“MADE UP” – Hurst Denies CIP Investor Wanted for Bank Fraud in China

The content originally appeared on: Antigua News Room
Hurst

A spokesman for the Antigua and Barbuda government is denying media reports that purported investor in Antigua’s Special Economic Zones, holding a Citizenship by Investment Program (CIP) passport, is allegedly wanted in China for involvement in a major financial scandal with Huludao Bank.

Lionel Max Hurst responded to media questions at the post-Cabinet news briefing on Friday.  WATCH BELOW BY CLICKING THE PLAY BUTTON ON THE VIDEO:

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Real news reported this week that a purported investor in Antigua’s Special Economic Zones, holding a Citizenship by Investment Program (CIP) passport, is allegedly wanted in China for involvement in a major financial scandal with Huludao Bank.

According to the report, the individual persuaded the bank in 2020 to purchase a 2.6 billion yuan “asset management plan,” but diverted $250 million overseas and used the remainder to settle personal debts before fleeing China in 2021, according to documents.

An arrest warrant and Interpol Red Notice were subsequently issued, Real News said.

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It reported that the individual is linked to the aviation industry in Hong Kong and possibly a luxury boat business in the Netherlands, having also acquired property in Antigua.

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