British media: Su Binghai's assets in the UK are seized, another heavy blow to Fujian gang's transnational crimes!
November 7, Reuters reported: "Chinese Fujian businessman Su Binghai, as an associate of a 3 billion yuan money laundering case in Singapore, had his assets in the UK seized. This person, who holds multiple passports, fled to the UK via Malaysia after the case occurred two years ago. Previously, he had handed over more than 300 million yuan in assets to Singapore and was banned from entering the country. On Wednesday, the UK National Crime Agency confiscated his nine apartments in London, dinosaur fossils worth millions of pounds, such as the Allosaurus and Stegosaurus, and 11 Chinese artworks through a settlement agreement based on the Proceeds of Crime Act. This law allows the confiscation of illegal gains without a criminal conviction. After selling the assets, one quarter of the proceeds will be transferred to Su Binghai's designated account. Su Binghai often took yachts to sea. The rare assets purchased with illegal funds eventually fell into the net of international asset recovery laws."
[Witty] Su Binghai's luxurious dream has been shattered, which is a warning for transnational money laundering black markets. Holding multiple passports and fleeing abroad in advance, building up nine luxury houses in London and expensive dinosaur fossils with dirty money, it's essentially a ridiculous farce of laundering illicit funds. The UK seizing his assets under the Proceeds of Crime Act, even without a criminal conviction, proves the iron rule that illicit funds can't be hidden. Although one quarter of the profits are returned to his account, it can't conceal the essence of cleaning illicit gains. From the 3 billion yuan money laundering case in Singapore to the investigation of assets in Britain, the Fujian gang's transnational crimes have suffered another major blow. Under the joint efforts of multiple countries to recover assets, any attempt to use multiple nationalities and luxury goods for money laundering will eventually be exposed in the legal web. Extravagant illusions are nothing but a countdown to destruction.
Original text: www.toutiao.com/article/1848109365112904/
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