Sunday, 5 July 2015

Chinese puzzle at Blagnac

Photo MaxPPP
The privatisation of Toulouse airport involves selling a 49% share to a consortium headed by Chinese businessman Mike Poon. Now for some time Mr Poon has disappeared from view. The French news site Mediapart has revealed that the company set up to fund the purchase is no more than a shell based in some tax haven and that Finance Minister, Emmanuel Macron, refuses to confirm whether the 308 million euros agreed has in fact been paid.
Chinese media  are reporting that before his disappearance in May Mr Poon had resigned several posts amid allegations of corruption. Anti-privatisation groups in Toulouse are calling for answers but so far M Macron is remaining silent.
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