An investor who has been linked to a banking scandal in his native China is reportedly involved in $500 million of real estate deals in British Columbia.

An investigation by Postmedia and due diligence firm IPSA International has found that Kevin Sun is the founder of Sun Commercial Real Estate which has invested heavily in BC real estate in the last 3 years.

Sun’s lawyer has denied that he is involved in a banking fraud in China: “As far as my client knows, there are no ‘Chinese police warrants’ in China for Kevin Sun (under that or any other name) nor are there any RCMP files in relation to same,” he told Postmedia.

However, Postmedia says that Canadian authorities including RCMP and the BC Securities Commission are aware of Chinese investigations involving Sun and his company’s CEO Davidson Guo.
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: