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
Topic |   China Society
Ian Young
Ian Young in Vancouver

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
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Ian Young

Ian Young

Ian Young is the Post's Vancouver correspondent. A journalist for more than 20 years, he worked for Australian newspapers and the London Evening Standard before arriving in Hong Kong in 1997. There he won or shared awards for excellence in investigative reporting and human rights reporting, and the HK News Awards Scoop of the Year. He moved to Canada with his wife in 2010.

China Society