[Epoch Times October 4, 2021](Epoch Times reporter Wang Xiang compiled a report) Bloomberg reported on Monday (October 4) that the only Chinese Communist Party politician disclosed in the newly released leaked document “Pandora Document” was Shanghai Chess. Feng Qiya, chairman of Sen Investment Holdings.
According to public information, Feng Qiya, born in 1974, became the Henan Provincial Representative of the 13th National People’s Congress in 2018, and was a Henan Provincial Representative from 2013 to 2017.
The “Pandora Document” shows that Feng Qiya established an offshore company called Linkhigh Trading Ltd in the British Virgin Islands in 2016 with the purpose of investing in US stocks.
Linkhigh Trading’s assets are worth approximately US$2 million and are registered with the US Securities Regulatory Commission (SEC), but SEC records show that the company’s trading activities are inactive. The International Federation of Investigative Journalists (ICIJ) in Washington has sought a response many times but did not receive a response from Feng Qiya.
According to ICIJ, Feng proposed at the National People’s Congress in 2019 to “enact stricter laws to prevent corruption and white-collar crimes involving private companies.”
Recently, 14 legal and financial companies have released nearly 12 million leaked documents, involving offshore asset operation data of more than 130 billionaires, political and business dignitaries, and many multinational companies in more than 200 countries and regions. These documents include private e-mails, secret electronic forms, secret contracts and other disclosures of financial plans and records of behind-the-scenes holders.
These documents revealed the overseas assets of 35 current and former national leaders, including Russian President Vladimir Putin, former British Prime Minister Tony Blair, Czech Prime Minister Andrej Babiš and Jordanian King Abd Dura.
The documents show that national leaders on the five continents tend to hide assets in other countries, and the number of offshore account holders revealed in the investigation is more than twice the number revealed in the 2016 Panama Papers.
The “Panama Document” refers to an investigation conducted by investigative reporters on the hidden financial assets of offshore entities around the world five years ago. It revealed how some of the most powerful people in the world, including more than 330 politicians from 90 countries, used secrets. Offshore companies come to hide their wealth.
The “Panama Document” disclosed at least eight offshore companies held by the families of the Politburo Standing Committee members who were incumbent or were in office at the time.
Lakshmi Kumar of Global Financial Integrity, a US think tank, explained that these people “carry out money transfer, transfer and concealment activities” and often use anonymous companies.
Setting up a shell company in a highly secrecy area or offshore country is one of the most convenient ways to hide wealth.
Editor in charge: Lin Yan#
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