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

His threat surfaced after a deal went sour

TRD MIAMI /
Apr.April 19, 2017 11:15 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
Daily Digest Miami

Gil Dezer, Related complete Residences by Armani/Casa, hedge funder, wife drop $105M for Palm Beach estate

The Vue at Brickell building and Gaston Tomaghelli

Feds freeze Miami condos tied to Argentinian drug trafficking and money laundering scheme

Joe Carollo and a Coconut Grove House

Busted: City doles out code violations to Miami commissioner’s Coconut Grove home

Dean Trantalis, Ken Valach, and a Alexan Tarpon River rendering

Condo association sues Fort Lauderdale after city rejects plans for downtown site

David Beckham, Jorge Mas and a rendering of the Overtown stadium

David Beckham, partners to close on county site in Overtown after all

President Trump and Mar-a-Lago (Credit: Getty Images)

Revenue fell at Trump’s Palm Beach properties in 2018

Govorner Ron DeSantis (Credit: Getty Images)

Florida governor signs business rent tax rollback, the third in recent years

Donald Trump and Trump Doral (Credit: Getty Images)

Trump Doral’s financial results falter due to Trump name: report

arrow_forward_ios