Mao Xiaofeng Jordan Whitehead Womens Jersey , president of China Minsheng Banking Crop [PhotoCFP]
Ex-Minsheng president investigated in connection with fallen adviser Ling

The head of China's biggest private lender has resigned after reportedly being implicated in the corruption case of Ling Jihua, a former senior political adviser.

China Minsheng Banking Corp said its president, Mao Xiaofeng, resigned for personal reasons after news reports that said he had been taken away for investigation by China's top anti-corruption watchdog.

Mao, 43, one of the youngest bank chiefs in China, was held by the Central Commission for Discipline Inspection earlier this week, less than half a year after he was named chief of the bank.

Mao was said to have offered Ling's wife a job for three years at Minsheng Financial Leasing, a joint venture of China Minsheng Banking Corp Ltd and Tianjin Port Free Trade Zone Investment Co, said an insider who requested anonymity.

The insider said Minsheng, also known as the "high-ranking officials' spouses club", had provided jobs to the wives of more than 10 senior officials.

Yu Lifang, the wife of former senior political adviser Su Rong, has worked in Minsheng for a long time and has been hired as the director of the board's bank audit committee after her retirement.

According to the insider, Mao was implicated in the downfall of Ling, who developed a "Shanxi gang", a political faction that sought illicit wealth from government sources and State-owned assets.

Before being brought down in December on corruption charges, Ling was vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, China's top political advisory body, and head of the United Front Work Department of the Communist Party of China's Central Committee.

Ling's former position as the head of the General Office of the Communist Party's Central Committee is comparable to that of the US White House chief of staff.

Su, 66, the then vice-chairman of the Chinese People's Political Consultative Conference National Committee, was probed on June 14 on corruption charges.

As a mid-sized bank, Minsheng has made its name as the biggest private lender to small private businesses. Anbang Insurance Group recently became Minsheng's largest shareholder through a series of share purchases on the secondary market.

The bank posted a statement on its website on Saturday saying that it was aware of the reports concerning Mao and that the bank's operations were being conducted as usual.

In addition, in West African cultures there is a strong sense of loved ones ties, as mirrored in the reality that they are usually inclined to guide their family members, normally with no need of reserves. This function can explain the corruption in Nigeria and other international locations in the area. In addition, these networks share important information for their actions. The operational system implemented systematically by a group can be then utilised by a numerous group composed of other members. They collaborate with other criminal groups, including Colombian and Pakistan drug trafficking organizations discreetly in the qualifications, escaping from the consideration of the police and the general manifeste.

The network leaders stimulate many people who are part of the influential circles of Nigeria to assistance the things to do of criminal networks in West Africa, with the guarantee that they will maintain monetarily and benefit them protect their privileged status.

The things to do of these networks we can distinguish four categories:

1) Standard crimes

two) Crimes that assist to other crimes

3) Enabling criminal activities

4) Combining crimes.

Almost always, the West African criminal networks opt for to be engaged in lengthy term organisation relations by distributing products in bulk to decrease the hazards of detection, even if that represents much less earnings. These networks have associations with the Colombian and Pakistan cartels in the industry of trafficking in cocaine and heroin, respectively.

Nigeria, Ghana and South Africa are international locations where exactly they retail outlet cocaine and heroin for distribution world-wide. The linkages around the actions of distribution of cocaine and heroin that carry out the West African criminal networks are vital in Europe.

The Austrian police have documented that heroin and cocaine markets in the country are managed by West African networks functioning internationally and whose members, from the best-level dealers to all those operating in the street, are natives of this African region. Likewise, even though customarily these criminal networks are utilising the technique of “shotgun” (sending a lot of mules with not so big quantities of medicines every single) to transport medication, they are now also implementing them for remittance of larger quantities of cash.

Cocaine

Cocaine trafficking is a especially sought after activity between West African networks and that it is exceptionally worthwhile. The cocaine-creating countries are Colombia, Peru and Bolivia, but the West African criminal organizations want to install their running bases in neighboring nations or in nations shut to them. This imply a strong presence in Venezuela, Ecuador and Brazil (wherever lives significantly more than 50,000 Nigerian) and the Netherlands Antilles.

These networks may very well occasionally prepare transport of massive shipments of cocaine by sea, quite often like to lessen the dangers by sending tiny remittances via postal systems or smugglers. Current developments in Curacao clearly show that the frequency of deliveries of minimal quantities has accelerated substantially in recent ages.

Frequently the courier organizations are the way chosen by Nigerian criminal organizations to tran. Cheap Jerseys From China   Cheap Jerseys Free Shipping   Cheap Jerseys From China   Cheap NBA Jerseys   Cheap Jerseys China Free Shipping   Cheap Authentic Jerseys   Cheap Home Jerseys   Wholesale T-shirts China   Wholesale Hoddies China   Cheap Nike NBA Hats