Dai Yongge in trouble with Chinese government

[TiagoIlori]

“According to the report, the National People's Congress such as Dai Yongge, Jiang Mei and others engaged in illegal fund-raising and money laundering activities, plundering and transferring more than 100 billion illicit funds. (Composite picture)
According to the report, the National People's Congress such as Dai Yongge, Jiang Mei and others engaged in illegal fund-raising and money laundering activities, plundering and transferring more than 100 billion illicit funds. (Composite picture)
The Dai Yongge mentioned in the live broadcast by Guo Wengui was the owner of Harbin Renhe Real Estate who started his career as a nightclub. In fact, he was the "white gloves" of the Zeng Qinghong family.

Overseas Chinese media previously disclosed that in the early years, Zeng Qinghong’s daughter-in-law Jiang Mei and Dai Yongge cooperated to "get huge rebates from the subway project"; the two also opened underground banks under the guise of "acceptance bill business" for senior officials and mainland tycoons. Transfer assets overseas and launder hundreds of billions of money.

According to reports, in the 1990s, Dai Yongge used his relationship with Shao Bing, the son of Shao Qihui, governor of Heilongjiang, to set up an "imperial nightclub" and made big money in Harbin's pornography, gambling, and drug business. Dai Yongge, who had many murders, went to Beijing, Guangdong, Hunan, Guizhou, Shanghai, Australia, the United Kingdom and other places after "some capital accumulation."

Later, Dai Yongge met Zeng Qinghong’s son Zeng Wei through the popular CCTV host Jing Yidan while in Beijing. Dai then purchased and renovated Zeng Wei into a luxury villa in Australia, and also transferred 40% of Renhe Group's shares to Zeng Wei's wife Jiang Mei for free.

And the huge returns it received were "metro projects in more than a dozen cities in China including Guangzhou, Shenzhen, Changsha, Guizhou, Hangzhou, Shanghai, and Harbin." Jiang Mei used the identity of a shareholder to pave the way for Dai Yongge's skillful grabbing and collecting money. Only by contracting and transferring subway projects across the country, the rebates will make a lot of money.

The report quoted Dai Yongge's sister Dai Yongli as saying, "My brother made more than 30 billion euros in domestic subway projects through Jiang Mei and Zeng Wei."

According to the report, in 2010, Dai Yongge turned to Macau casinos as a huge money laundering machine to help the CCP's powerful and powerful laundering money. To this end, Dai Yongge discussed with Jiang Mei to set up an underground bank in China to specialize in the transfer of assets of high-ranking officials and wealthy mainlanders overseas. According to reports, if a person deposits 10 billion, the Dai family will receive at least 100 million, of which 40 million will be credited to Jiang Mei.

Because Dai Yongge, Jiang Mei and others used a large number of government officials to get rich, eager and ignorant, they carried out illegal fund-raising and money laundering activities in Shenzhen, Zhuhai, Dalian, Beijing, Shanghai, and Changsha, looting and transferring more than 100 billion illicit funds.“

Source: https://hk.epochtimes.com/news/2020-07- ... hFe4MXhg9o

[Simon's Church]

I'd be hugely surprised if our billionaire owner who failed the PL's fit and proper persons test was involved in any shady business dealings

[Maneki Neko]

its fine, its not as though hes basically bankrupted us whilst using us a a money laundering front
what could possibly go wrong. its not like hes likely to just pull out at any given time leaving us completely oxf*rd

[Snowflake Royal]

We all know the only billionaires investing in football are from dodgy Arab states, China and Russia etc looking to launder their criminal proceeds right?

You've just got to hope they don't get caught whilst they're holding you.

At least this lot are genuinely ploughing their ill gotten gains through stuff that is long term investment.

If they're assets are frozen and claimed we are well and truly fuxxored.

[Jagermesiter1871]

We all know the only billionaires investing in football are from dodgy Arab states, China and Russia etc looking to launder their criminal proceeds right?

You've just got to hope they don't get caught whilst they're holding you.

At least this lot are genuinely ploughing their ill gotten gains through stuff that is long term investment.

If they're assets are frozen and claimed we are well and truly fuxxored.

