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

His threat surfaced after a deal went sour

TRD LOS ANGELES /
Apr.April 19, 2017 10:30 AM
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 


Related Articles

arrow_forward_ios
From left: Jose Huizar, Huang Wei, Mohamed Hadid, Robert Herscu, Raymond Chan, and Arman Gabay, with Los Angeles City Hall (Credit: iStock and Getty Images)

Real estate’s role in LA corruption scandals

From left: Governor Gavin Newsom, Assemblymember David Chiu, Senator Holly Mitchell, and Senator Nancy Skinner (Credit: Getty Images)

Here are the key housing and rent control bills state lawmakers are debating

Assemblymember Phil Ting

Statewide pot shop bill gets smoked

Assemblymember David Chui

Opponents of statewide bill to cap rent increases call it “disincentive” to build

Councilmen Blumenfield and Cedillo with City Hall

City Council’s plan to restrict developer donations faces Council pushback

Inglewood Mayor James T. Butts

Inglewood spent millions soundproofing wealthier homes from LAX noise

State Senator Anthony Portantino and Glendale

Strength in the suburbs: Homeowners played central role in opposing housing bill

LAplus' Mark Vallianatos

Housing construction in LA is down, and developers blame Measure JJJ

arrow_forward_ios