Freeland imposes extraordinary measures to force out founding investors of Wealth One Bank with alleged ties to China

News Snapshot:

Open this photo in gallery: Insurance executive Shenglin Xian, left, grocery tycoon Yuangsheng Ou Yang, and property developer Morris Chen, right, were given 180 days, as of April 24, to sell their shares in Wealth One Bank. The bank, founded in 2016 and based in Toronto, caters to Chinese-Canadian clients.Handout Finance Minister Chrystia Freeland has instructed three of the founding investors of Wealth One Bank of Canada to divest their shares, and has also ordered the financial institution to comply with extraordinary national-security conditions intended to firewall its operations against the trio, who have faced federal scrutiny over alleged links...