The New York Times follows up on last week’s Wall Street Journal story on the federal investigation into Sheldon Adelson’s casino company’s business practices in China. One focus of the investigation is reportedly the company’s former representative in Beijing, Yang Saixin.
The Times reports:
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Mr. Yang joined the Sands in 2007 as the company worked to protect its interests in Macau, where its gambling revenues were mushrooming, and pressed ahead with plans for a resort in mainland China. Boasting of ties to the People’s Liberation Army and China’s state security apparatus, Mr. Yang was hired for his guanxi, that mixture of relationships and favors that is critical to opening doors in China, according to former executives.
But today, Mr. Yang, along with tens of millions of dollars in payments the Sands made through him in China, is a focus of a wide-ranging federal investigation into potential bribery of foreign officials and other matters in China and Macau, according to people with knowledge of the inquiries.
A separate set of allegations are at the center of Adelson’s defamation lawsuit against the National Jewish Democratic Council.
