Oh No...Not good news for the big boys at QingQi

Just got word from QingQi motorcycles that the guy who got hauled off for bad tax practices was head of the Jinan QingQi group which owned QingQi until 2006. After 2006, QingQi Motors was largely owned by a massive vehicle conglomerate called "China South".

Mr. Zhang's issues don't effect the motorcycle manufacturer, it's just a shame the name is still the same.

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Quote:

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Originally Posted by forchetto

Thanks. It appears Mr Zhang Jialing, Qingqi's chairman, is a "senior economist" that has caused losses of $115 million to some banks, issued credit letters to the tune of $585 million, personally stole nearly $1 million from company funds, accepted bribes to the tune of $0.5 million, tax fiddles of $1.6 million...etc, etc.

Quite a financial wizzard, our Mr Zhang. We could do with more like him in the west....(on second thoughts...No).

Shame. He has an honest face...

http://www.chinavitae.com/photos/zhang.jialing.1936.jpg

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If he was here in UK he would be guaranteed a Knighthood from her Majesty the Queen and $1000000 a year pension for life. :eek2:



at least they send 'em to jail in China

There certainly are a lot of things the East and West could learn from each other. :deal:

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