h**********i
发帖数: 183 | 1 (New York) -- A hedge-fund company has filed a lawsuit against controversial
Chinese businessman Guo Wengui in New York, claiming that the elusive real
estate tycoon owes it $88 million due to a “straightforward breach of
contract case.”
Guo, also known as Miles Kwok, fled China in 2014 soon before the Communist
Party’s graft fighters detained his close associate Ma Jian, a former
national security official who remains under investigation for suspected
corruption. Interpol recently issued a “red notice” for Guo.
A "red notice" is a request to locate and provisionally arrest an individual
pending extradition. It is not an international arrest warrant, according
to the Interpol website.
Pacific Alliance Asia Opportunity Fund L.P. (PAX), an investment fund
company, said it has been trying for years to get repayment of a loan
borrowed in 2008 by Spirit Charter, a company that Guo controlled. The $30
million loan has grown to approximately $88 million after nine years as
interest accrued, the hedge fund claims in the lawsuit.
The lawsuit claims that Guo personally guaranteed the debt’s repayment but
has repeatedly shirked his legal responsibility, using various means ranging
from postponing the loan’s maturity dates to ignoring PAX’s notices
regarding the debt. PAX is the main subsidiary of Pacific Alliance
Investment Management.
Caixin has not been able to reach Guo for comment.
The lawsuit, filed on April 18, was brought against Guo before the state
Supreme Court of New York on grounds that he has “engaged in a continuous
and systematic course of ‘doing business’ in New York and is domiciled in
the state,” according to a court document Caixin has seen.
A previous attempt by PAX to secure the debt’s repayment through judiciary
procedures failed, even though it won that court case. Shiny Times Holdings
Ltd., a British Virgin Islands-registered shell firm, which had replaced
Spirit Charter as the borrower, was liquidated in 2016 under court order to
repay the debt it owed. But the firm was insolvent at the time of the
liquidation, and PAX said it was unable to collect any of the money it
claims it is owed.
PAX said in its lawsuit that Guo bought his current residence on the 18th
floor of the Sherry-Netherland Hotel in the city in 2015 for $67.5 million
and that he also maintains offices at 767 Fifth Avenue for a Delaware
company he owns.
The 50-year-old Guo, the controlling shareholder in Beijing Zenith Holdings
and Beijing Pangu Investment, was listed by Hurun wealth report as the 74th
richest Chinese in 2014 with 15.5 billion yuan in personal assets.
A 25-minute video footage surfaced online last week showing Ma saying he
used his position and power to benefit Guo’s business and took over 60
million yuan in bribes paid by Guo. It is not clear when the video was
recorded, in which Ma was wearing a light puffer jacket. Ma’s case was
handed over to prosecutors in February.
Guo also has close ties to Zhang Yue, who was the head of the Political and
Legal Affairs Committee in the northeast province of Hebei when the graft
probe of him began last April. Zhang went on trial last week at the
intermediate court of Changzhou city, Jiangsu Province, for allegedly taking
bribes worth 158 million yuan.
A Caixin report published in March 2015 revealed how Guo, Ma and Zhang
formed a close alliance, using security and legal power to meddle in
business deals. In response to Guo’s subsequent actions attacking Caixin,
Caixin has filed lawsuits against Guo and his companies in Beijing and in
Hong Kong, accusing him of fabricating and disseminating untrue information. |
|
