The Carlyle Group, a global private equity underwriter (PEU), announced two new Chinese websites. Their press release stated:
Global alternative asset manager The Carlyle Group today launched a Chinese-language website [www.carlyle.cn (simplified Chinese), and www.carlyle.tw (traditional Chinese)] dedicated to audiences in mainland China, Hong Kong and Taiwan. The comprehensive website provides Chinese audiences with up to date information about Carlyle’s activities.
Will it translate the ruling from investor Michael Huffington's $25 million lawsuit against The Carlyle Group? Will it reveal the results of wrongful death lawsuits against Carlyle's LifeCare Hospitals? Twenty five patients died during the aftermath of Hurricane Katrina and Carlyle is vigorously fighting lawsuits.
Will it push "ready to eat" food from new Carlyle affiliate CP Pokphand? Will Carlyle sell cadmium tainted children's jewelry in a country with scant consumer protections (the same place that manufactured the toxic rings)?
Might Carlyle ask China to finance their deals, like Uncle Sam's $4.9 billion subsidy for BankUnited?
Something's fishy about Carlyle's Chinese website. I expect the same shadow transparency as the PEU's last two "annual reports." One thing's for sure, Carlyle knows how to sell.