Lai changxing biography of william hill
Home / Celebrity Biographies / Lai changxing biography of william hill
By this means the group seduced a number of government officials, forcing them to create an outlet for their illegal activities.
In his heyday of 1996, two years after he set up Yuanhua, Lai bought Xiamen’s soccer team, built a 30-storey hotel, a replica of the Forbidden City as a tourist attraction, and started construction of the 88-storey hotel and office complex, the Yuanhua International Center, in Xiamen.
At his height he has been credited with convertingChina from communism to capitalism and bringing the country into the WorldTrade Organization. He was the founder and Chairman of Yuanhua Group, based in the Special Economic Zone of Xiamen. Realizing that connections were crucial to his business, Lai hired the children of high officials in customs, the prosecutors’ office, police, and border patrols, offering high compensation.
Investigators claimed that he then captured them on hidden cameras and used the videos to blackmail and manipulate them.
Changxing Lai
昌星 赖
Businessman
Lai Changxing is a former Chinese businessman and entrepreneur.
China had just opened up to the idea of private enterprise, and Fujian Province was one of the first regions to embrace Deng Xiaoping’s economic reforms. After a lengthyextraditionbattle and diplomaticnegotiationsCanadianauthoritiesdeported him to China on July 22, 2011 upon promises that he would not be executed. People describe him as being very good at making guanxi (approximately: personalized net-works of influence) and all kinds of connections.
In the late 1990s he was implicated in corruption scandals involving a large smuggling ring. According to some sources Lai received three years of education, and that the highest level of school he attended was fourth grade.
Career
After a few years growing and selling vegetables and digging wells, in the late 1970s Lai pooled together $150 with a couple of friends and started an automotive parts factory.
China’s state oil companies estimated that they lost $360 million a year because of his smuggled oil.
Education
Lai received almost no formal education as he spent one year in school before the Cultural Revolution shut his school down. In addition, at least 12 individuals are currently serving life sentences while 58 others went to jail for their involvement with Lai and the Yuanhua case.
Connections
- Spouse:
- Zeng Mingna
Who is Lai Changxing?
Lai Changxingbegan as a Chinesebusinessman and entrepreneur from Jinjiang, Fujian, People's Republic of China.
In 1999, his business was unmasked, sending shock-waves across the nation. By 1999 he was described by severalmediaorganizations as "China's most wanted fugitive" and was arrested.
Lai evadedChineseauthorities and went to Canada, where he resided in Vancouver. In the mid-1990s, He rented a dock, built a large storehouse and bribed local customs officials to provide cover.
To build up his smuggling net, Lai used every trick in the book. He imported foreign products like cars, cigarettes and was responsible for one-sixth of the national oil imports at one time.