CHINESE FUGITIVE USES SAINT KITTS CBI PASSPORT TO PURCHASE £81m IN HIGH-END LONDON REAL ESTATE WITH IMPUNITY

SU JIANGBO, wanted in China for allegedly running an illegal casino gambling operation, used his SAINT KITTS & NEVIS CITIZENSHIP BY INVESTMENT passport to purchase 85 newly-built luxury properties worth £81m of London real estate. Su used his SKN CBI passport to incorporate a dozen UK companies to take title to the expensive realty, which included a penthouse worth the equivalent of $13m, and $24m of properties at Trytpych Bankside. Law firms listed as being involved in representing the UK corporate purchasers have been identified by the Organized Crime and Corruption Reporting Project (OCCRP) as Zhon Lun Law Firm, Riseam Sharples, and Ackroyd Legal LLP .

The Crown Prosecution Service has frozen the properties, pursuant to Unexplained Wealth Orders and Interim Freezing Orders.The arrest warrant from China includes 38 other individuals; Su is not in British custody, and is believed to be somewhere in Southeast Asia, possibly Cambodia, at this time. Efforts by media to contact him for comment after the UK properties were frozen were unsuccessful. Given the sordid history of the use of Citizenship By Investment passports issued by the five Caribbean CBI and CIP states, especially Saint Kitts and Saint Lucia, the failure of compliance officers at UK banks to immediately block transactions, until an enhanced due diligence investigation are conducted, to confirm Source of Funds and Source of Wealth, should be considered professional negligence, if not willful blindness. Frankly, I would redline all transactions, where Saint Kitts passports are used for identity purposes, until the client is cleared by an opinion of outside legal counsel. Was nobody in the UK paying attention to the fraud, money laundering and fraud revealed in the MSR Media cases?

Sample SKN passport