B.C.’s civil forfeiture office is suing to seize more than $5.3 million in cash and assets from a Richmond man who was a key target of an RCMP investigation into the biggest money laundering case in B.C. history.
Named in the suit filed in B.C. Supreme Court last week are Paul King Jin, his wife Xiaoqi Wei, and several others, including Jin’s niece, Yuanyuan Jia, who is alleged to own a condo on Jin’s behalf.
The civil forfeiture office is seeking $4.86 million in cash and assets including a mortgaged Richmond condo on Jones Road valued at $764,000; a 2011 Porsche 911 the office says is owned in someone else’s name but beneficially belonging to Jin; $45,000 in chips from the River Rock and Edgewater casinos; and various other items including computers, cellphones, gambling equipment and jewelry.
The cash and assets, except the condo, were all seized during police raids in 2015 during the RCMP’s E-Pirate investigation that uncovered an underground bank, Silver International, that allegedly laundered as much as $220 million a year, and possibly as much as $1 billion. Police allege clients of the bank included local drug traffickers, high-roller Chinese gamblers and members of Mexican drug cartels.
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