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Cross-border gambling fugitive Su Jiangbo's 85 London properties are to be confiscated by the UK, including a video.
【Caixin】 Another Chinese fugitive’s substantial assets in London are set to be seized by the UK. The UK Crown Prosecution Service (CPS) has recently obtained an order for an investigation into unidentified property and a temporary freezing order from the UK High Court. It plans to confiscate 85 properties in London owned by a Chinese national, valued at more than 81 million pounds sterling (about 738 million yuan RMB).
The UK Crown Prosecution Service has not released the person’s name, saying that this “Mr. X” is suspected of using illegally obtained funds to buy properties in the UK. If he cannot, within 3 months, prove that the funds used to purchase the properties were obtained legally, these properties will be confiscated.
As Caixin learned, this “Mr. X” is Su Jiangbo, a man from Fujian who is on the list of fugitives wanted by Chinese police.