Which seems fairly likely at some point. So basically we're oxf*rd.

[Stranded]

Everyone will get screwed eventually. Enjoy the ride.

If this is actually true of course

[Nameless]

We’re no worse off than if SJM had succumbed to a heart attack at any point after he took us on.
Most clubs are now totally dependent on a rich owner, it’s how the game has gone.
The report thoughseems to simply be a historical run through of where he got his money. I don’t actually see anything that says he’s in trouble (although one or two of the things mentioned sound a bit iffy)

[Live Fast Dai Yongge]

I for one see no wrong doing in Dai Yongge's actions. He is a great owner.

[SCIAG]

We’re no worse off than if SJM had succumbed to a heart attack at any point after he took us on.
Most clubs are now totally dependent on a rich owner, it’s how the game has gone.
The report thoughseems to simply be a historical run through of where he got his money. I don’t actually see anything that says he’s in trouble (although one or two of the things mentioned sound a bit iffy)

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece (edit: wrong). It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

[CavershamRoyal]

We’re no worse off than if SJM had succumbed to a heart attack at any point after he took us on.
Most clubs are now totally dependent on a rich owner, it’s how the game has gone.
The report thoughseems to simply be a historical run through of where he got his money. I don’t actually see anything that says he’s in trouble (although one or two of the things mentioned sound a bit iffy)

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece. It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

Epoch Times is famously anti-CCP, no?

[TiagoIlori]

We’re no worse off than if SJM had succumbed to a heart attack at any point after he took us on.
Most clubs are now totally dependent on a rich owner, it’s how the game has gone.
The report thoughseems to simply be a historical run through of where he got his money. I don’t actually see anything that says he’s in trouble (although one or two of the things mentioned sound a bit iffy)

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece. It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

Quick google search suggests otherwise, the Epoch Times have found themselves in trouble with the CCP numerous times and actively promotes far right politicians. This seems to also be based in Hong Kong so it may also be politically motivated considering there is a similar article from 2015(I chose to keep this post up in the interests of letting the moderators determining whether this article adds anything to discussion).

[karbota]

We’re no worse off than if SJM had succumbed to a heart attack at any point after he took us on.
Most clubs are now totally dependent on a rich owner, it’s how the game has gone.
The report thoughseems to simply be a historical run through of where he got his money. I don’t actually see anything that says he’s in trouble (although one or two of the things mentioned sound a bit iffy)

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece. It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

Off course SJm was not a foreign owner, and would not have just pull the plug if things got a bit iffy, he has too many other local commitments, and being British and British based would not have risked his good name.

Really I think it is time to phase out Johnny foreigner at all levels of the game.

[SCIAG]

We’re no worse off than if SJM had succumbed to a heart attack at any point after he took us on.
Most clubs are now totally dependent on a rich owner, it’s how the game has gone.
The report thoughseems to simply be a historical run through of where he got his money. I don’t actually see anything that says he’s in trouble (although one or two of the things mentioned sound a bit iffy)

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece. It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

Epoch Times is famously anti-CCP, no?

You’re right, I was wrong, they’re a Falun Gong puppet that is banned in mainland China. So this is maybe not such a reliable story.

Boris Zingarevich was allegedly a mobster and one of the Thais used slaves in his fishing business, so this might not even be our biggest ownership scandal.

[karbota]

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece. It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

Epoch Times is famously anti-CCP, no?

You’re right, I was wrong, they’re a Falun Gong puppet that is banned in mainland China. So this is maybe not such a reliable story.

Boris Zingarevich was allegedly a mobster and one of the Thais used slaves in his fishing business, so this might not even be our biggest ownership scandal.

Exactly, see my post above. time to give Johnny Foreigner the boot.

[RoyalBlue]

We’re no worse off than if SJM had succumbed to a heart attack at any point after he took us on.
Most clubs are now totally dependent on a rich owner, it’s how the game has gone.
The report thoughseems to simply be a historical run through of where he got his money. I don’t actually see anything that says he’s in trouble (although one or two of the things mentioned sound a bit iffy)

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece. It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

Off course SJm was not a foreign owner, and would not have just pull the plug if things got a bit iffy, he has too many other local commitments, and being British and British based would not have risked his good name.

