Deng Jiagui

HEAD OF CHINA’S COMMUNIST PARTY (2012-PRESENT); PRESIDENT OF CHINA (2013-PRESENT)

Xi Jinping


Associates in the data:

Deng Jiagui


RELATED TO

China

About

Deng Jiagui, who has made a fortune in real estate development, became “Red Nobility” in 1996 when he married Qi Qiaoqiao, the daughter of Xi Zhongxun, ​one of China's revolutionary heroes and a former top official. Qi Qiaoqiao’s younger brother is Xi Jinping, who is president of China and head of China’s ​Communist Party. An investigative report by Bloomberg News in 2012 revealed that Deng and his wife had hundreds of millions of dollars in real estate, share ​holdings and other assets.

In the Data

In 2004, Deng Jiagui, the brother-in-law of China’s current President Xi Jinping, acquired a company in the British Virgin Islands called Supreme Victory ​Enterprises Ltd and was the sole director and shareholder. The company was struck off the BVI registry in 2007. In September 2009, Deng became the sole ​director and shareholder of two additional British Virgin Islands-based “shelf companies” in Mossack Fonseca's inventory. The companies were called Best ​Effect Enterprises Ltd and Wealth Ming International Limited. Mossack Fonseca helped Deng obtain a “chop” – a carved metal or stone seal often used by ​Chinese businesses to validate documents in lieu of signatures – for Best Effect Enterprises. It is unclear what the two companies were used for. At the time, ​Xi Jinping was one of nine men on the all-powerful Politburo Standing Committee, the body that rules China. By the time Xi was named general secretary of ​the Chinese Communist Party in 2012 and the country’s president in 2013, Deng’s two BVI companies were dormant.

Response

Deng did not respond to a request for comment.

This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we ​release the full structured data connected to the Paradise Papers investigation in the coming weeks.

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