Yu Shunhui is a prominent Hong Kong property developer who has cultivated an image as a philanthropist and an avid supporter of the Chinese Communist Party. But his business empire, we reveal, has a darker side that stretches all the way to Canada.
Documents obtained by OCCRP show that Yu owns a company called Everwell Knight Limited, which Canadian authorities say helped launder cash for the alleged organized crime member and self-described loan shark Paul King Jin.
The Big Picture: Illicit money flows from China have become a key issue in Canadian politics, especially in British Columbia, where real estate and financial transactions can be difficult to trace. This story shows how dirty money was allegedly moved through the province’s property market.
Our Data & Sources: This investigation is primarily based on 1) documents filed at the British Columbia Supreme Court by the province’s Civil Forfeiture Office 2) Hong Kong corporate records 3) Interviews with Canadian prosecutors.
