Exclusive | Family of ex-Chinese premier Wen Jiabao denies investing in offshore company with US hedge fund billionaire

The family of former Chinese premier Wen Jiabao has denied allegations that an American hedge fund billionaire invested in a company it also put cash into in an offshore tax haven.

The Voice of America said in a report in Chinese on its website that Tom Steyer had invested in the firm with ties to the Wen family that was incorporated in the British Virgin Islands in the Caribbean.

A source close to the family told the South China Morning Post that the report was a groundless and malicious fabrication.

It also denied investing in offshore firms.

“The family of Wen Jiabao has no connection to Tom Steyer and his investment activities,” the source said. “The family of Wen Jiabao did not participate in investment activities through offshore companies. Wen’s family is outraged by the VOA’s rumours and preserves all rights to pursue the matter legally.”