Regime Power Broker Ships Money Out of China

With the help of a Taiwanese businessman, Zeng and his family have set up enterprises that have allowed them to move huge sums offshore.
Regime Power Broker Ships Money Out of China
A China Eastern Airlines jet flies over a temple before landing in Taipei on June 29, 2010. Zeng Qinghong laundered money through the airlines to Taiwan in 2002. (Patrick Lin/AFP/Getty Images)
5/29/2012
Updated:
10/1/2015
<a><img class="size-large wp-image-1786897" title="102510911" src="https://www.theepochtimes.com/assets/uploads/2015/09/102510911.jpg" alt="A China Eastern Airlines jet" width="590" height="442"/></a>
A China Eastern Airlines jet

Meanwhile, some old officials and members of the Politburo who supported Party head Hu Jintao persistently requested that Zeng Qinghong explain clearly why his son had emigrated to Australia.

Each summer the Party’s top officials get together at the beach resort Beidaihe. At the 2007 meeting, a retired official criticized how the Vice President’s son had secretly emigrated to another country and then been publicized by foreign media.

“This is too shameful, too indecent, too outrageous,” the old official said.

Facing accusations by many people, Zeng Qinghong became furious and yelled in a meeting that he didn’t know about the immigration and couldn’t control his son.

Hu Jintao, because Zeng had “betrayed the country for money,” used an article in People’s Daily to give him a warning. Zeng Qinghong understood Hu’s warning and was forced to retire.

When Zeng stepped down, he put the best face on his disgrace, claiming he had sacrificed himself in order to help Xi Jinping, who joined the Standing Committee and then was named Hu Jintao’s successor.

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