China Mobile lays claim to Vancouver homes it says were bought with fraud funds


Source: scmp.com scmp.com

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Telecoms giant China Mobile is suing a former senior executive it accuses of fleeing to Canada amid an investigation into alleged fraud that it says cost hundreds of millions of yuan, and is laying claim to Vancouver real estate it believes he bought with the proceeds. Li Xiangdong – whom mainland media nicknamed the “godfather of music” for his dominant role in the musical ringtone and download sector – has appeared on Chinese wanted lists since at least 2015. He is alleged to have engaged in a series of “fraudulent schemes” from 2004 to 2009 in which he secretly owned...