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Chinese-led money laundering syndicate busted in Spain
By Li Qian |
October 23, 2012, Tuesday
|
Online Edition
Online Edition
Chinese art dealer Gao Ping, the alleged leader of a massive Chinese-Spanish money laundering ring involved in cases worth 1.2 billion euro (US$1.57 billion), is among the 83 people arrested in Spain.
Gao, 40, is a high-flying member of the Chinese immigrant community in Spain and a member of the Zhejiang Committee of the Chinese People's Political Consultative Conference, a political advisory body in Zhejiang Province.
He was accused of smuggling goods, trafficking drugs and firearms, and organizing prostitution in the past four years, Chongqing Morning Post reported today.
Of the 83 suspects rounded up last week as part of the "Operation Emperor," 58 are Chinese nationals, including Gao's two sons. Seventeen are Spanish citizens, including a city councilor and a porn movie star.
The operation was centered mainly in Madrid and Barcelona. Authorities seized 200 vehicles and 10 million euro in cash and froze 120 bank accounts.
"Gao still refuses to make confessions," one of his friends told the newspaper. Several Chinese businessmen have been released on bail, he added.
The high-profile Gao owns hundreds of chain stores in Spain, two shopping malls in Spain and Italy, and an art gallery in Beijing. He became a member of the political advisory body in his native province in 2008.
Gao, 40, is a high-flying member of the Chinese immigrant community in Spain and a member of the Zhejiang Committee of the Chinese People's Political Consultative Conference, a political advisory body in Zhejiang Province.
He was accused of smuggling goods, trafficking drugs and firearms, and organizing prostitution in the past four years, Chongqing Morning Post reported today.
Of the 83 suspects rounded up last week as part of the "Operation Emperor," 58 are Chinese nationals, including Gao's two sons. Seventeen are Spanish citizens, including a city councilor and a porn movie star.
The operation was centered mainly in Madrid and Barcelona. Authorities seized 200 vehicles and 10 million euro in cash and froze 120 bank accounts.
"Gao still refuses to make confessions," one of his friends told the newspaper. Several Chinese businessmen have been released on bail, he added.
The high-profile Gao owns hundreds of chain stores in Spain, two shopping malls in Spain and Italy, and an art gallery in Beijing. He became a member of the political advisory body in his native province in 2008.
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