Some of the offshore financial secrets of the Chinese ruling class have been revealed in leaked documents
Chinese princelings hoarding wealth in British Virgin Islands
Chinese princelings hoarding wealth in British Virgin Islands
Leaked documents contained in more than 200GB of data shared with Guardian expose the extent to which China's political elite is using secret firms based in the British Virgin Islands. Here are the main revelations:
1. More than a dozen relatives of China's most senior political and military leaders use companies based in the offshore tax haven of the British Virgin Islands. They include the brother-in-law of the China's president Xi Jinping; the son and son-in-law of the former president Wen Jiabao; and the daughter of the former premier Li Ping.
Continue reading...