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Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal


Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal
April 6, 2015
By Caixin staff reporters Yu Ning and Liu Ran, and intern reporter Cui Xiankang. This article was first published in Caixin. 
A recent business dispute between a state-owned technology conglomerate and a private property developer has put a low-profile but powerful businessman in the spotlight. The businessman is believed to have brought down a former Beijing deputy mayor, control a landmark building project in the capital, and have close ties to a disgraced national security official.
The drama started late last year, when a fight between Peking University Founder Group Co. Ltd. and Beijing Zenith Holdings Co. was ignited by disputes over control and terms of the pair s jointly owned Founder Securities Co. ....

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