Friday, June 16, 2017

Why Are Some Of China's Richest And Most Powerful Men Mysteriously Disappearing?

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L.A. Times: Some of China's richest and most powerful men have mysteriously vanished

The financial giant Anbang Insurance Group Co. announced Wednesday that its chairman, Wu Xiaohui, was stepping aside temporarily for “personal reasons” and that he had authorized “relevant senior executives to continue running the business.”

The announcement, which spurred a decline in stocks in which Anbang has significant investment, came just hours after the independent Chinese financial magazine Caijing reported that authorities had detained Wu.

The story was later deleted from the magazine’s website, but the BBC reported that police had taken Wu away from the Anbang offices in Beijing on Thursday.

Read more ....

WNU editor: It's always about the money .... and in China (like everywhere else) .... the government wants its cut.


D.Plowman said...

Very disturbing...

James said...

Xi's muscle: Central Commission for Discipline Inspection

NaRong said...

ok, not directly related to the left vs right thing, or trump.. but I hope the Republican lawmakers now realize that a black guy saved them and that they will remember this when passing the next laws.. this guy is a hero!
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D.Plowman said...

I don't see why his color should matter. At all.