Leaked Records Reveal Offshore Holdings of China’s Elite

More than a dozen family members of China’s top political and military leaders are making use of offshore companies based in the British Virgin Islands, leaked financial documents reveal.

The brother-in-law of China’s current president, Xi Jinping, as well as the son and son-in-law of former premier Wen Jiabao are among the political relations making use of the offshore havens, financial records show.

Please see “China’s Princelings Storing Riches in Caribbean Offshore Haven.

In related news the International Consortium of Investigative Journalists is reporting, “Leaked Records Reveal Offshore Holdings of China’s Elite,” with files shedding light on nearly 22,000 tax haven clients from Hong Kong and mainland China.

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