Accused in murder of Vancouver money launderer facing direct indictment

Posted: September 5, 2022, 5:21 a.m.

Last update on: September 5, 2022, 05:21h.

Canadian federal prosecutors will proceed by direct indictment in the case against two men accused of participating in the murder of a notorious casino money launderer, Richmond News reports.

Zhu
Zhu (left) was shot dead while having dinner with suspected money launderer Paul King Jin (right) at Manzo Japanese restaurant in Richmond. Zhu died a day later. Jin was injured but survived. (Image: Casino.org)

Richard Charles (Ricky) Reed is charged with the first degree murder of Jian Jun Zhu, who was shot while dining at Japanese restaurant Manzo in Richmond, Metro Vancouver. The co-defendant, Yuexi Lei, is accused of complicity after the fact.

Proceeding with a direct indictment means that cases will be sent directly to trial, bypassing preliminary hearings to assess sufficient evidence. This is a special power that can only be exercised by the Attorney General of Canada or the Deputy Attorney General in “circumstances involving serious breaches of the law and when it is in the public interest to TO DO “.

According to the Public Prosecution Service of Canada website, such situations may include, but are not limited to, when an investigation is underway or when witnesses may have been intimidated or threatened.

sergeant. David Lee of the Integrated Homicide Investigation Team said after Reed was charged last November that there were other people involved in the crime and the investigation was continuing.

drug money

Authorities believe Zhu was the center of a large-scale money laundering operation that took hundreds of millions of dollars from Vancouver-area casinos.

He was shot while having dinner with Paul King Jin, also a suspected money launderer, on September 18, 2020. He died the next day in hospital. Jin was injured in the attack but survived.

Zhu owned the Silver International exchange company in Richmond with his wife Caixuan Qin. Prosecutors believe Silver was a front for an underground bank linked to South American drug trafficking and fentanyl factories in China’s Guangdong province.

The operation may have laundered up to $250 million a year through casinos. He took dirty money from drug gangs and lent it to big players on trips from China, eager to circumvent strict controls on moving money out of their home countries.

At that time, BC casinos were only too willing to accept large sums of money in small denominations. The big Chinese players could then choose to play a minimum, before converting their chips into checks.

Silver reportedly uses a network of Chinese bank accounts to receive payments from big players and pay off criminal gangs.

things are falling apart

Zhu and Qin were charged in 2017 and the case has been billed as the largest money laundering prosecution ever undertaken in Canada. It was the culmination of Operation E-Pirate, a massive RCMP investigation into criminal money laundering networks.

But the case aborted in 2019 due to a procedural defect. Prosecutors inadvertently leaked the name of a key secret government witness during a standard evidence disclosure. Federal prosecutors determined that continuing would put the witness at a “high risk of death,” and the judge stayed the case.

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