Court ruling releases $2 million back to accused in B.C.’s biggest money-laundering case
16 Sep 2019

A B.C. Supreme Court judge has ruled that an interim freeze of assets in B.C.’s biggest money-laundering case was done improperly, and has ordered the release of $2 million in cash to the accused.

In a ruling released Friday, B.C. Supreme Court associate chief justice Heather Holmes concluded the Civil Forfeiture Office did not provide a fair and complete legal basis to consider the need for an urgent freeze on the cash, a $2-million house, casino chips, gift cards and jewelry.

Providing a fair and complete legal basis was particularly important, according to Holmes’ ruling, given that the decision took place in an ex parte hearing, where the defence lawyer was not present.

As a result of her findings, Holmes agreed to another freeze order on the other assets, but excluded the cash.

In the civil forfeiture suit, Caixan Qin and her spouse Jian Jun Zhu are accused of running an underground bank in Richmond, called Silver International, that allegedly laundered as much as $220 million a year.

The pair have denied any wrongdoing and said that search and seizures violated their Charter rights.

The release of the cash back to the accused is a major development in the civil forfeiture case that was launched immediately after criminal money-laundering charges were stayed against Qin and Zhu in late 2018.

The threshold for proving a civil claim is lower than for a criminal conviction, a balance of probabilities rather than beyond a reasonable doubt. Provincial prosecutors were hoping to hit the accused in the pocketbook.

However, the $2 million represents the bulk of the assets as the house, which recently sold for $1.88 million, was heavily mortgaged to the tune of $1.66 million. The net proceeds of the sale are to be paid into the court pending the final outcome of the case.

By Gordon Hoekstra, Vancouver Sun, 13 September 2019

Read more at Vancouver Sun

Photo: a.canvas.of.light [CC BY 2.0], via Wikimedia Commons

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