BBC.

[link to www.hongkongfp.com (secure)]
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Candle_In_the_Wind
Breshears is Off: Ask Me Why

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04/06/2016 11:34 AM

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Re: Panama Papers finger China's president
finger China's president
 Quoting: Lily o' the Valley


mmno2
(B)ullshit™ always needs an amplified bullhorn demanding kneeling subservience - or else.- SyncAsFunk

The light within me always draws me back to make the dark decision to leave the false counterfeit light. -New Heart
Anonymous Coward
User ID: 71907898
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04/06/2016 11:40 AM
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Re: Panama Papers finger China's president
Obama doin his thing. TAKEDOWN.
Lily o' the Valley  (OP)

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04/06/2016 11:42 AM

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Re: Panama Papers finger China's president
The organization that worked on the release the ICIJ, was instrumental in releasing information on Chinese political figures who were in opposition to still powerful ex-dictator Jiang Zemin while the Communist Party was deliberating on the choice of its new headman a couple of years ago. The release of this damaging information about the ill gotten fortunes of high Chinese officials conveniently omitted to mention the vast fortune amassed by the Jiang family.

Jiamg Zemin was the first Chinese leader to bring China into Wall Street markets, and has close ties with the New York Times as well as the New York financial elites.

Jiang also has ties with the Bush family, who helped him advance his goal of changing China as a manufacturing nation to China as an investing nation.

At present, most of Jiang's political machine in China has been dismantled in a Party wide purge of Jiang cronies by Xi Jinping.

Last Edited by Lily o' the Valley on 04/06/2016 01:06 PM
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Lily o' the Valley  (OP)

User ID: 11213558
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04/06/2016 11:43 AM

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Re: Panama Papers finger China's president
finger China's president
 Quoting: Lily o' the Valley


mmno2
 Quoting: Candle_In_the_Wind


He deserves to be slapped.
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Anonymous Coward
User ID: 69789605
Austria
04/06/2016 11:43 AM
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Re: Panama Papers finger China's president
It's a Rothschild/Soros orchestrated smear campaign against Russia and China leaders

Russia and China are the only remaining power houses that do NOT have a Rothschild printing press. So Rothschilds can't just outright steal from those countries like how they do in western nations. That's why those countries have to be demonized.

Yet shills and retards keep telling everyone that Xi and Putin are just 'players' who are in cahoots with the Rothschilds

pick
Lily o' the Valley  (OP)

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04/06/2016 11:49 AM

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Re: Panama Papers finger China's president
Previous ICIJ hit jobs revealed enormous fortunes of Jiang's political rivals:


[link to www.nytimes.com]
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Anonymous Coward
User ID: 23409777
United Kingdom
04/06/2016 11:51 AM
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Re: Panama Papers finger China's president
It's a Rothschild/Soros orchestrated smear campaign against Russia and China leaders

Russia and China are the only remaining power houses that do NOT have a Rothschild printing press. So Rothschilds can't just outright steal from those countries like how they do in western nations. That's why those countries have to be demonized.

Yet shills and retards keep telling everyone that Xi and Putin are just 'players' who are in cahoots with the Rothschilds

pick
 Quoting: Anonymous Coward 69789605


I would say the 3 biggest groups on the list appear to me to be from Britain-China-Hong Kong... which is rather intriguing given that this is the start of a UK-China Golden era...

yesterday...

Xi eyes British royal family's role in promoting China-UK friendship
[link to news.xinhuanet.com]

All the while the US pivots against China..
Lily o' the Valley  (OP)

User ID: 11213558
United States
04/06/2016 12:10 PM

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Re: Panama Papers finger China's president
It's a Rothschild/Soros orchestrated smear campaign against Russia and China leaders

Russia and China are the only remaining power houses that do NOT have a Rothschild printing press. So Rothschilds can't just outright steal from those countries like how they do in western nations. That's why those countries have to be demonized.

Yet shills and retards keep telling everyone that Xi and Putin are just 'players' who are in cahoots with the Rothschilds

pick
 Quoting: Anonymous Coward 69789605


I would say the 3 biggest groups on the list appear to me to be from Britain-China-Hong Kong... which is rather intriguing given that this is the start of a UK-China Golden era...

yesterday...

Xi eyes British royal family's role in promoting China-UK friendship
[link to news.xinhuanet.com]

All the while the US pivots against China..
 Quoting: Anonymous Coward 23409777

Yes, a lot of Chinese activity. This company had offices all over China.
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Anonymous Coward
User ID: 23409777
United Kingdom
04/06/2016 12:29 PM
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Re: Panama Papers finger China's president
It's a Rothschild/Soros orchestrated smear campaign against Russia and China leaders

Russia and China are the only remaining power houses that do NOT have a Rothschild printing press. So Rothschilds can't just outright steal from those countries like how they do in western nations. That's why those countries have to be demonized.

