CHINA-US: CHINESE BUSINESSES GUILTY OF BRIBING US CONGRESSMAN IN US REAL ESTATE DEALS
|
An investigation of corruption allegations against suspended Los Angeles Councilman Jose Huizar, brought to light a multimillion-dollar bribery scheme involving several Chinese developers seeking the politician’s backing for lucrative property deals in Los Angeles. Jose Huizar was charged with accepting at least $1.5 million in illicit financial benefits in what local media called the worst City Hall corruption scandal in almost a century. A Caixin investigation found that two Shenzhen-based private companies — Shenzhen New World Group Co. Ltd. and Shenzhen Hazens Real Estate Group Co. Ltd. — were the main Chinese companies targeted by U.S. investigators for alleged bribery. Shenzhen New World was founded and controlled by businessman Huang Wei. Shenzhen Hazens is owned by businessman Yuan Fuer.
|