UK Crown Prosecution Service Tells Chinese Victims in 60,000 Bitcoin Qian Zhimin Case: Progress Needed Under Proceeds of Crime Recovery Act 2002 Before Interstate Contacts Are Made

On October 24, the UK 60,000 bitcoin money laundering case, Tianjin Lantian Gerry 43 billion yuan illegal fund-raising case main criminal Qian Zhimin (pronounced, alias Zhang Yadi) has been in London Sassac Crown Court to accept the trial of all the money laundering charges have pleaded not guilty, an investor disclosed that the day of the trial, they have also sent a representative and commissioned the cross-border asset disputes lawyers group to listen to the trial. The commissioned lawyers have already helped the creditors to submit a civil recovery application to the UK High Court. In this regard, the Crown Prosecution Service (CPS) issued a public notice on October 22 specifically informing the Chinese victims that it had initiated civil recovery proceedings earlier this year in respect of the assets frozen by the British side from Qian Zhimin and others, and that interstate contacts would not be made until the proceedings had progressed to the point stipulated under section 281 of the Proceeds of Crime Recovery Act 2002 (POCRA). The Crown Prosecution Service (CPS) initiated civil recovery proceedings in the High Court earlier this year, and if no other person or entity claims a right to the criminal assets, half will go to the British police and the other half to the British Home Office, with the aim of facilitating the disposal of the proceeds of crime, as well as deterring further crime.

Translated with DeepL.com (free version)