Core Viewpoint - The article discusses the downfall of Wei Wenlie, a former executive at China Everbright Group, who transitioned from a successful career to becoming an economic criminal due to his reckless financial decisions and abuse of power. Group 1: Career Background - Wei Wenlie graduated from Tsinghua University and held various positions in state-owned enterprises before becoming the chairman and general manager of Yufeng International Company in Hong Kong, where he felt a sense of newfound freedom [2][4]. Group 2: Financial Misconduct - Wei engaged in unauthorized foreign exchange speculation shortly after the establishment of his company, initially making profits but later incurring significant losses [6][9]. - Despite incurring a loss of $637,000 in 1988, he continued to increase his investments, leading to a staggering loss of $13.128 million in 1989 [9]. - By June 1991, Yufeng Company had accumulated losses exceeding $60 million, placing a heavy financial burden on the local government [13]. Group 3: Abuse of Power - Wei leveraged his position to benefit his family, arranging lucrative positions for his children in the company and facilitating questionable acquisitions, such as a $13 million purchase of a failing Canadian company [15]. - His extravagant lifestyle included purchasing luxury properties and vehicles, which further highlighted his disregard for the financial health of the company [16]. Group 4: Legal Consequences - In 1992, investigations revealed that Wei had engaged in foreign exchange transactions totaling $7 billion, resulting in a net loss of $186 million [16]. - Wei was ultimately charged with neglect of duty and abuse of power, serving as a cautionary tale about the dangers of unchecked authority in state-owned enterprises [16].
经济专家魏文烈,舍弃重庆副市长转投商海,却给国家造成巨大损失
Sou Hu Cai Jing·2025-09-28 09:47