
Cambodian diplomat’s concubines employed by soccer club shareholder
There’s another plot twist in Chinese-businessman-turned-Cambodian diplomat Wang Yaohui’s secretive investment in a prominent English soccer club. RFA can reveal that two mothers of his children were employed by a company associated with Yaohui, Chigwell Holdings Ltd. The company acquired a sizeable stake in Birmingham City Football Club back in 2017. Just weeks ago, the English Football League said it was looking into reporting by RFA that Yaohui and a man said by former associates to be a close relative and frequent proxy for Yaohui control a large stake in the club through a series of offshore shell companies. Yaohui’s undeclared ties to Chigwell Holdings – yet another entity owning shares in the club – is likely to factor into that investigation. Under its rules, the league requires clubs to publicly disclose the identity of any person controlling more than 10 percent. A complicated man Yaohui was born in China but as RFA has reported, became a naturalized Cambodian citizen in 2014 after a checkered business career characterized by secretive dealings and bribery scandals in China and Africa where associates were convicted although Yaohui himself was not charged. If his corporate interests have been complex, the same can be said of his personal life. Despite having spent the last 15 years or so living as man and wife with Chinese film star Tang Yuhong, Yaohui has had at least five children by two other women in that time. The mothers, Wang Jing and Wang Qiong, were born seven years apart during the 1980s in Sichuan province, China. In 2015, both women approached Henley & Partners, a broker for citizenship-by-investment schemes, seeking to acquire Maltese passports for themselves and their children. Multiple documents obtained by RFA, including the children’s birth certificates, show that their children shared a common father, Yaohui. Wang Qiong’s declaration to the Maltese authorities that while Wang Yaohui is the father of her children, they are “just friends, but not in spousal relationship.” Those documents were part of a tranche of internal Henley & Partners data leaked to the Daphne Caruana Galizia Foundation, forming the bedrock of the foundation’s “Passport Papers” investigative collaboration with the Organized Crime and Corruption Reporting Project, which made the data available through its Aleph database in June this year. A review of that data also revealed that from 2015 onwards, the women were both employed in the accounting department of Chigwell Holdings Ltd, a Hong Kong-based real estate holding firm connected to Yaohui, although the detailed biographies provided by both women as part of their Maltese citizenship applications indicated no educational background or employment history in finance or bookkeeping. Regardless of their seeming lack of experience, they were handsomely compensated. HSBC bank statements for an account in Jing’s name show monthly deposits of HKD$36,500 ($4,650) from the company. Statements for Qiong’s account show her receiving the slightly higher HKD$44,500 ($5,670) each month. A letter signed by Chigwell Holdings HR manager Helen Ho attesting to the company’s employment of Wang Qiong, mother of several of Wang Yaohui’s children. Both women also provided letters signed and stamped by Helen Ho, human resources manager at Chigwell Holdings, attesting to their employment by the firm. Ho’s name and phone numbers both appear in Yaohui’s Hong Kong passport as his emergency contact person. Hong Kong corporate records also show that in April 2017 the assets of Chigwell Holdings were used to secure a $40 million loan to Yaohui – suggesting that he has considerable influence over the company’s decision-making and the property under its management. An extract from a Hong Kong corporate filing registering that Chigwell Holdings’ assets have been used as security against a $40 million loan to Wang Yaohui. Buying into the game When eight months later, on Dec. 14, 2017, Chigwell Holdings acquired 500 million shares in a company listed on the Hong Kong stock exchange, Yaohui’s name was nowhere on the associated disclosure. Under Hong Kong law, companies owning significant stakes in companies listed on the stock exchange are required to disclose their stakes, as well as the identity of their beneficial owner. The company Chigwell Holdings had bought the 500 million shares in was Birmingham Sports Holdings Ltd, which at the time owned 96.64 percent of Birmingham City Football Club. At the time, Chigwell Holdings’ 500 million shares accounted for 5.97 percent of Birmingham Sports Holdings’ total stock, or 5.76 percent of the club. On the same day, another company bought an even larger chunk of shares in Birmingham Sports Holdings. Registered in the British Virgin Islands, Dragon Villa Ltd also omitted to mention its ties to Yaohui when it acquired just over 714 million shares, equivalent to 8.23 percent of Birmingham City Football Club at the time. However, earlier this year, RFA reported on evidence it had seen strongly suggesting that Yaohui is in fact Dragon Villa’s owner. The key piece of evidence was an affidavit submitted to a Singapore court on behalf of Yaohui’s longtime right-hand woman, Taiwanese-American dual national Jenny Shao. In the affidavit, Shao claimed that Dragon Villa “is beneficially owned by Mr. Wang [Yaohui].” A beneficial owner is a person who enjoys the benefits of owning a company which is in someone else’s name. Her testimony was echoed by multiple former business associates of Yaohui whom RFA spoke with. A wealthy wallflower But why would Yaohui want to obscure his stake in an English football club, something normally considered a prestige purchase? And perhaps more perplexingly, if he does indeed control Chigwell Holdings and Dragon Villa, why go to the trouble of splitting the purchase of shares in Birmingham Sports Holdings between the two companies when they took place on the same day? We may never know the true answer since representatives of both companies have not responded to repeated requests for comment in recent months. The combined stakes of the two companies represent more than 10 percent of Birmingham City Football Club – therefore exceeding the threshold at which clubs are required to publicly disclose the…