Police Detain Li Wei Over Tax Issues
In October 2006, Li Wei was taken into police custody on suspicion of evading tax payments; she was reportedly close to Chen Tonghai, then chairman of Sinopec.
In October 2006, Li Wei was taken into police custody on suspicion of evading tax payments; she was reportedly close to Chen Tonghai, then chairman of Sinopec.
On August 31, 2004, Du Shicheng presided over a special meeting of the Qingdao Municipal Party Committee to study land for housing for Sinopec experts and employees; through the coordination of Vice Mayor Luo Yongming, a total of 1000 mu of land was secured across the Qingdao Economic Development Zone, Huangdao District, and Jiaonan City.
On July 29, 2004, Qingdao Golden Coast Hotel acquired the 75% equity stake in Taishan Real Estate held by Capital Qingdao for 325 million yuan, and Li Wei netted more than 200 million yuan.
In June 2004, the feasibility report for the Qingdao mega refinery project was approved by the State Council. The project was the first refinery in China approved with a single-phase construction capacity of 10 million tons; Li Wei used this to develop related real estate business in Qingdao.
In 2003, Li Wei obtained the development rights to 61,800 square meters of land at Taipingjiao in Qingdao. The project was nominally applied for under Capital Group, but in fact fell under Yichuang Real Estate, which was held in her name, and she later earned 84 million yuan from the transfer.
Du Shicheng instructed that the land transfer of the two cultural heritage villas be changed to administrative allocation; Li Wei ultimately obtained the properties for 7.5 million yuan and obtained the property certificates.
Li Jiating was investigated in 2001, and Li Wei and Xu Fuying came to the attention of the special task force. After assisting with the investigation, Li Wei took refuge in Beijing.
In 2001, Du Shicheng, who had just become mayor of Qingdao, instructed Jiang Junshan, secretary-general of the municipal government, to coordinate the transfer of two heritage villas to Li Wei, with a reference price set at the old 1993 rate.
Li Wei met Wang Yi, then vice chairman of the China Securities Regulatory Commission (CSRC), through Li Jiating, and afterwards began taking heavy positions in listed companies under Sinopec.
Li Wei registered Oriental United Industrial Co., Ltd. in Hong Kong, obtaining Hong Kong residency, and subsequently registered companies such as Haoyi International.
Li Wei registered her residence in Huilai, Guangdong, and obtained a Shenzhen ID card on December 25. Related reports alleged that Zheng Shaodong, director of the Criminal Investigation Department of the Guangdong Provincial Public Security Department, was involved in handling the case.
Li Jiating's mistress Xu Fuying ran the "Haiwang" on Yangzong Lake in Yunnan, and the cruise boat became a platform for officials, tobacco merchants and real estate developers to exchange resources; Li Wei worked as an assistant on the boat at the time.