FLASH NEWS
FLASH NEWS
Wednesday, January 20, 2021

Hong Kong chief Carrie Lam has ‘piles of money at residence,’ no checking account, because of U.S. sanctions


“I’ve piles of money at residence, the federal government is paying me money for my wage as a result of I don’t have a checking account,” Lam added.

The best rating official within the semiautonomous territory, Lam stated she didn’t wish to deter individuals from coming into Hong Kong’s public service due to the sanctions. “To be so unjustifiably sanctioned by the U.S. authorities is an honor,” she stated.

Lam is paid round 5.21 million Hong Kong {dollars}, roughly $672,000, a yr, making her among the many highest paid public officers on the planet.

Regardless of her bravado, Lam’s remarks had been extensively welcomed by her critics. Some activists famous that it appeared to counsel that even Chinese language banks had been complying with American monetary restrictions.

“Lam says that no banks are prepared to supply monetary providers to her. Not even Chinese language state banks,” Nathan Regulation, a outstanding Hong Kong activist who fled the nation this summer season, wrote on Twitter. “Her wage is paid in money and she will be able to solely spend in money. What does it suggest?”

Lam was amongst 11 prime Hong Kong officers who had been focused with focused U.S. sanctions in August. The Treasury Division stated the sanctions had been a response to “draconian” nationwide safety laws China has imposed on Hong Kong, which lays the groundwork to jail protesters and censor critics.

As chief govt of Hong Kong, Lam was “straight answerable for implementing Beijing’s insurance policies of suppression of freedom and democratic processes,” the Treasury stated in a press release saying the sanctions.

The sanctions meant that Lam and the opposite Hong Kong people had been added to the Specifically Designated Nationals and Blocked Individuals Record (SDN record) maintained by Treasury’s Workplace of International Belongings Management.

Inclusion on the record primarily bars any companies with vital U.S. hyperlinks from working with the person and blocks entry to all property or different belongings that the people have inside U.S. jurisdiction.

Lam initially prompt that the sanctions on her had been solely a minor inconvenience. In August, shortly after the sanctions had been introduced, she posted on Fb that the tackle on her designation was fallacious and that she would cancel a U.S. visa she utilized for in 2016.

Later within the month, the Hong Kong chief govt informed an interviewer from Chinese language state media that her “use of bank cards is form of hampered” however added that the restrictions had been “actually meaningless so far as I’m involved.”

However there had been some indicators that the sanctions designation had precipitated extra severe issues for Lam’s household.

Hong Kong media reported in August that her 26-year-old Joshua Lam had returned to Hong Kong from the US, the place he had been finishing a doctorate in arithmetic at Harvard College, across the time the sanctions had been introduced.

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