Caixin
PEOPLE

Brokerage Deal Sheds Light on Fugitive Tycoon’s Tie With Abu Dhabi, Tony Blair

By Wang Duan and Yang Yanwen in Hong Kong, Li Zengxin in Washington, D.C., An Ning in London and Yu Ning in Beijing
Chinese businessman Guo Wengui(L) and former British Prime Minister Tony Blair(R).
Chinese businessman Guo Wengui(L) and former British Prime Minister Tony Blair(R).

Leveraging connections with former British Prime Minister Tony Blair, China’s fugitive businessman Guo Wengui, also known as Miles Kwok, raised $3 billion from Abu Dhabi's royal family to fund an attempt to take control of China’s second-largest brokerage house, Haitong Securities, sources told Caixin.

But the investment has resulted in billion-dollar losses and a failed lawsuit.

You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.