“…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.
The investigations are unfolding as Mr. Adelson has become an increasing presence in this year’s presidential election – contributing at least $35 million to Republican groups.
On Tuesday, Mitt Romney’s running mate, Representative Paul D. Ryan, is to appear at a fund-raiser at the Sands’s Venetian casino in Las Vegas;-
- Mr. Adelson is likely to attend, according to a person close to him…”
(cont..)
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Sheldon Adelson’s Dealings in China Are Under Investigation – NYTimes.com.
