CCTV.com - CNTV English - CCTV News

Lai engaged in massive smuggling

07-23-2011 11:25 BJT

Watch Video

Play Video

Ask anyone old enough in China to list the top ten economic crimes in the 1990s, and they're bound to put Yuanhua smuggling at the top.

The notorious case has involved more than 50 billion yuan of smuggling and embroiled dozens of high-ranking government officials. And Lai Changxing is the man behind all this.

In the early 1990s, Lai, who was then a farmer in eastern China's Fujian Province illegally acquired Hong Kong residency through fake ID and set up Yuanhua Group, which later, became the center for his multi-billion yuan dirty business.

To build up his smuggling net, Lai used every trick in the book. In the mid-1990s, He rented a dock, built a large storehouse and bribed local customs officials to provide cover.

In just three years between 1996 and 1999, Lai and his corporation smuggled products worth 53 billion yuan into China and evaded taxes of more than 30 billion yuan.

More than 4.5 million tons of oil found its way into the Chinese market in three years and a super oil tanker would arrive at Xiamen, a major harbor city in Fujian Province every three days.

About 20 containers of cigarettes pulled into shore every day and some eight thousand luxury cars entered China over three years and were even publicly put up for sale.

In 1999, his business was unmasked, sending shock-waves across the nation.

More than six hundred people have been found to take part in these cases, including a hundred government officials. 14 of them have been sentenced to the death penalty.

The Chinese government was determined to bring the initiator to justice, but Lai managed to escape to Hong Kong and then to Canada, starting his 12-years in exile.

 

Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program