A new lengthy B.C. Supreme Court judgment reveals the complicated financial and real-estate legerdemain gatekeepers face trying to regulate ultra-wealthy Chinese investors in Canada.
Those on both sides in the litigation, who called each other liars, acted as if they cared little about financial transparency or honesty in record-keeping even in deals involving sums that would stagger ordinary Canadians.
As a result, the court concluded it was virtually impossible to “follow the money” to determine who paid what and who truly owned three multi-million homes on Vancouver’s west side.
Full story available here: http://vancouversun.com/opinion/columnists/chinese-legerdemain-taken-for-granted