• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Suchou park collapsing soon?

virus

Alfrescian
Loyal
Bai Guizhi, ex-head of Suzhou Industrial Park, probed for graft

The case of Bai Guizhi, who led a development zone with assets of 20 billion yuan, may be related to inquiry into top ex-Nanjing official

The former president of a China-Singapore venture which held assets of 20 billion yuan (HK$25 billion) was under investigation for suspected corruption, the authorities said yesterday.

Bai Guizhi, who until a few days ago headed the China-Singapore Suzhou Industrial Park Development Group (CSSD) and is deputy secretary of its party committee, "seriously violated discipline" - usually a euphemism for graft - according to the Jiangsu provincial discipline inspection authority.

Bai was promoted "not long ago" to chief of the CSSD, which is mainly involved in property development projects, urban infrastructure contracts and overseas investment.

There were other investigations targeting former members of the group's party committee, an anonymous source told the South China Morning Post.

A CSSD official said Bai was implicated in the investigation of Feng Yajun , formerly a member of the standing committee of the Nanjing party committee, according to the 21st Century Business Herald. Nanjing is the capital of Jiangsu.

"They have a common briber," the unnamed official was quoted as saying.

The group issued a circular announcing Bai's dismissal several days ago, the report said.

Feng was hauled away by discipline officials last week.

The CSSD is in the process of acquiring a stock exchange listing. The company's revenue exceeded 5 billion yuan, with a net profit of 630 million yuan, in 2012.

Bai has worked with real estate firms and hotels in Suzhou, and elsewhere in Jiangsu. He has a master's degree in engineering management from Zhengzhou University.

The group was originally part of the China-Singapore Suzhou Industrial Park project, which was launched in 1994.

CSSD operates more than 40 subsidiaries and employs nearly 3,000 people. Besides the 80 sq km Suzhou industrial park, the group has invested in five other industrial parks in Jiangsu.

The last known account mentioning Bai as the group's president was at the end of July, when People.com.cn the website of the official People's Daily newspaper, reported on his visit to Anhui province to discuss a park cooperation deal with Chuzhou city's party chief.

Six members of the present Politburo Standing Committee, including President Xi Jinping and Premier Li Keqiang , have visited the Suzhou industrial park, according to the group's website.

Over the past few days, a string of officials have been taken away for investigation in Jiangsu, an economic powerhouse on the eastern seaboard, including Lianyungang party chief Li Qiang on Wednesday.

Lou Xuequan , former party boss of Liuhe district in Nanjing, hanged himself at home this week after being dismissed from the party amid a corruption investigation.
 

mojito

Alfrescian
Loyal
This would never have happened if the Communist Party paid top dollars for this extraordinary and talented individual.
 

Froggy

Alfrescian (InfP) + Mod
Moderator
Generous Asset
Singapore can prosper along with Chinese cities, says PM Lee
Published on Sep 19, 2014 8:32 AM
By Rachel Chang In Hong Kong





HUAT AH!

 

Rogue Trader

Alfrescian (Inf)
Asset
All officials are corrupt in China.

There are more news now because of a big internal clean up in the CCCP lead by Xi jinping. He is whacking the Jiang Zheming faction which includes Bo xilai, Zhou yong kang and all the cronies... including Guo Meimei.
 

Papsmearer

Alfrescian (InfP) - Comp
Generous Asset
How much of SIngapore tax payer money did this guy steal? The WP should be asking the PAP for a breakdown on this investment in the Suzhou industrial park. Why is the PAP mum on this arrest? For sure, the PAP know who this guy is since he is running the park in which they are major investors. Did they approve his appointment? Why was no background done on this guy? Again, in addition to the original losses from this investment, the PAP does not seem to have learned its lesson and continue to have a lack of due diligence and oversight over the monies entrusted to it from citizens CPF and other tax payers funds.

Since Gay Loong is so enamored with emulating China, perhaps we should emulate the firing squad method for economic crimes. At the next election when they lose it, they can all be executed for economic crimes. Starting with whore jinx.
 

mojito

Alfrescian
Loyal
How much of SIngapore tax payer money did this guy steal? The WP should be asking the PAP for a breakdown on this investment in the Suzhou industrial park. Why is the PAP mum on this arrest? For sure, the PAP know who this guy is since he is running the park in which they are major investors. Did they approve his appointment? Why was no background done on this guy? Again, in addition to the original losses from this investment, the PAP does not seem to have learned its lesson and continue to have a lack of due diligence and oversight over the monies entrusted to it from citizens CPF and other tax payers funds.

Since Gay Loong is so enamored with emulating China, perhaps we should emulate the firing squad method for economic crimes. At the next election when they lose it, they can all be executed for economic crimes. Starting with whore jinx.

But he made money for the industrial park! What is wrong with nicking a few dimes off the table for his hard work? Had the PAP been in charge, this would not have happened.
 

halsey02

Alfrescian (Inf)
Asset
But he made money for the industrial park! What is wrong with nicking a few dimes off the table for his hard work? Had the PAP been in charge, this would not have happened.

Wasn't there a Chinese saying that, " If you guard the well, you, take a sip of water from it, once in a while"?? But, the "white rats" have developed a sophisticated 'drinking' system, they build a false bottom, when looking down, the well is always filled...but the 'water' at the bottom, is piped away.... psst!....starts with C...ends with F....that is what the 60% got.."F"!!:biggrin:
 

kaipoh

Alfrescian
Loyal
Sinkapore not communist country paid top dollar to PM, MPs is alight, paid peanut get monkey KLY dogma.

This would never have happened if the Communist Party paid top dollars for this extraordinary and talented individual.
 

Rogue Trader

Alfrescian (Inf)
Asset
Now you know why CPF today is a form of Taxation to live and work in Sinkieland.

Besides the industrial park, the other legacy Singapore Inc left behind in Suzhou is a pension scheme modelled very closely after our CPF.

The Suzhou CPF is unique in China where any resident can't withdraw his/her upon relocation to another city. Sounds familiar?
 
Top