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Dirty Cash Probe Finds Booming Vancouver-China Luxury Car Trade

  • Thriving grey market involves straw buyers, exporters, dealers
  • Grocery bags of cash hauled into dealerships to purchase cars
Aerial Views Of Canada's Most Densely Populated City As Investors Lift Canadian Commercial Real Estate To Record Quarter
Photographer: James MacDonald/Bloomberg

Grocery bags full of cash hauled into car dealerships. Gangsters paying for auto leases with proceeds of crime. A thriving grey market in which Chinese buyers pay people to purchase cars in Vancouver and claim millions of dollars in sales tax refunds.

Those are some of the scenes uncovered by the provincial government’s latest probe into dirty money in the Vancouver area, a city already under scrutiny for the role its casinos played over years as "laundromats" and the torrent of foreign cash that fueled Canada’s most expensive real estate market.