The Taipei District Court yesterday acquitted China Innovation Investment Ltd (中國創新投資) executive director Xiang Xin (向心) and his wife, acting director Kung Ching (龔青), of money laundering charges.
Xiang and Kung were accused of laundering money from the now-defunct Guotai Investment Holding Group (國太投資), a Shanghai-based firm, to an account under the couple’s name in Hong Kong before transferring the funds, about NT$300 million (US$10.71 million) to China Innovation Investment to purchase real estate in Taipei’s Xinyi District (信義).
LACK OF PROOF
The couple were unaware that the money from Guotai Group was sourced by criminal means, nor could it be proved that
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Taipei prosecutors indict couple in Chinese spy case
By Jason Pan / Staff reporter
The Taipei District Prosecutors’ Office yesterday charged Xiang Xin (向心), a suspected Chinese intelligence officer, and his wife, Kung Ching (龔青), with money laundering and breaches of the National Security Act (國家安全法) in a case related to self-professed Chinese spy William Wang Liqiang (王立強).
Mainland Affairs Council (MAC) spokesman Chiu Chui-cheng (邱垂正) said that the council respects the judiciary, declining to comment on an individual case.
The Chinese government has been using Taiwan’s democracy and freedoms to infiltrate society, Chiu said, adding that the government must tighten laws when necessary.
Suspected Chinese intelligence officer Xiang Xin, left, and his wife, Kung Ching, right, leave the Taipei District Prosecutors’ Office in an undated photograph.