Interesting read
Hong Kong (CNN)On October 6, news of a $50 million dollar investment to build a port in the Laotian town of Ban Mom led the business section of the Vientiane Times, a prominent state-run newspaper. In the second paragraph, readers were told that a man named Zhao Wei participated in a groundbreaking ceremony for the project.
What they weren't told is this: According to the United States, Zhao is one of the world's most notorious narcotics traffickers.
The US Treasury Department accuses Zhao of running a global criminal organization involved in child prostitution, the illicit trade of wildlife including tigers, rhinos and elephants, and drug trafficking -- all from his private corner of Laos.
Zhao's company, the Hong Kong-based Kings Romans, manages a 100-square-kilometer (39-square-mile) swathe of land in the country's northwest, called the Golden Triangle Special Economic Zone (GTSEZ). Zhao is the chairman of the GTSEZ, which was named after the historically lawless border region where Laos, Myanmar and Thailand meet. For years, the Golden Triangle was the world's largest source of heroin. Now it pumps out an estimated tens of billions of dollars worth of synthetic drugs annually, according to the United Nations Office on Drugs and Crime (UNODC).
Hong Kong corporate records show Zhao is the majority shareholder of Kings Romans. Both Zhao and Kings Romans were sanctioned by the US government in 2018 for their purported role in the narcotics trade and other alleged crimes -- meaning he was barred from using the US financial system, and any funds he holds in US banks likely would have been frozen as well.
Zhao denies the allegations and says he is a legitimate investor. In interviews, he has said his goal is to turn the GTSEZ into a major tourist destination and bring jobs to one of the world's poorest places........
https://edition.cnn.com/2020/12/07/asia ... index.html
alleged Chinese drug kingpin, casino, an sez and new laos port
- Bong Burgundy
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alleged Chinese drug kingpin, casino, an sez and new laos port
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Bringing the news. You stay classy, nas, Cambodia.
CIA was (is?) the biggest distributor of narcotics.
pew, pew, pew, pew!
- Bong Burgundy
- A Moment of Clarity
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- Joined: Sun Oct 29, 2017 12:20 pm
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Also:
CORRUPTION IN SOUTHEAST ASIA: BROKEN TOOTH
Wan Kuok Koi, also commonly known as “Broken Tooth,” is a member of the Communist Party of China’s (CCP) Chinese People’s Political Consultative Conference, and is a leader of the 14K Triad, one of the largest Chinese organized criminal organizations in the world that engages in drug trafficking, illegal gambling, racketeering, human trafficking, and a range of other criminal activities. In addition to bribery, corruption, and graft, the 14K Triad has engaged in similar illicit activities in Palau.
Broken Tooth is designated for being a foreign person who is a leader or official of an entity, including any government entity, that has engaged in, or whose members have engaged in, corruption, including the misappropriation of state assets, the expropriation of private assets for personal gain, corruption related to government contracts or the extraction of natural resources, or bribery.
OFAC also designated three entities that are owned or controlled by Broken Tooth:
• World Hongmen History and Culture Association, based in Cambodia and established in 2018 by Broken Tooth;
• Dongmei Group, based in Hong Kong; and
• Palau China Hung-Mun Cultural Association, based in Palau.
In 2018, Broken Tooth established the headquarters of the World Hongmen History and Culture Association in Cambodia. Hongmen (or “Hung Mun”) is a global Chinese fraternal organization established in the mid-1600s and is synonymous with “Triad” in Hong Kong and Macau. The 14K Triad is utilizing Broken Tooth’s World Hongmen History and Culture Association as an effort to legitimize itself.
The World Hongmen History and Culture Association has managed to co-opt elite figures in Malaysia and Cambodia. This continues a pattern of overseas Chinese actors trying to paper over illegal criminal activities by framing their actions in terms of China’s Belt and Road Initiative (BRI), the China Dream, or other major initiatives of the CCP. The World Hongmen History and Culture Association is spreading across Southeast Asia, establishing a powerful business network involved in the development and launching of crypto currencies, real estate, and most recently a security company specialized in protecting BRI investments.
The Chinese enterprises behind the BRI projects have several things in common: their leadership has links to criminal networks or actors involved in illicit activities in other parts of Southeast Asia, as well as China; they have pre-existing organizations engaged in casinos and crypto currencies; they advertise themselves online to be associated with Beijing’s BRI and flaunt connections with key Chinese government agencies; and all of them have established associations that actively seek to assist Chinese nationals.
In addition to furthering the CCP’s BRI via the World Hongmen History and Culture Association, Broken Tooth also heads the Dongmei Group. The Dongmei Group is the key investor in the Saixigang Zone in Burma.
SANCTIONS IMPLICATIONS
As a result of today’s action, all property and interests in property of the persons above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or otherwise exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person or the receipt of any contribution or provision of funds, goods, or services from any such person.
