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Headline

China's premier turns to lawyers from Jun He and Grandall amid New York Times row

Comment

It's not merely a question of transparency. It is illegal to own assets overseas without having gone through the SAFE approvals. It is illegal whether held directly or through proxies. In addition, the Party constitution does not allow the amassment of wealth overseas. Add to that the likelihood that the wealth was amassed under dual nationalities, which is also unlawful, and you get a total of very serious risks for the Wen family, including likely criminality. So the NYT allegations are destructive. Of course, the other leaders are probably worse.

Posted date

30-Oct-2012

Posted time

0:56 am

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