The Panama Papers are a leaked set of 11.5 million confidential documents that provide detailed information about more than 214,000 offshore companies listed by the Panamanian corporate service provider Mossack Fonseca, including the identities of shareholders and directors of the companies. The documents show how wealthy individuals, including public officials, hide their money from public scrutiny. Art Net News reveals that a number of people involved in the art world are implicated. Among them is Chinese 'auction house king' Chen Dongsheng. Chen, son in law of former Communist leader Mao Tse Tung, is a business icon and founder of China Guardian, currently the world's fourth-largest art auction house. Chen founded not just China Guardian, but also China's fourth-largest insurance company, He occupies the 242nd place on the list of China's wealthiest families and individuals, with a fortune of five billion yuan ($815 million). This has incensed some readers. In a widely circulated comment, one Chinese official denounced Kong Dongmei: "The offspring of Chairman Mao, who led us to eradicate private ownership, married a capitalist and violated the family planning policy to give birth to three illegal children."
The usual "don't do as I do, do as I say" of the typical Communist.
No comments:
Post a Comment