Bo Xilai Clan Links Included Citigroup Hiring of Elder Son
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Among the Citigroup Inc. bankers gathered in Hong Kong on Aug. 11, 2006, with the mayor of the northeastern Chinese city of Tieling to discuss investments in an industrial park was the son of a powerful China princeling.
Li Wangzhi, who had joined Citigroup after earning a master’s degree at Columbia University, was the first son of Bo Xilai, according to two schoolmates of Li and repeated on an online publication affiliated with the Ministry of Culture. Extended family members of Bo, then commerce minister and now ousted Chongqing Communist Party boss, have also had positions in such firms as alternative-energy company China Everbright International Ltd., according to data compiled by Bloomberg.