Chinese leaders' kin stash riches in offshore holdings: Probe
Published on Jan 22, 2014 11:39 AM
HONG KONG (AFP) - Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth, according to a mammoth investigation released on Wednesday.
The International Consortium of Investigative Journalists (ICIJ), citing information culled from 2.5 million leaked documents, said that Mr Xi's brother-in-law and Mr Wen's son and son-in-law were among those with offshore holdings.
It is the latest revelation to shine a light on the hidden wealth of family members of China's top officials, a topic considered off-limits by Communist Party leaders.
Offshore entities can be legal and there was no evidence that the politicians were aware of their relatives' actions.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!