He Was China’s Man in Panama. Then He Became a Wanted Man.
Key Points:
- Zhang Liang, a Chinese dealmaker, was arrested in Panama City in July after authorities acted on an Interpol red notice issued by China, seeking his extradition on embezzlement charges involving approximately $300 million.
- Zhang was detained immediately upon identification and has remained in custody since the arrest.
- His arrest marks a significant reversal for Zhang, who had been involved in facilitating Chinese influence in Panama, notably overseeing a major port project converting a former U.S. military base into Latin America's largest container terminal.
- The port project was strategically important for China, providing a foothold near the Panama Canal, a critical global trade route.
- Zhang's case illustrates the complexities and tensions in China's international dealings and its efforts to expand influence through infrastructure investments abroad.