(Beijing Comprehensive News) 60 properties under the name of Guo Wengui, a wealthy Chinese businessman who fled to the United States, will be auctioned this Friday (31st), with a total market value of more than 7.5 billion yuan (RMB, the same below, 1.5 billion Singapore dollars), of whichThe most expensive unit is worth about 120 million yuan.
Based on reports from Ming Pao and Hong Kong 01, the units to be auctioned are invested and developed by Guo Wengui's Beijing Pangu Investment Co., Ltd., including 41 luxury houses with an area of 7,000 square feet and 19 office units with an area of more than 30,000 square feet.These units are located in Pangu Daguan on the Middle Road of the Fourth Ring Road in Beijing, across the road from the Olympic venues Water Cube and Bird's Nest.
Auction proceeds are used to pay off debt
The Beijing No. 3 Intermediate People's Court issued an announcement last December that Pangu Investment Co., Ltd. had seized 41 properties in the Pangu Seven Star Mansion because it failed to fulfill the obligations specified in the legal documents.
Ming Pao quoted people familiar with the matter as saying that Guo Wengui had many debts involving officials, involving tens of billions of dollars. The auction units this time were all within the scope of enforcement of civil litigation judgments, and the auction proceeds were used to repay the debts owed by Guo Wengui.
On the other hand, the details of Guo Wengui and his children Guo Qiang, Guo Mei and others being investigated by Hong Kong were also exposed for the first time in the middle of this month.According to court documents, the police suspected that they were involved in money laundering of 32.9 billion Hong Kong dollars and frozen Guo Mei's business account.
On August 14, Anton Development Co., Ltd., owned by Guo Mei, applied for judicial review in the Hong Kong High Court, saying that the company's account had been frozen for too long, causing financial difficulties, and believed that the police's actions violated the provisions of the Basic Law on private property rights.
On the 20th of this month, Beijing Zhengquan Holdings Co., Ltd., which is controlled by Guo Wengui, and a series of executives' forced transactions and misappropriation of funds were opened in Dalian Intermediate Court, Liaoning Province.
Guo Wengui fled China in 2014. Since the beginning of 2017, he has made unverifiable revelations to Chinese high-level officials through various media channels. He has continued to show up to reveal the news recently, but the attention has not been as good as before.
