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

His threat surfaced after a deal went sour
April 19, 2017 10:30AM

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

From TRD New York: 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