The Taipei District Attorney’s Office on Thursday (April 8) charged Xiang Xin and his wife, Gong Qing, with money laundering for allegedly violating the Money Laundering Prevention Act, and initially ruled that the couple should continue to be restricted from leaving the country for eight months.
Mr. and Mrs. Xiang Xin are also involved in the “spy case”. Wang Liqiang, a man who claims to be a Chinese spy, alleges that China Innovation Investment Corporation, which Xiang Xin chairs, has invested in Taiwan’s media industry and established secret ties with television stations in order to give China control over those media outlets and influence Taiwan’s elections. He also said that China Innovation Investment was established under the General Staff of the People’s Liberation Army and that Xiang Xin was a senior Chinese military spy.
When Xiang Xin and his wife were about to leave the country from Taiwan in November 2019, they were stopped by Taiwan’s investigative unit for questioning and were subsequently restricted from leaving the country as well.
According to RFI, Taiwanese law stipulates that judicial bodies may not restrict the departure of defendants for more than 14 months at the longest. Taiwan prosecutors’ restrictions on the Xiangxin couple’s departure will expire at 00:00 a.m. on April 13, and since there is still insufficient evidence in the communist espionage case, the Xiangxin couple will be free to leave the country at that time, so Taiwan’s judicial community believes that the money laundering case was used to prosecute the couple mainly so that they could remain in The couple will be able to stay in Taiwan to be investigated.
The Taipei District Attorney’s Office said in a press release that the mainland man Xu and others had set up Cathay Investment Holding Group Co. and illegally raised more than 40 billion yuan between 2011 and 2016.
In order to conceal the proceeds of crime, Guotai wired HK$203 million to Xiangxin’s China Innovation and other companies to become major shareholders and listed on the shell, “creating the effect of concealing and concealing the destination of the proceeds of crime by listing on the shell in Hong Kong. He then used the status of the two Hong Kong-listed companies to return to the mainland to invest in Cathay’s subsidiaries, allowing Cathay to retrieve the proceeds of crime.
The press release also said that the defendant Xiang intended to conceal and conceal the source of the proceeds of crime of Cathay’s violation of banking law and fraud, so that Cathay could escape criminal prosecution, and then also transferred the proceeds of crime to the Hong Kong listed companies operated by the defendant Xiang, and purchased real estate on the 10th and 14th floors of Xinyi District, and transferred the real estate to be registered in the names of the defendant Xiang and Gong. “Disguise and conceal the nature, source, destination and location of the proceeds of crime of Cathay Pacific.”
Xiang Xin said in a statement that the Taiwanese prosecutor’s logic was confused, since he alleged that he and Gong Qing were co-spies, “would it be reasonable for a co-spy to launder funds from a communist area to an enemy area.”
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