VIDEO IN CHINESE, WITH ENGLISH SUBTITLES
采访/常春 编辑/李莲 后制/萧宇
No.1 Financial Corruption Scandal:
Thousands of Billions linked to Jiang’s Family
The CCP Central Discipline Commission is currently
investigating a financial corruption case.
It involves as much as 1.2 Trillion Chinese Yuan.
This case is closely related to Jiang Zemin, Jiang Mianheng,
and Jiang Zemin’ nephew, Wu Zhiming.
It’s said that this case has been concealed for five years
and it’s a large scandal in China’s finance history.
Some overseas scholars think that even if it’s an investigation
on economic corruption, it’s also somewhat a settlement on Jiang’s faction; the blood debt faction.
Jiang’s wealth of billions has been
accumulated through his privileged status.
An “New Epoch Weekly” magazine cover story reports that
the CCP Central Discipline Commission is now investigating
a big financial corruption case.
This case has been concealed for five years.
It is closely related to Jiang Zemin, Jiang Mianheng,
and Jiang’s nephew, Wu Zhiming.
This case involves as much as 1.2 Trillion Chinese Yuan.
As early as in 2007, the CCP United Front Work Department
disclosed a big scandal in China’s stock market to the public.
The Call (put) Warrants in Shanghai Stock Exchange case.
Derivative Call (Put) Warrants are public trading warrants
in the Shanghai A-Share Exchange Market.
In 2005, Shanghai Exchange Market and its current
Vice President Liu Xiaodong strongly promoted derivative (call and put) warrants.
This allowed the use of speculations to reach stock
market hot points.
As reported, Liu Xiaodong is a good friend
of Jiang Mianheng, when he was in U.S.
Liu’s wife is Wu Zhiming’s lover.
Liu Xiaodong worked as Jiang’s family’s agent dedicated
to making money for the family.
The investigation on this case by the Central Discipline
Commission has been interpreted as a spreading of the “Wang Lijun Event.”
Wang’s case has spread to Bo Xilai, Zhou Yongkang,
and now has driven straight on to Jiang Zemin.
Xie Tian, Professor of Aiken School of Business,
University of South Carolina, commented: “I think the news is very reliable.
Those ‘in debt of blood’ have committed so many crimes
by cracking down on people.
They harvest organs from living Falun Gong practitioners,
suppress democracy and repress human rights activists.
All of these blood debts have to be paid off eventually.
The blood debts might be paid off through fights
between different CCP factions, or through the investigation on the corruptions they’ve committed.”
In the report, it says that the way Jiang’s family has seized
money is not only limited to operating behind the scenes.
They don’t mind doing it by themselves in public.
In May 2001, at the “Fortune Forum” held in Hong Kong,
Jiang Zemin, China’s Chairman at the time, introduced his son to multinational businessmen.
Jiang Mianheng became the highest representative
of the integration of officials to businessmen.
On the following day after China became a successful
bidder for the Olympic Games,
Jiang Mianheng immediately signed big orders with
these foreign tycoons.
Dr. Jie Sen, Economics commentator: ”The focus here is
whether or not the way Jiang’s families has accumulated their wealth is legal.
Most wealthy people in China have some relationship
with CCP senior officials.
They might rely on the power-money trading
relationship all the time.
They might have saved their first pot of gold through
and then taken some business opportunities ahead of others,
e.g., in the field of real estate.
All of this, no matter if it’s through the first pot of gold
or unfair competition afterward, they are abusing the power that people entitle them.”
Some analysts think Jiang Zemin accelerated
the repression of people in order to keep his power of “making muffled fortune”.
Specialists from the CCP State Planning disclosed
information about the “maintain stability expense.”
The CCP used this to persecute Falun Gong practitioners
and other ordinary people, and has already exceeded China’s defenses and military expenditure.
The “maintain stability expense” has even been
as much as three-quarters of China’s gross national product.
Xie Tian: “This number is very astonishing.
In a normal case, the financial income of one government
is only one quarter of its total gross national product.
The “610” has spread over all systems of Public Security,
Prosecution, Courts and all other social departments.
They’ve also held a huge number of brainwashing centers
all over the country, installed cameras everywhere,
and constructed huge labor camps and concentration camps.
In reality, it is the persecution that has worn down
China’s economic growth.”
In the end, Xie Tian pointed out that the persecution
originating from Jiang Zemin will soon ruin the CCP’s future.
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