|Nicaragua's President Daniel Ortega (left) and Wang Jing.|
Reuters reports that Wang Jing's Cayman Islands' HKND "is a unit of HK Nicaragua Canal Development Investment Co., Ltd.", so I went to Hong Kong register to find out more about HK Nicaragua Canal Development Investment Co., Ltd (HKND). As it turns, the Hong Kong-registered "investment company" is a 10,000 Hong Kong Dollar (HKD) vehicle, whose registered office is Suites 1801-1807, 2 International Finance Centre, Hong Kong. Wang Jing is the sole director and Conson Secretarial Ltd was appointed as secretary.
Having failed to find a directory of companies at 2 International Finance Centre, I called the concierge and was told that due to "privacy issues" no information about their tenants can be given. The concierge refused to confirm whether HK Nicaragua Canal Development Investment Co., Ltd. had offices in that building. When I asked whether it was a secret which companies had rented offices at 2 International Finance Centre, the lady told me that if I wanted to know, I had to go there in person and check in the buildings' board. So much for transparency...
before a memorandum of understanding was signed (5 September 2012), was "identified" by Nicaragua's Interoceanic Authority as "the most adequate partner" to carry out a $40 billion project to rival the Panama Canal. For the purpose of the project, HKND acquired in April 2013 Nicaragua's Empresa Desarrolladora de Grandes Infraestructuras S.A. Of note, the fact that Jing's Cayman Islands' venture was created after the MoU was signed.
But who is this Wang Jing? What is his track record in the infrastructure and engineering field?
Wang Jing is meant to be the boss of Xinwei, a telecoms company formerly owned by State-owned Datang Telecom. Hong Kong records show that he resides at no. 3001, unit 1, Building no. 3, FANGQUNYUAN YI QU, in Beijing's Fengtai District. He says he lives with his mother. As per archive.org records, Jing's first reference as chairman of Xinwei appears in Xinwei's website in March 2010. By that time Xinwei had been taken to private hands, although a few photo ops with leaders of China's Communist Party visiting pepper Xinwei's website. Xinwei appears to have patented a system called McWill, which it claims to be "the only commercialized 4G technology in the world." Xinwei claims that said technology is used in more than 20 countries. Mcwill's site was registered by Gang Huang from Beijing Holland, a Chinese purveyor to the "cable & wire industry as well as electrical equipment industry." Certainly, the "world's leader in 4G technology" website leaves a lot to be desired.
Jing, who refused to say what university he had attended, claims to have made his money mining in Cambodia. As far as our research goes, there's no evidence of such activities. Anywhere. Jing has said that international investors will come up with required funds ($40 billion), but has failed to name a single investor. Feasibility studies are meant to be conducted by McKinsey & Co, while other individuals, such as Li Chuan of Kirkland & Ellis International LLP, Bill Wild, and Ronald MacLean-Abaroa were part of Jing's entourage in Nicaragua.
While Jing claims that China's Railway Construction will also participate in conducting feasibility work, there's no official evidence to that. Anywhere. Furthermore, reports in Chinese media warn that the project is fraught with risks, and most likely unviable, given its geopolitical significance. The argument, in short, goes that the US government is not about to allow China to build and control an interoceanic canal in Nicaragua.
The most shocking aspect of this issue is not even Jing's lack of credentials, track record and funds. But rather the way in which Daniel Ortega, the utterly corrupt and pedophile President of Nicaragua has renounced his country's sovereignty in this deal (see annexes in agreement below). The plans include, in addition, construction of the following:
- An oil pipe;
- An airport;
- Related infrastructure;
- A port in the Caribbean;
- A port in the Pacific;
- A free trade zone in the Caribbean coast;
- A free trade zone in the Pacific coast;
- A dry canal;
- A wet canal.
ACUERDO MARCO DE CONCESION E IMPLEMENTACIÓN con relación a EL CANAL DE NICARAGUA Y PROYECTOS DE DESARROLLO by alek_boyd
The "Who Is?" series is a new type of article I shall be posting on a regular basis. Given that this blog has become a source for journalists, bankers performing KYC, prosecutors, immigration authorities, public policy analysts, intelligence agencies, and concerned citizens, I have decided to publish research in a simpler and more comprehensive way. The "Who Is" series is an attempt to provide accurate, factual snapshots of some of the more "colorful" members of the fauna inside corrupt governments and enabling societies. Readers' suggestions for a "Who Is?" profile can email me at alek dot boyd at gmail dot com.