In July, the Head of the NSC secret police Tashiyev wrote to the General Prosecutor calling for not only Jehovah's Witness literature to be banned, but the community as a whole. The secret police raided the centre in March 2021, seizing documents and electronic devices (see below). The suit comes as the NSC secret police continues to investigate a criminal case opened in December 2019 against so far unspecified representatives of the Jehovah's Witness national centre in Bishkek on charges of inciting hatred. Here's how billionaire investors like Philippe Laffont are playing the chaos.The 16-page General Prosecutor's Office suit – seen by Forum 18 – quotes word for word a claim by the Head of the NSC secret police Kamchybek Tashiyev that Jehovah's Witness teaching "is contradictory and oriented towards people who don't know the fundamentals of religion and the Bible" and that it is based on "the personal views of the founders of the organisation who misinterpret the Bible" (see below). Read more: China's regulatory crackdown has been squeezing hedge fund favorites like Didi and JD.com. JPMorgan boss Jamie Dimon apologized in November for making a joke that his bank would outlast the Chinese Communist Party. Hedge fund titan George Soros slammed BlackRock earlier this year, saying the asset manager's big push into China is a "tragic mistake." Many investors and institutions are grappling with the thorny issue of China. The tennis player accused a senior member of the Chinese Communist Party of sexual misconduct, and was then not seen for about three weeks. Most recently, human rights groups, governments and the Women's Tennis Association have raised concerns about the fate of Peng Shuai. The Chinese government has long been accused of stamping down hard on dissidents, including the removal of high-profile figures from public view. In addition, he said he weighs the pros and cons of investing in China in light of human rights issues, although he did not directly address Beijing's alleged activities. He explained his investments in China by saying Bridgewater's clients "rely on us to invest in the best possible ways in all the countries."
"I was not expressing my own opinion or endorsing that approach." "Confucianism is based on the family, and that extends into their governance, which is a more autocratic approach," he wrote. Romney tweeted last week: "Ray Dalio is brilliant and a friend, but his feigned ignorance of China's horrific abuses and rationalization of complicit investments there is a sad moral lapse."Īt the weekend, the American investor said he was attempting to explain what a Chinese leader had once told him about Beijing's approach to governing. Those comments drew a strong backlash, with Senator Mitt Romney saying Dalio's investments in China were "a sad moral lapse."ĭalio, the founder and chief investment officer of Bridgewater Associates, the world's biggest hedge fund, raised $1.3 billion for a new Chinese private fund, according to Bloomberg.
In response, the investor said he "can't be an expert in those things," but went on to compare Beijing to a "strict parent." Last week, Dalio was asked about China's human rights record by CNBC's Andrew Ross Sorkin, in light of the disappearance of top tennis player Peng Shuai from the public eye. He added: "I'm sorry my answer lacked that nuance and caused confusion." "I sloppily answered a question about China from Andrew Ross Sorkin that created a misunderstanding of my views," Dalio tweeted Sunday evening. The Bridgewater boss is making big moves in China, and is one of many caught up in a debate about investing there.īillionaire investor Ray Dalio said he answered a question on China's human rights record "sloppily," which led to a "misunderstanding" of his views, speaking as he defended his investments in the country.Īfter coming in for criticism for comments made to CNBC last week, Bridgewater Associates boss tried to clarify his position in Twitter thread and a post on LinkedIn over the weekend.Last week, the billionaire investor likened Beijing to "strict parents" when asked about China's record.Ray Dalio said he "sloppily answered" a question on Chinese human rights, which led to a misunderstanding.Ray Dalio has raised $1.3 billion for a private fund in China, according to Bloomberg.
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