U.K. Moves to Seize $108 Million in London Property From Chinese Fugitive
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U.K. authorities are moving to confiscate 85 London properties worth more than 81 million pounds ($108 million) linked to a Chinese fugitive wanted for running an illegal cross-border online gambling syndicate.
The U.K. Crown Prosecution Service (CPS) recently obtained an unexplained wealth order and an interim freezing order from the High Court against an unnamed Chinese national, giving him three months to prove the funds used to buy the properties were legitimate. Caixin has learned from sources with knowledge of the matter that the suspect is Su Jiangbo, a Fujian province native sought by Chinese police.
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- UK CPS obtained unexplained wealth and freezing orders for 85 London properties worth £81M ($108M) linked to Chinese fugitive Su Jiangbo.
- Su allegedly ran illegal online gambling syndicate targeting China, generating 731M yuan ($106M) revenue (2019-2021) via apps from SE Asia bases.
- Su, wanted in China since 2023, owns 13 UK companies; UK uses Proceeds of Crime Act against illicit Chinese assets.
- Zhong Lun Law Firm
- Zhong Lun Law Firm's London office provided services for purchases of the 85 London properties linked to Chinese fugitive Su Jiangbo. The office was liquidated in early 2026.
- Tianjin Lantian Gerui Electronic Technology Co., Ltd.
- UK authorities confiscated property tied to the massive cryptocurrency fraud by Tianjin Lantian Gerui Electronic Technology Co., Ltd., as a prior case under the Proceeds of Crime Act targeting illicit wealth from Chinese financial crimes.
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