A Lamborghini Huracan Performante at the Shanghai auto show. A Lamborghini typically costs more than twice as much in China as it does in Canada, helping spur a massive grey market for such luxury vehicles. Photo: Simon Song
A Lamborghini Huracan Performante at the Shanghai auto show. A Lamborghini typically costs more than twice as much in China as it does in Canada, helping spur a massive grey market for such luxury vehicles. Photo: Simon Song
China /  Money & Wealth

Chinese cash fuels vast luxury car money-laundering scheme in Canada, involving thousands of fake buyers

  • Report finds explosion in Canadian grey market worth US$410 million last year
  • More than 4,000 fake buyers help China’s wealthy dodge sales taxes

Ian Young
Ian Young

Updated: 3:53am, 9 May, 2019

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A Lamborghini Huracan Performante at the Shanghai auto show. A Lamborghini typically costs more than twice as much in China as it does in Canada, helping spur a massive grey market for such luxury vehicles. Photo: Simon Song
A Lamborghini Huracan Performante at the Shanghai auto show. A Lamborghini typically costs more than twice as much in China as it does in Canada, helping spur a massive grey market for such luxury vehicles. Photo: Simon Song
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