The former head of investment banking in China at JP Morgan Chase has been arrested by Hong Kong’s anti-corruption agency, according to reports.
Entries in Wen Jiabao (4)
Family members of China's current and prior political leaders are using secret, offshore companies to help hide their wealth in tax havens, a new report says. And some well-known banks and accounting firms have played a significant role in helping them do it.
Chinese government censors blocked the New York Times website Friday after it published a blockbuster story detailing the massive wealth accumulated by the family of Prime Minister Wen Jiabao.
Relatives of China’s premier Wen Jiabao control assets totaling $2.7 billion, the New York Times reported.