Two cases of economic crimes related to Beijing Pangu Investment Co, whose actual controller Guo Wengui fled to the United States in 2014, went to trial in Dalian, Northeast China’s Liaoning province, on June 16 and 17.
Guo, who rose from obscurity in the countryside of Liaocheng in East China’s Shandong province, is wanted for allegedly accumulating huge amounts of wealth over the past two decades through land speculation, insider trading and swindling bank loans. To succeed in such activities, he allegedly established an alliance of interests with corrupt senior officials who he bribed with money and women.
Although Guo’s repatriation to face justice is only a matter of time, he has not stopped defaming China on the internet. His fabricating and spreading of false stories have reached such a paranoid level that even some anti-China media outlets disdain from referring to them.
A Chinese businessman has sued Guo for libel over his remarks on social media in the US. The businessman has said Guo is not his foe, but a sick man who cannot be treated by any medicine but the law.
Abandoned by even the media that were out to demonize China, Guo can prove his sense of being only by posting fabricated stories and video clips on the internet.
He is obviously driven by fear, as he realizes that he has committed grave crimes. His immediate fear is of losing public attention, because that would mean his loss of existence. As a result, he has become a wholesaler of lies — using the latest one to cover the previous one. He does not care if all his lies don’t form a full picture or are totally devoid of logic.
He intends to use the “innumerable inside stories” of Chinese politics to create suspense and project himself as a “brave whistleblower” before the 19th National Congress of the Communist Party of China this fall.
He also knows that once his lies are exposed he would become not only worthless but also a troublemaker for the US — and his fate will be doomed.
Guo has been associated with a number of fallen officials, including Ma Jian, former vice-minister of the Ministry of State Security; Zhang Yue, former chief of politics and law of North China’s Hebei province; and Xiang Junbo, former chairman of China Insurance Regulatory Commission.
Guo’s claim that he directs China’s anticorruption campaign from afar is ridiculous, to say the least. He is part of the corruption, not a fighter against corruption. Guo’s business empire was actually built with the help of corrupt officials, who traded power for money and illegally appropriated State and private assets.
Guo’s anxiety is palpable, as he reportedly employs big groups of advisors and lawyers, as well as more than 30 bodyguards. He spends his illegally acquired wealth to protect himself.
The judicial authorities in China have said three more cases related to Guo will go to trial soon. The best option Guo has is to confess his crimes. But he doesn’t have the courage to do so.
Source: china news
Unscrupulous businessman spreading lies