[sandworm101]

>> 4. Pay back the loan from clean sources.

Except that the source is not in fact clean. China forbids the transfer of such wealth out of the country. But this system accomplishes exactly that. (Settlement of debt is a form of wealth transfer.) It isn't clean. only apparently clean. So the loan on the house has been paid off using dirty money, a proceed of a Chinese crime, and therefore could theoretically be seized through civil forfeiture.

[privacypoller]

This settlement between two foreign subsidiaries for a transaction in another jurisdiction should sound familiar - it's what global multinationals have been doing for decades. While it could theoretically be viewed as a domestic crime in China, the reality of bringing action against them from Canada is virtually nil.