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http://news.sina.com.cn/c/2009-02-14/023417211775.shtml
Looks like some serious tax evasion since 1994 has landed about 40 of Qingqi's management in the Chinese clink. The big boss himself seem to be stuck for life in a toiletless Chinese prison. The story also says 5 upper members of China's Communist big red machine from the Jinan area have also been indited.
What does this mean for the future of Qingqi bikes.........:eekers:
Mike is back :goodtime::thumbsup::clap::bowdown:Quote:
Originally Posted by Supersignet
These stories do indeed not look promising for QQ
Andy
They'll be more expensive..........the 5 newly appointed Jinan local Party reps will be wanting more RMB.Quote:
Originally Posted by Supersignet
I wonder if they have room for a few of our greedy bankers as well?. We could have them all executed as a job lot. Shouldn't cost too much.:icon10:Quote:
Originally Posted by Supersignet
Is there a link to this in English?. Thanks.
This all depends of whether the guys that have been kicked out were deadwood or the smart guys!
Qingqi could get a load better, or a load worse! :lol8:
I think that Carl had something to do with all of this. :naughty: Wasn't he hanging out at the factory alot, and got a bike to try out for free?:confused1:
Now he has left China....hmmmmmm?
:icon10::icon10::icon10::icon10::lol8::lol8::lol8:
In SpanishQuote:
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.Quote:
Originally Posted by humanbeing
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
http://i1.sinaimg.cn/dy/c/2009-02-12...5870d08d3e.jpgQuote:
Originally Posted by forchetto
There was a Qingqi Jinan importer here in the Milwaukee area a while back who dumped Q's product and dissappeared in the night. He had formerly worked for US Customs. I knew something was fishy...very fishy...with him.
I had be told he was in bed with a party person. Also, someone told me he was giving kickbacks to that person. Besides, I personally saw him with a stack of blank MCOs - directly from Jinan Q.
That importer got cancer and died last year. I dislike crooks, but feel sorry for those poor SOBs.
Peej
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.
CC
Quote:
Originally Posted by forchetto
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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