Alleged Chinese spymaster’s luxury towers in Taipei suspected to be ‘bases’

Prosecutors believe alleged Chinese spymaster's luxury towers in Taipei are 'bases' for espionage in Taiwan

Taiwan News
Date: 2019/11/27
By: Keoni Everington, Taiwan News, Staff Writer

“Xiang Xin’s” luxury apartment blocks. (Google images)

TAIPEI (Taiwan News) — Prosecutors have discovered that a suspected spymaster and his wife have spent hundreds of millions of Taiwan dollars purchasing two luxury apartment towers, which investigators suspect were used as a "bases" for their espionage operations.

Citing a source in the Prosector's Office, TVBS reported that China Innovation Investment Ltd. (CIIL, 中國創新投資) CEO and alleged spymaster Xiang Xin (向心) and his wife, alternate board member Kung Ching (龔青), purchased two apartment towers in Taipei's Xinyi District three years ago, but never moved in. Investigators now believe the couple used the luxury towers as "bases for development in Taiwan."

Prosecutors determined the couple spent hundreds of millions of Taiwan dollars to purchase two luxury apartment buildings. The building in Taipei's Xinyi District is 12 years old and has 122 units, each covering about 90 ping (a ping equals 3.3 square meters), with the highest selling rate per ping being NT$1.68 million, according to the report.

The couple is said to have rarely lived in the buildings and instead chose to rent them out. In addition, the properties were not listed in their name, but rather a third person.

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