Posted on 01/10/2016 12:11:51 AM PST by SunkenCiv
Zhou Chengjian is a rags to riches story as he used his skills as a tailor to launch the clothing line, Metersbonwe, which was one of China's first nationwide brands. His net worth of $2.4 billion today makes him one of the richest people in China. The Spread It reports that Zhou has been missing since Wednesday.
In the wake of China's stock market crash, 36 companies have reported their executives as missing back in 2015 from January to September. The CEO of the telecom giant China Telecom resigned at the end of 2015 and now he is among the many executives missing.
The mysterious disappearances of these executives come with bizarre stories of just how they went missing like the CEO of China Aircraft Leasing Group, Poon Ho Man. Back in June he went on a holiday and while on this vacation he resigned in a letter and has not been seen since.
In Zhou's case, his company Metersbonwe suspended its shares on the Shenzhen Stock Exchange in the wake of his disappearance. The company reported Zhou missing and is now investigating reports that he had been picked up by police, despite reports that no one has seen this man.
(Excerpt) Read more at examiner.com ...
I find it ironic that this is being posted by FR’s resident specialist in lost civilizations.
Likely the fate of these executives will be finally discovered by a far future descendant - SunkenCiv Corrino, Royal Archaeologist to the Padishah Emperor of the Known Universe.
Look in Galt’s Gulch...
Who is John Gaurt?
At some point last year....some Chinese CEO of a shoe-company that had major sales in Germany came up missing. The odd thing was that the company had taken a huge bankloan and the CEO had control of the loan money when he disappeared.
I think the bulk of these guys have simply added up the stress and government entanglements.....and just bought a yacht to sail away. There are hundreds of places in the Pacific where you could park a yacht for years and no one from the country would ask questions.
If their stock and real-estate market continue to tank, expect more disappearance.
Two words...Communist Party or Hilary Clinton.
For years, it has been a common practice among wealthy Chinese to send large chunks of cash abroad and to secure foreign residency rights against the day when business or politics turns against them. For many, those days have now arrived. The US and other English speaking countries are their preferred destinations.
I would welcome them, but I'd be a bit leery that some of them could still be Chinese government agents.
There has been huge and accelerating capital flight out of China. I would guess that more of these guys have bolted, than have been arrested.
Although the communist Chinese Government does just disappear people when they arrest them, the really rich are less likely to be caught by surprise, and more likely to escape.
This has been building over the last few years, and is becoming a stampede. Not just billionaires, but loads of (corrupt) government officials and millionaires have been establishing boltholes overseas - buying houses and businesses, getting family members immigration papers.
Now there is a wave of Chinese people executing their contingency escape plans, before the bottom falls out and the gates are shut.
Probably more like that they can read the government balance sheet and know things are not like the seem.
Then there was the strange disappearance of Sum Ting Wong.
If this was happening in Japan, I probably think they committed suicide, but this is China so I think they were kidnapped by government as punishment for crashing stock price. They’re using them as scapegoats
Not to mention Ho Lee Phuc.
;’) It’s obvious that they fled. Of course, after running around the house, they’d just go right back in the same door, so the puzzle remains.
“China runs their own ‘preemptive detention centers’. Several execs of well-known financial companies also disappeared recently. Playing markets at state’s expense, or any suspicion of it, guarantees long stay at such a place. Stashing money away from China would also qualify.”
My first thought was, Communists always viewed the rich as the problem. Take their wealth and your problem, (caused by them being rich) is solved. Since this is a wide-scale phenomenon it has to be the Chinese government doing it. So, yes, these guys are likely being detained while interrogators gain access to their wealth and -tax- it.
If Bernie Sanders and Hillary Clinton could do that here, they would.
I wonder what the people at Goldman Sachs are thinking about now.
Ultimate “parasites need a host syndrome” used here in America also
I wonder how many of these fellows are in Singapore with different names, or Burma, or Vietnam. They can buy new identities in any part of mainland Southeast Asia.
At what point do the rulers decide that the great experiment with Capitalism (a Dali picture of capitalism, anyway) has failed and the lead blanket is thrown over the country once again.
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