Paul King Jin recently filed a response to previously made allegations in relation to his bank draft keeping some CA$25,000 safe. The individual made it clear that the amount is not the proceeds of crime operation. Earlier this year allegations relating to him were to the likes of money laundering, management of an illegal gambling den, as well as extortion.
It could be recalled that the beginning of this year was quite eventful when it comes to British Columbia-related money laundering allegations. The British Columbia Civil Forfeiture Office filed a claim in the provincial Supreme Court. A CA$25,000 bank draft was located in his personal car and it was later on linked to Great Canadian Casinos.
Money Laundering in B.C.
The claim filed stated that the said amount of Canadian dollars should be seized, as it may be the proceeds of organized crime overseen by Mr. Jin. Paul King Jin’s name has been mentioned in the past in relation to money laundering allegations. He is known for operating as a loan shark across the Lower Mainland.
Casino locations such as River Rock Casino in Richmond, overseen by Great Canadian Gaming have been a regular location for him. Thanks to their diverse portfolio, they were perceived as hotspots for all gambling enthusiasts. Moreover, the organized crime perceived casino locations across British Columbia as laundromats that could help their future operation once crime proceeds have been washed.
Mr. Jin’s activities included cash delivery for high rollers willing to pay more once they have spent their initial stack of cash. He was there with duffel bags filled with cash money ready to be laundered through the gambling activity. Reports have shown that he has been most active over the span of three years between 2012 and 2015. He was able to see the cash transactions despite his ban from casino venues.
Civil Forfeiture Office
Previous allegations highlight River Rock Casino as one of the hotspots for his loan shark operation. British Columbia Lottery Corporation considered him an extreme risk type of individual which had prompted his ban from casino venues in British Columbia in 2012. Regardless of this, he was still able to supposedly wash some CA$4.2 million at River Rock Casino in Richmond over 2014 and 2015.
Now, Mr. Jin, represented by lawyer Bibhas Vase, claims that there is no legal basis for the aforementioned civil forfeiture claim. He made it clear that the money in the bank draft was never linked to a criminal operation, as they had been lawfully acquired. He also made it clear that his Charter rights had been violated when the Combined Forces Special Enforcement Unit BC seized the vehicle back in May 2017.
Mr. Jin made it clear in his statement that he was not thoroughly informed regarding the arrest and the subsequent detention. It could be recalled that his name was mentioned in the E-Pirate money-laundering investigation, the largest one in British Columbia, which commenced in 2015. Mr. Jin, as well as spouses Caixuan Qin and Jain Jun Zhu associated with underground bank Silver International.
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