Jack Ass Ma had always been on a ticking time bomb from CCP to put his ass in fucking prison for many reasons.
He is not a banker and has no banking license but his gray area Ali-Pay is now bigger than banks and hurting the state bank's business, he is not pay sufficient tax honestly also. There is sufficient charges CCP can lock him up for life, that is why he is resigning as corporate board chairman, and retire.
Recently actress Fan Bing Bing is in deep shit for tax frauds. the whole thing will lead to Jack Ass Ma who is close to Fan Bing Bing, surely being involved in tax frauds and money laundering.
Xijinping very Tu-Lan Jack Ass Ma, because when Xi sanctioned Dotard and refused to meet for summit, Dotard used Jack Ass Ma as a Substitute Chinese Icon figure to meet and handshake and dialoged with Jack Ass Ma on the high profile exposure political gestures. Same for Japs Abe Shinzo and ABNN Modi & etct Chow Ang Moh rivals sanctioned by Xi. So Xi very Tu lan because his meetings & Dialogues with Rival Governments let foreign media portrayed and used Jack Ass Ma almost like a SHADOW PRESIDENT OF CHINA. For this he must go inside 秦城监狱 cell to sit for few years alone, apart from other charges.
He moved his money to LHL for stash and evasion safe keeping as usual because Chow PAP famiLEE is famous for these dirty fund parking and laundry services used by any bastards from historic Suharto Marcos etc etc until today's Najib Jho Low Taksin etc.