Cyprus investigates money laundering involving former Chinese official

Authorities in the Republic of Cyprus are investigating allegations of money laundering involving the family of the late Chinese Communist Party official, Li Jianping. In 2019, Li Jianping was granted Cypriot citizenship under the country's investment program; however, he was arrested in China shortly thereafter for corruption and embezzlement involving 426 million euros. He was executed in December 2024 following his conviction.

The current investigation targets three individuals who obtained Cypriot 'golden passports': Li Jianping's son, Li Suchao, as well as family friend Cui Yuedong and his mother, Cui Meiji. Li Suchao is also wanted by Chinese authorities for fraud. Police suspect these individuals laundered illicit funds associated with Li Jianping's criminal activities. To secure potential proceeds of crime, the Cypriot police, acting through the Attorney General and MOKAS, have frozen two properties valued at 17 million euros: a 14.5 million euro estate in Limassol and a 2.5 million euro property in Tsada, Paphos.

The suspects remain at large, and authorities have been unable to locate them to serve legal documents. The investigation continues, focusing on the potential use of false information during the naturalization process.