Some of China’s richest and most powerful men have mysteriously vanished

Some of China’s richest and most powerful men have mysteriously vanished
October 3, 2019 No Comments Interpol admin

Xiao Jianhua

This April 2016 photo provided by the Chinese University of Hong Kong shows Chinese billionaire Xiao Jianhua, founder of Beijing-based Tomorrow Group.

A Chinese-born Canadian citizen, Xiao Jianhua vanished from his residence at the Four Seasons Hotel in Hong Kong in the early hours of Jan. 27. The Times reported that his disappearance fueled speculation that Chinese security agents illegally nabbed him from the former British colony and whisked him to the mainland, possibly as part of a crackdown on the financial industry and an investigation into whether he was involved in financial crimes. Xiao’s reported $6-billion fortune made him China’s 32nd richest person in 2016. His conglomerate, the Tomorrow Group, includes investments in real estate, insurance, banking, coal, cement and rare earth minerals.

Zhou Chengjian

Zhou Chengjian, chairman and president of Metersbonwe Group, speaks during a forum in Shanghai in December 2009.
(dycj / Imaginechina)

The billionaire chairman of Metersbonwe, one of China’s leading clothing companies, Zhou Chengjian was reported missing on Jan. 7. According to CNBC, Zhou’s company issued a statement saying it was looking into reports that police had detained the business executive. The Financial Times reported that Zhou, whose fortune was estimated at $4 billion in 2015, returned to work a week later together with Tu Ke, the company’s board secretary, who had also temporarily vanished.

Guo Guangchang

This March 2004 photo shows Guo Guangchang, chairman of Fosun International Ltd.
(Associated Press

Guo Guangchang, the chairman of the private-sector conglomerate Fosun, which owns the resort company Club Med and Cirque du Soleil, disappeared in December 2015. Company officials said in a statement that Guo had been “assisting in certain investigations carried out by judicial authorities,” according to CNBC. The executive, who reportedly has a personal fortune of close to $10 billion, subsequently reappeared at a company meeting in Shanghai. No further explanation was given for his temporary absence.

Lei Jie

Lei Jie, former chairman of Founder Securities Co., Ltd., during an interview in Beijing in December 2009.
(Liang Zi / Imaginechina)

Lei Jie, the former chairman of Founder Securities Company Ltd., a joint venture partner of Swiss bank Credit Suisse, went missing in 2015. The Wall Street Journal reported that company officials initially said Lei had requested a week’s leave through relatives on Jan. 12, 2015, but then fell out of contact a week later. On Jan. 22, the company announced that it had appointed an interim chairman, Reuters reported. Lei was released from police custody a few months later after assisting authorities with an inquiry, according to media reports.

Mao Xiaofeng

Mao Xiaofeng, then president of China Minsheng Banking Corp., gives a speech in Beijing on July 28, 2009.
(Song Zhaoqing / Imaginechina)

Mao Xiaofeng, the president of China Minsheng Banking Corp. — who at 43 was reportedly the youngest president of a listed Chinese bank (one whose shares are traded on an official stock exchange) — also disappeared in January 2015. Quartz reported that Mao was taken away by the Communist Party’s anti-graft agency to help with an investigation into Ling Jihua, a onetime senior aide to former President Hu Jintao, and that officials at Minsheng, the world’s 49th largest bank, said Mao had resigned for “personal reasons.”

Mike Poon Ho Man

Mike Poon Ho Man, former chief executive of China Aircraft Leasing Group Holdings, at a news conference in December 2014.
(Gcmt / Imaginechina)

Mike Poon Ho Man, the former chief executive of China Aircraft Leasing Group, mysteriously resurfaced in Hong Kong in November 2015, six months after he submitted a letter of resignation and his company said he could no longer be contacted. According to the South China Morning Post, Poon had been in detention as part of an inquiry into graft in China’s booming aviation sector.

About The Author

Leave a reply

Your email address will not be published. Required fields are marked *




CALL NOW  +3726027333