Yet shills and retards keep telling everyone that Xi and Putin are just 'players' who are in cahoots with the Rothschilds

pick
 Quoting: Anonymous Coward 69789605


I would say the 3 biggest groups on the list appear to me to be from Britain-China-Hong Kong... which is rather intriguing given that this is the start of a UK-China Golden era...

yesterday...

Xi eyes British royal family's role in promoting China-UK friendship
[link to news.xinhuanet.com]

All the while the US pivots against China..
 Quoting: Anonymous Coward 23409777

Yes, a lot of Chinese activity. This company had offices all over China.
 Quoting: Lily o' the Valley


And whos territory was most of that money moved to... Now call me whatever you like, but I can't see Britain shooting itself in the foot and losing that cash to other tax havens, and certainly not annoy China given how hard Britain is trying to woo China, at the moment they are risking the entire British steel industry to keep keep China happy... so it should be interesting to watch this evolve..
Lily o' the Valley  (OP)

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04/06/2016 01:07 PM

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Re: Panama Papers finger China's president
More names

Many Asian leaders caught up in the ‘Panama Papers’ scandal

Hong Kong (AsiaNews) – The leaked Panama Papers name scores of people as beneficiaries of banks and shadow companies to hide their finances.

They names include, among others, those of the brother-in-law of Chinese President Xi Jinping, the children of Li Peng aka ‘the butcher of Tiananmen’, the president of Ukraine, the Emir of Qatar, the sons of Hosni Mubarak, the King of Morocco Mohammed VI, close friends of Vladimir Putin, as well as political leaders in Iraq and United Arab Emirates.
[link to www.asianews.it]
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Lily o' the Valley  (OP)

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04/06/2016 01:12 PM

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Re: Panama Papers finger China's president
From Hong Kong's South China Morning Post, recently acquired by a pro-Beijing buyer:


Who needs Switzerland or the Panama Papers? US now in the lead as a tax cheat heaven for world’s rich and powerful
PUBLISHED : Thursday, 07 April, 2016, 12:45am

The United States is emerging as a top tax haven alongside the likes of Switzerland, the Cayman Islands and Panama, those seeking reform of the international tax system say.

And states such as Delaware, Nevada, South Dakota and Wyoming, in particular, are competing to provide foreigners with the secrecy they crave.

“There’s a big neon sign saying the US is open to tax cheats,” says John Christensen, executive director of the Tax Justice Network.

America’s openness to foreign tax evaders is coming under new scrutiny after the leak this week of 11.5 million confidential documents from a Panamanian law firm. The Panama Papers show how some of the world’s richest people hide assets in shell companies to avoid paying taxes.
Foreign elites have used the United States as a bolt-hole for looted wealth

Christensen’s group, which campaigns for a global crackdown on tax evaders, says the United States ranks third in the world in financial secrecy, behind Switzerland and Hong Kong but ahead of notorious tax havens such as the Cayman Islands and Luxembourg.
[link to www.scmp.com]

A little bit of damage control from China going on here.

Let's see what else the Chinese reveal :-)
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Vomitously Hienous Anus
User ID: 71961983
Japan
04/06/2016 01:57 PM
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Re: Panama Papers finger China's president
There is no scandal.... We all know they are all bent beyond redemption, I've been watching you humans go through these cycles of bullshit, desperate psychological escapism time and time again, yet the New World Order marches on, wraps that noose a little tighter around your neck and AGAIN you are all fighting over puppets, the one with the fakest tan, fakest hair, fakest everything is in fact your fave XDDD (hard to pick who gets thge crown of worst candidate, it's a circle jerk in a cesspit kinda situation).

Aside from the rant and impending feeling of doom, 5 * for it is what it is... or is it? XD
Anonymous Coward
User ID: 71935178
United Kingdom
04/06/2016 02:14 PM
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Re: Panama Papers finger China's president
they're a totalitarian regime

they care not one fucking jot what we think of them

ffs
Anonymous Coward
User ID: 71961983
Japan
04/06/2016 02:28 PM
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Re: Panama Papers finger China's president
they're a totalitarian regime

they care not one fucking jot what we think of them

ffs
 Quoting: Anonymous Coward 71935178


You got it mate.
Lily o' the Valley  (OP)

User ID: 11213558
United States
04/06/2016 02:40 PM

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Re: Panama Papers finger China's president
they're a totalitarian regime

they care not one fucking jot what we think of them

ffs
 Quoting: Anonymous Coward 71935178


This is totally true.

However many Chinese are able to access this site, and read these threads.

Secondly, this has nothing to do with what we think of them. Whatever gave you that silly idea?
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Anonymous Coward
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04/06/2016 02:48 PM
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Re: Panama Papers finger China's president
one or two?? can't be more than two fingers, otherwise this isn't china's first time.
Anonymous Coward
User ID: 35361164
United States
04/06/2016 07:36 PM
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Re: Panama Papers finger China's president
Bumper
Anonymous Coward
User ID: 35361164
United States
04/06/2016 07:38 PM
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Re: Panama Papers finger China's president
Obama doin his thing. TAKEDOWN.
 Quoting: Anonymous Coward 71907898


takennnnnn





GLP