A Hong Kong couple was recently charged with violating Taiwan’s money laundering regulations after being accused of being a Chinese spy by a defective Chinese military intelligence agency in 2019.
Hong Kong-based China Innovation Investment Ltd. (CIIL) and China Trends Holdings Ltd. CEO Xiang Xin and his wife Kung Ching have been charged with money laundering by the Taipei Provincial Prosecutor’s Office (TDPO). On April 8th, he was suspected of sending illegal money to a bank in Taiwan to buy a luxury home.
These are the first accusations against a couple since November 2019, claiming that the self-proclaimed Chinese spy in exile in Australia, Royal Strong, was his former boss who hired him to disrupt the situation in Taiwan and Hong Kong.
According to the press release (pdfOf the TDPOs, Xiang and Kung are Guotai Investment Holding (Group) Co, a Shanghai-based company in February 2016. We received HK $ 203 million (about $ 26 million) of illegal funds from Ltd. The parties have agreed that CIIL and China Trends Holdings will invest later. A subsidiary of Guotai has achieved its goal of washing funds.
The deal with Xiang cost Guotai HK $ 60 million ($ 7.7 million).
Taiwanese prosecutors raised 40 billion yuan (about $ 6.1 billion) in China from the end of 2011 to April 2016 by soliciting gold leases and other schemes through fake advertisements and fake financial statements. Claimed to have done.
However, Shanghai officials began investigating Cathay’s fraudulent financing on April 5, 2016, and its executive, Xu Qin, was arrested and sentenced to life imprisonment.
Xiang and Kung then transferred the money to bank accounts in Hong Kong and Taipei and then spent it in three luxury apartments in Taipei’s upscale Xinyi district.
A Taiwanese prosecutor has requested the court to confiscate assets in accordance with the Money Laundering Regulations Act, as it intends to cover up Guotai’s fraud by diversion to a listed company in Hong Kong.
CIIL and China Trends Holdings issued a joint statement on April 8, claiming that Xiang and Kung had nothing to do with Guotai’s crime.
According to the indictment, the two prosecutors are under investigation for violating Taiwan’s national security law.
Suspicion of spy
After Wang Li-chan was alleged to have spy on a Hong Kong couple, Sho and Khun stopped at Taoyuan International Airport in Taiwan on November 24, when they tried to leave the country.
In 2019, the king confessed to Australian intelligence agencies in an affidavit, claiming that both Xiang and Kang were intelligence agents with close ties to the Chinese military.
In a detailed statement previously provided in The Epoch Times, Wang served as the main front line for Chinese Communist Party (CCP) foreign espionage, including CIIL’s disruption of ongoing democratization and anti-CCP protests in Hong Kong. He said he did. Election interference in Taiwan.
After majoring in oil painting and being educated, Wang began working at CIIL in 2014. With the trust of Xiang, Wang entered the company’s “inner sanctuary” by taking Kang’s painting lessons and gained widespread access to insider knowledge of Chinese intelligence. , According to Nine Network.
According to Wang, Xiang changed his name from Xiangning Xin to Xiang Xin before being sent to Hong Kong by Chinese military personnel to acquire CIIL and investment firm China Trend Holdings.
According to Chinese media reports in 2008, CIIL has several contracts with Norinco, a US-approved state-owned defense company for selling missile technology to Iran.
Kang also worked at the China Defense Science and Technology Information Center under the Science and Technology Commission of the Central Military Commission.
Xiang and Kung have denied allegations of talks and espionage with Wang. CIIL also issued a statement on November 24, 2019, abandoning King’s claim as a former employee of the company.