China seeks real estate magnate who threatened to blow whistle on party corruption

His threat surfaced after a deal went sour

TRD New York /
Apr.April 19, 2017 09:35 AM

Chinese Foreign Ministry spokesperson Lu Kang (Credit: Nicolas Asfouri/AFP/Getty Images)

Interpol is searching for Chinese billionaire and real estate magnate Guo Wengui, who claims he can reveal corruption at the highest echelons of the Communist Party.

The agency issued a “red alert” on Wednesday, which is basically an international arrest warrant for Guo, though the charges he would face are not clear, the New York Post reported. Chinese Foreign Ministry spokesperson Lu Kang revealed the alert on Wednesday.

According to Guo, the family of He Guoqiang, a former top Communist Party official, had a financial stake in one of China’s biggest brokerages, Founder Securities, the New York Times reported. Guo had tried to acquire a stake in the company himself, but the deal fell through. Guo has alleged that He’s son had a hand in the deal collapsing.

If true, He’s link to Founder Securities could be problematic, given the fact that he was in charge of eliminating corruption within the party’s ranks.

Guo’s also been linked to Ma Jian, a former vice minister of China’s intelligence service who was charged with corruption in February. Guo is believed to be in London, but he also recently spent time at Donald Trump’s Mar-a-Lago resort, where he is a member. [NYP] Kathryn Brenzel 


Related Articles

arrow_forward_ios
Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

The purge continues: WeWork’s head of real estate is leaving

Judith and Rudy Giuliani Rudolph and Judith Giuliani are divorcing after 16 years. (Credit: Getty Images, Trulia, Highrises)

Luxury properties at play in Rudy Giuliani’s ugly divorce

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Jimmy Van Bramer (Credit: NYC.gov, iStock)

After failing to meet his own deadline, Queens council member returns thousands in real estate donations

General contractors are suffering under Trump’s new tariffs on Chinese goods

The Real Deal picked up 9 awards from the National Association of Real Estate Editors

The Real Deal wins 9 NAREE journalism awards

Resi brokers remain resolute in face of Connecticut’s new “mansion tax”

arrow_forward_ios