Monday, 21 September 2015

Corruption Begets Salacious Tale

The party's over for Ding Qingping who was extradited back to China
A trickle of Chinese fugitives are being repatriated back to the motherland as part of Operation Skynet, part of Chinese President Xi Jinping's crackdown on corruption.

This tale you're about to read reeks of gobs of money, sex and blackmail.

Ding Qingping started out as a small contractor, but became a big player in the property sector after starting Zhonggang Group in 2003. The company developed real estate projects in several cities in Zhejiang, including Hangzhou, Ningbo, Yiwu and Jinhua.

In order to raise money for a project in Jinhua, Ding secured bank loans worth as much as 200 million yuan and took another 90 million yuan from individual borrowers, according to the Qianjiang Evening News.

However, Ding was not able to pay the high interest.

On September 28, 2008, he sent all his employees on a holiday in Hainan province, took the company's money and boarded a flight from Shanghai to Canada with his wife, leaving behind his huge debts and an unfinished high-rise in Zhejiang province.

In Canada he obtained residency through an immigration investment scheme. But then he ran out of money and then got vindictive.

He began contacting his mistresses -- note more than one -- back in China, asking to meet him in hotels in Hong Kong and elsewhere, where he secretly taped their sexual encounters and the blackmailed them for money, the report said.

In 2011, mainland police issued a red notice to Interpol requesting member countries to locate and arrest Ding.

He was finally caught in Spain in December, and then earlier this month, a Spanish court agreed to the Chinese authorities' extradition request and was just sent back to China recently.

Jackie Collins (left) would have loved this tale, right?
While it's game over for Ding, we have to admit extorting money from his several mistresses is surely creative. One wonders what his wife thought of his scheme.

In light of this incident, we mourn the passing of Jackie Collins, who made a name for herself writing titillating tales of sex, money and power.

Surely she would have found stories like this perfect for novel fodder... and they're apparently real!


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