GLOBAL MAGNITSKY
Building upon the Global Magnitsky Human Rights Accountability Act, the President signed E.O. 13818 on December 20, 2017, in which the President found that the prevalence of human rights abuse and corruption that have their source, in whole or in substantial part, outside the United States, had reached such scope and gravity that it threatens the stability of international political and economic systems. Human rights abuse and corruption undermine the values that form an essential foundation of stable, secure, and functioning societies; have devastating impacts on individuals; weaken democratic institutions; degrade the rule of law; perpetuate violent conflicts; facilitate the activities of dangerous persons; and undermine economic markets. The United States seeks to impose tangible and significant consequences on those who commit serious human rights abuse or engage in corruption, as well as to protect the financial system of the United States from abuse by these same persons.
https://home.treasury.gov/news/press-releases/sm1206
CORRUPTION IN SOUTHEAST ASIA: BROKEN TOOTH
Wan Kuok Koi, also commonly known as “Broken Tooth,” is a member of the Communist Party of China’s (CCP) Chinese People’s Political Consultative Conference, and is a leader of the 14K Triad, one of the largest Chinese organized criminal organizations in the world that engages in drug trafficking, illegal gambling, racketeering, human trafficking, and a range of other criminal activities. In addition to bribery, corruption, and graft, the 14K Triad has engaged in similar illicit activities in Palau.
Broken Tooth is designated for being a foreign person who is a leader or official of an entity, including any government entity, that has engaged in, or whose members have engaged in, corruption, including the misappropriation of state assets, the expropriation of private assets for personal gain, corruption related to government contracts or the extraction of natural resources, or bribery.
OFAC also designated three entities that are owned or controlled by Broken Tooth:
• World Hongmen History and Culture Association, based in Cambodia and established in 2018 by Broken Tooth;
• Dongmei Group, based in Hong Kong; and
• Palau China Hung-Mun Cultural Association, based in Palau.
In 2018, Broken Tooth established the headquarters of the World Hongmen History and Culture Association in Cambodia. Hongmen (or “Hung Mun”) is a global Chinese fraternal organization established in the mid-1600s and is synonymous with “Triad” in Hong Kong and Macau. The 14K Triad is utilizing Broken Tooth’s World Hongmen History and Culture Association as an effort to legitimize itself.
The World Hongmen History and Culture Association has managed to co-opt elite figures in Malaysia and Cambodia. This continues a pattern of overseas Chinese actors trying to paper over illegal criminal activities by framing their actions in terms of China’s Belt and Road Initiative (BRI), the China Dream, or other major initiatives of the CCP. The World Hongmen History and Culture Association is spreading across Southeast Asia, establishing a powerful business network involved in the development and launching of crypto currencies, real estate, and most recently a security company specialized in protecting BRI investments.
The Chinese enterprises behind the BRI projects have several things in common: their leadership has links to criminal networks or actors involved in illicit activities in other parts of Southeast Asia, as well as China; they have pre-existing organizations engaged in casinos and crypto currencies; they advertise themselves online to be associated with Beijing’s BRI and flaunt connections with key Chinese government agencies; and all of them have established associations that actively seek to assist Chinese nationals.
In addition to furthering the CCP’s BRI via the World Hongmen History and Culture Association, Broken Tooth also heads the Dongmei Group. The Dongmei Group is the key investor in the Saixigang Zone in Burma.
SANCTIONS IMPLICATIONS
As a result of today’s action, all property and interests in property of the persons above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or otherwise exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person or the receipt of any contribution or provision of funds, goods, or services from any such person.
GLOBAL MAGNITSKY
Building upon the Global Magnitsky Human Rights Accountability Act, the President signed E.O. 13818 on December 20, 2017, in which the President found that the prevalence of human rights abuse and corruption that have their source, in whole or in substantial part, outside the United States, had reached such scope and gravity that it threatens the stability of international political and economic systems. Human rights abuse and corruption undermine the values that form an essential foundation of stable, secure, and functioning societies; have devastating impacts on individuals; weaken democratic institutions; degrade the rule of law; perpetuate violent conflicts; facilitate the activities of dangerous persons; and undermine economic markets. The United States seeks to impose tangible and significant consequences on those who commit serious human rights abuse or engage in corruption, as well as to protect the financial system of the United States from abuse by these same persons.
https://home.treasury.gov/news/press-releases/sm1206
Bringing the news. You stay classy, nas, Cambodia.
Wheres counterfeiting trillions of usd?
The undermining of the global reserve currency has been overlooked for so long and instead of tackling that we have stimulii which is playing into the hands of the renminbi/yuan and eventually will sucuumb or so the prc hopes.
The undermining of the global reserve currency has been overlooked for so long and instead of tackling that we have stimulii which is playing into the hands of the renminbi/yuan and eventually will sucuumb or so the prc hopes.
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