B.C.-based Chinese currency exchange implodes amid tangle of lawsuits and failed transfers - News Summed Up

B.C.-based Chinese currency exchange implodes amid tangle of lawsuits and failed transfers


Xiao claims she's the victim — pointing the finger instead at another Lower Mainland resident who is at the centre of a tangle of civil claims related to what appears to be a failed money exchange and customers seeking millions in debts. In her affidavit, Weihua Xiao claims she "feels terrible" for advising the woman suing her that money transfers were "completely safe." A Chinese bank clerk counts Chinese renminbi banknotes at a bank. The sign says the foreign exchange business has moved: "I'm the landlord. None of the claims against Xiao, Liu or Dong have been proven in court.


Source: CBC News September 03, 2021 12:00 UTC



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