Langstaff Gateway Condos floor plan. Wealthy Chinese businessmen in Canada falsify and break their promises. In recent years, overseas “farces” and “ugly dramas” of Chinese have been staged from time to time.Please Visit: Langstaff Gateway Condos floor plan to Get Your VVIP Registration Today!
However, after the actions of the two Chinese families in Canada were disclosed by the British Columbia High Court, it was still saddening and indignant. The “all-round deception trick” shown by the plaintiffs has once again damaged the reputation of the Chinese.
Just after New Year’s Day in 2018, the High Court of British Columbia, Canada, awarded a legal action. The plaintiff and the defendant are both immigrants from China more than a decade ago, namely the Fu family and the Zhu family. After the Fu family emigrated to Prince Edward Island in 2010, they cooperated with the Zhu family to invest in Vancouver real estate. In just three years, the two sides spent $8.31 million on three luxury homes. At that time, the Zhu family had not yet emigrated to Manitoba, Canada. Such a huge amount of financial cooperation shows that the relationship between the two companies is extraordinary.
However, when one of the properties was sold in 2014, the two families turned against each other and went to court. The Fu family filed a complaint with the British Columbia High Court, asking the court to rule that they independently own the property rights of three luxury houses. Judge Susan Griffin (Susan Griffin) thought it was just a common business dispute, but when she entered the trial, she found that there were many “hidden secrets” in it.
The Fu family and the Zhu family had business cooperation when they were in China, often with millions of RMB or US dollars. According to legal documents, they have disputed as many as 174 transactions after the cooperation between China and Canada, but such frequent financial exchanges have left no contracts or other forms of written transaction agreements, almost all of which are verbal agreements.
Court documents show that the form of the deal is complicated and completely inconsistent with Canadian laws and regulations. Some transactions borrow money in one country and are repaid in another, some use false information and false beneficiaries, some mask the true source of funds, and some are dispersed to Canada like ants moving. “both families believe that it is best to hide the real owner when buying a property.” Judge Griffin wrote.
In the absence of supporting documents, the trial of the case can only depend on the credibility of the two families. But when the judge checked the plaintiff’s credit history, he was even more surprised. The plaintiff, who owns textile and distribution companies in China, is a genuine tycoon, but his worldwide income reported to the Canadian Inland Revenue Agency is only C $97.11; the plaintiff transferred funds from China to Canada 21 times through employees; the plaintiff applied for the Prince Edward Island immigration program, but devoted most of his energy to investing in Vancouver real estate. The plaintiff’s son did not live in Canada for a full legal time, but retained his permanent resident status by deceiving the Immigration Service.
After analyzing the plaintiff’s complaint and credit, Judge Griffin found that the overall evidence of the defendant, especially about the three properties, was more reliable than the plaintiff, so he ruled that the defendant was the only beneficiary of two properties in Vancouver and owned 50% of the other property.
This case not only made the Fu family lose both the husband and the soldier, but also shocked the Canadian legal profession and humiliated the Chinese community. Sam Hyman, a Vancouver immigration lawyer, said the case “gives us a clear view of those who abuse our immigration and real estate system”, while David Les Perance (David Lesperance), a Toronto immigration and tax lawyer, stressed that “the choice of both sides to completely expose their illegal behavior in public reflects their ignorance or arrogance”. It is “the long-standing deficiency of Canadian immigration law and tax law enforcement system”.
