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             JPMorgan Secretly Hired Daughter of Wen Jiabao: Report

   The New York Times is reporting JPMorgan Chase secretly employed the
   daughter of Wen Jiabao, who until recently was China`s prime minister
   and main overseer of the world`s second largest economy.
   The Thursday report comes as the U.S. government investigates whether
   the bank hired the children of powerful Chinese officials to help win
   lucrative business deals with the country`s state-owned companies.
   The Times says JPMorgan paid $1.8 million from 2006 to 2008 to a
   relatively obscure business that was run by the then-prime minister`s
   daughter, Wen Ruchun, who went by the alias "Lily Chang."
   JPMorgan has not been accused of wrongdoing. But the Times said the
   bank`s Hong Kong executives were aware of her true identity and appear
   to have benefited from her many connections.
   Officials with JPMorgan declined to comment on the report. The Chinese
   and U.S. governments have also not reacted to the report, which was
   based on a review of confidential documents, Chinese public records and
   interviews with knowledgeable officials.
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   [1]http://www.voanews.com/content/jpmorgan-secretly-hired-daughter-of-w
   en-jiabao-report/1789927.html

References

   1. http://www.voanews.com/content/jpmorgan-secretly-hired-daughter-of-wen-jiabao-report/1789927.html