张兰和汪小菲在中国欠下巨债。
张兰和汪小菲在中国欠下巨债。

Zhang Lan and Wang Xiaofei Owe 630 Million, Use Two Relatives as Money Laundering Tools

Published at Feb 10, 2025 03:20 pm
Da S suddenly passed away, and her Chinese ex-husband Wang Xiaofei went to Taiwan, performing emotional acts such as crying in the rain, speculated by outsiders to be related to Da S's significant inheritance. Emmy, a Taiwanese financial blogger, directly pointed out that Zhang Lan and Wang Xiaofei owe a debt of 1.42 billion USD (about 6.3 billion RMB), but in fact, they have the money but refuse to repay it, instead moving it to Taiwan and using two relatives as front accounts to hide it.

Why did this mother and son duo incur such a huge debt? Emmy explained that it's because they falsely reported the revenue when selling the South Beauty chain, sold the company to a private equity fund, and when the buyer conducted an audit, they found out the accounts were fraudulent.

After being deceived, the private equity fund sued Zhang Lan, and the court ordered a compensation of 1.42 billion USD. Zhang Lan allegedly moved this money to Taiwan, set up a trust fund in the name of Wang Xiaofei and two relatives, claiming that the money no longer had any relation to her.

Later, the private equity fund discovered that Zhang Lan had privately transferred the fund's money abroad, executed seven transactions, and bought real estate in New York, USA. The court thus ruled that Zhang Lan is the actual controller of the trust, allowing the private equity fund to pursue this money in Taiwan. Emmy lamented that the two relatives in Taiwan were innocent but were exploited by Zhang Lan as front accounts, becoming tools for hiding and laundering money.

A Direct Response to Severing Relations

In addition, a suspected post by Wang Xiaofei on WeChat Moments circulated on Chinese social media. In the image, he openly states, "I'm unworthy!" and angrily criticizes that such a person should never be supported. Although Zhang Lan is his own mother, their worldviews are incompatible, "I'm nothing, I apologize to everyone, but from today onwards, I want to sever all relations with her. She has earned enough to live several lifetimes, if not, she will come to me asking for life!"

The exposure of this message immediately sparked heated discussions, and many netizens flooded Zhang Lan's TikTok with comments. Unexpectedly, Zhang Lan responded directly with six words, "Do not believe or spread rumors," which led to netizens questioning the authenticity of Wang Xiaofei's post.

Author

Ting Tai Leh


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