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Alleged Chinese spymaster and wife indicted for money laundering in Taiwan | Taiwan News

2021/04/09 17:19 Archived photo of Xiang Xin (right) and his wife  Archived photo of Xiang Xin (right) and his wife  (CNA photo) TAIPEI (Taiwan News) Chinese businessman Xiang Xin (向心) and his wife Kung Ching (龔青) were barred from leaving Taiwan for eight months after being indicted for money laundering, on top of allegations of spying for China, reports said Friday (April 9). The CEO of China Innovation Investment Ltd. (CIIL, 中國創新投資) and his wife, a board member of the company were first accused of involvement in spying activities in November 2019. While legal proceedings in that case have still not been completed, prosecutors accused them of having transferred NT$300 million (US$10.54 million) in illegal earnings from China to Hong Kong and then into Taiwanese bank accounts. They then used the money to buy luxury property in Taiwan, CNA reported.

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