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Indonesia Authorities Arrest China Fugitive Businessman & Interpol-Wanted Lin Qiang in Bali Who is the Chairman & Shareholder of Insolvent Shanghai HHSC Capital Management with $4.1 Billion Losses, Lin Qiang Had Fled China 13 Months Ago
12th October 2024 | Hong Kong
Indonesia authorities have arrested China fugitive businessman & Interpol-wanted Lin Qiang in Bali, who is the Chairman & shareholder of insolvent Shanghai HHSC Capital Management with $4.1 billion losses. Lin Qiang had fled China 13 months ago. In 2024 April, Shanghai HHSC Capital Management & affiliates which had failed to repay $4.1 billion (CNY 30 billion) of investment to clients in 2023 August, have declared insolvency and unable to continue operations. $4.1 billion of wealth management products include investments with no actual underlying assets, and some of the products were also sold illegally. Shanghai HHSC Capital Management company Chairman Lin Qiang had disappeared in Hong Kong in 2023.
“ Indonesia Authorities Arrest China Fugitive Businessman & Interpol-Wanted Lin Qiang in Bali Who is the Chairman & Shareholder of Insolvent Shanghai HHSC Capital Management with $4.1 Billion Losses, Lin Qiang Had Fled China 13 Months Ago “
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Shanghai HHSC Capital Management & Affiliates Which Failed to Repay $4.1 Billion of Investment to Clients in 2023 August Declare Insolvency & Unable to Continue Operations, $4.1 Billion Wealth Management Products Include Investments with No Actual Underlying Assets & Sold Illegally, Company Chairman Lin Qiang Had Disappeared in Hong Kong
12th April 2024 – Shanghai HHSC Capital Management & affiliates which had failed to repay $4.1 billion (CNY 30 billion) of investment to clients in 2023 August, have declare insolvency and unable to continue operations. $4.1 billion of wealth management products include investments with no actual underlying assets, and some of the products were also sold illegally. Shanghai HHSC Capital Management company Chairman Lin Qiang had disappeared in Hong Kong in 2023.
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