The HNA Group issues its first public statement on allegations of shady dealings made by Guo, rejecting them as completely unfounded and false
The Chinese conglomerate HNA Group has denied corruption allegations made by the fugitive tycoon Guo Wengui and says it may pursue legal action against him. The comments were the company’s first public statements on the claims. Guo is wanted on corruption charges in China and has made a series of graft allegations against the Chinese government and company officials on the mainland. Guo’s claims against the HNA Group range from senior government officials held shareholdings in the firm and that were irregularities in its purchase of assets overseas and improprieties in buying a VIP jet. A statement from HNA, whose interests spread from aviation to financial services, said the allegations made against the firm were completely unfounded and false. “The HNA Group reserves the right to pursue all legal action in due course, ” said the statement, which was released on the company’s website late on Saturday. HNA has become one of most active Chinese firms in global markets outside the state sector, completing deals worth more than US$50 billion. Guo has since April accused senior Communist Party leaders and others of corruption in a series of live-streamed interviews on social media or interviews with overseas media.
