Crony Capitalism Comes To China – Ex Central Bank Chief’s Son-In-Law In Insider-Trading Scandal

–  Crony Capitalism Comes To China – Ex Central Bank Chief’s Son-In-Law In Insider-Trading Scandal (ZeroHedge, July 7, 2014): 

As China’s anti-corruption crackdown continues, the crony-capitalists are slowly exposed. As EJ Insight reports, the son-in-law of former PBOC governor and former Tianjin mayor Dai Xianglong bought millions of dollars of shares (via offshore entities) ahead of Beijing’s decision to allow mainland residents buy Hong Kong stocks directly. It appears the Chinese have learned a lot from the West.

1 thought on “Crony Capitalism Comes To China – Ex Central Bank Chief’s Son-In-Law In Insider-Trading Scandal

  1. All he needs to do is take his stolen money and move to the US. The US is an oasis for crooks and money grubbers. He will be perfectly safe. The millions of people who get burned……tough luck. Just look at the US after 2008…..none of the criminals have ever been charged, let alone stood trial.
    Ken Lay stood trial, but conveniently died before sentencing, allowing his family to keep all the money he stole while running Enron. I am certain he is not dead and that he has moved to another country and his family has joined with him by now. Plastic surgery can do amazing things……..and a hair transplant can really change his appearance.
    I am so sick of the endless corruption.

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