Lux de Veritas
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A bomb went off for weeks overseas and seems that PRC are still not aware, meanwhile people overseas sit by watching drama unfolds.
The scandal broke lose recently, although International Consortium of Investigative Journalists (ICIJ) has received anonymous materials 2 years back. Seems that recently, a lot of western newspaper are receiving materials implicating relatives of certain leadership of China. For this round, they are rock stars like
The disclosure of China's use of secretive financial structures is the latest revelation from "Offshore Secrets", a two-year reporting effort led by the International Consortium of Investigative Journalists (ICIJ), which obtained more than 200 gigabytes of leaked financial data from two companies in the British Virgin Islands, and shared the information with the Guardian and other international news outlets.
In all, the ICIJ data reveals more than 21,000 clients from mainland China and Hong Kong have made use of offshore havens in the Caribbean, adding to mounting scrutiny of the wealth and power amassed by family members of the country's inner circle.
As neither Chinese officials nor their families are required to issue public financial disclosures, citizens in the country and abroad have been left largely in the dark about the elite's use of offshore structures which can facilitate the avoidance of tax, or moving of money overseas. Between $1tn and $4tn in untraced assets have left China since 2000, according to estimates.
China's princelings storing riches in Caribbean offshore haven | World news | The Guardian
China's elite linked to secret offshore entities | International Consortium of Investigative Journalists
China: Who Uses Offshore Tax Havens | International Consortium of Investigative Journalists
The scandal broke lose recently, although International Consortium of Investigative Journalists (ICIJ) has received anonymous materials 2 years back. Seems that recently, a lot of western newspaper are receiving materials implicating relatives of certain leadership of China. For this round, they are rock stars like
- Deng Xiaoping
- Hu Jintao
- Li Peng
- Xi Jinping
- Wen Jiabao
- Su Yu
- Wang Zhen
- Peng Zhen
- Dai Xianglong
- Ye Jianying
- Jiang Zemin
- Zhou Yongkang
- Zeng Qinghong
The disclosure of China's use of secretive financial structures is the latest revelation from "Offshore Secrets", a two-year reporting effort led by the International Consortium of Investigative Journalists (ICIJ), which obtained more than 200 gigabytes of leaked financial data from two companies in the British Virgin Islands, and shared the information with the Guardian and other international news outlets.
In all, the ICIJ data reveals more than 21,000 clients from mainland China and Hong Kong have made use of offshore havens in the Caribbean, adding to mounting scrutiny of the wealth and power amassed by family members of the country's inner circle.
As neither Chinese officials nor their families are required to issue public financial disclosures, citizens in the country and abroad have been left largely in the dark about the elite's use of offshore structures which can facilitate the avoidance of tax, or moving of money overseas. Between $1tn and $4tn in untraced assets have left China since 2000, according to estimates.
China's princelings storing riches in Caribbean offshore haven | World news | The Guardian
China's elite linked to secret offshore entities | International Consortium of Investigative Journalists
China: Who Uses Offshore Tax Havens | International Consortium of Investigative Journalists