Really I think it is time to phase out Johnny foreigner at all levels of the game.

I seem to remember that Roger Smee had to walk away from his involvement with the club pretty quickly when his other businesses started to struggle.

As for the Johnny foreigner remark, are you Dellor in disguise? He strikes me as someone who has quite a few issues with non Brits involved in the game/club.

That having been said, perhaps the game's finances wouldn't have got so out of control had Murdoch's (at the time) organisation ploughed so much money into it. And, of course, the parent company of Sky is still foreign so the proposal is to phase out their involvement too?

[tmesis]

We all know the only billionaires investing in football are from dodgy Arab states, China and Russia etc looking to launder their criminal proceeds right?

You've just got to hope they don't get caught whilst they're holding you.

At least this lot are genuinely ploughing their ill gotten gains through stuff that is long term investment.

If they're assets are frozen and claimed we are well and truly fuxxored.

Can governments freeze/claim assets in another country?

I'm not actual sure how you'd use the football club to launder money though. There must be some ways, but given the sums being mentioned in that report, it would barely be worth it.

[Nameless]

Epoch Times is famously anti-CCP, no?

You’re right, I was wrong, they’re a Falun Gong puppet that is banned in mainland China. So this is maybe not such a reliable story.

Boris Zingarevich was allegedly a mobster and one of the Thais used slaves in his fishing business, so this might not even be our biggest ownership scandal.

Exactly, see my post above. time to give Johnny Foreigner the boot.

Never been the same since all those Scots came and turned the Northern game professional

[Nameless]

We all know the only billionaires investing in football are from dodgy Arab states, China and Russia etc looking to launder their criminal proceeds right?

You've just got to hope they don't get caught whilst they're holding you.

At least this lot are genuinely ploughing their ill gotten gains through stuff that is long term investment.

If they're assets are frozen and claimed we are well and truly fuxxored.

Can governments freeze/claim assets in another country?

I'm not actual sure how you'd use the football club to launder money though. There must be some ways, but given the sums being mentioned in that report, it would barely be worth it.

I think the reason people withdodgy money move it to other countries is because their own country would find it difficult to get hold of.
In terms if hiding dodgy money the UK is a world class place to do it.

[SouthDownsRoyal]

We’re no worse off than if SJM had succumbed to a heart attack at any point after he took us on.
Most clubs are now totally dependent on a rich owner, it’s how the game has gone.
The report thoughseems to simply be a historical run through of where he got his money. I don’t actually see anything that says he’s in trouble (although one or two of the things mentioned sound a bit iffy)

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece. It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

Off course SJm was not a foreign owner, and would not have just pull the plug if things got a bit iffy, he has too many other local commitments, and being British and British based would not have risked his good name.

Really I think it is time to phase out Johnny foreigner at all levels of the game.

Certainly foreign ownership of English clubs is very questionable, fair enough if you buy a top premier league club but other than that why would you want to buy an English football club? Especially as you’ll end up putting in quite a lot of money and not getting it back, hardly every going to make a profit

[Nameless]

Mostly agreed. However, I think the automatically translated article is suggesting that there is a CCP report accusing him of money laundering and some similar crimes. Epoch Times is a CCP mouthpiece. It doesn’t really matter if you actually did anything wrong, if you cross the wrong official then you’re in trouble.

Off course SJm was not a foreign owner, and would not have just pull the plug if things got a bit iffy, he has too many other local commitments, and being British and British based would not have risked his good name.

Really I think it is time to phase out Johnny foreigner at all levels of the game.

Certainly foreign ownership of English clubs is very questionable, fair enough if you buy a top premier league club but other than that why would you want to buy an English football club? Especially as you’ll end up putting in quite a lot of money and not getting it back, hardly every going to make a profit

Why is that anymore questionable than having a local spiv ruining your club ?
Hardly anyone buys a FL to make a profit, but English football is a global brand and for a billionaire with more yachts and palaces than they know what to do with it’s just another status symbol.