BCH Group Launders 4.5 Billion NTD in Taiwan! "101 Building Gaming Empire" Wang Yutang Detained Pending Investigation

BCH Group Involved in Money Laundering in Taiwan, Taipei District Prosecutors Find Multiple Shell Companies Established by the Group, Purchasing Luxury Homes and Cars to Conceal Illegal Gains. On November 4, investigators and police conducted searches and detained 25 executives and employees of the group in Taiwan, seizing illegal proceeds worth 4.5 billion NT dollars. After questioning, HR director Gu Shuwen, involved in illegal gambling money laundering activities at Tianxu Company, was remanded. On the 5th, Tianxu’s responsible person Wang Yutang, along with Huang Jie and Shi Tingyu, who are on the US sanctions list, were transferred for further interrogation.

US Sanctions List Sparks 4.5 Billion Money Laundering Network

The case originated from the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, which on the 14th of last month announced sanctions against nine companies and three Chinese nationals—Huang Jie, 35-year-old Shi Tingyu, and Wang Leixuan—linked to BCH Group within Taiwan. The Taipei District Prosecutors Office is investigating the group’s involvement in money laundering, gambling, organized crime, and fraud, collaborating with U.S. authorities to dismantle the transnational criminal network.

Investigations revealed that BCH’s Taiwanese subsidiaries, including Lianfan Company and seven other shell companies, purchased properties at Heping Dàyuán and obtained loans, funneling illegal overseas funds into accounts under Neil Company to pay large mortgage payments. All shell companies are registered at Heping Dàyuán, which owns 11 houses and 48 parking spaces, valued at over 3.814 billion NT dollars based on real estate transaction prices. The parking lots also contain various luxury cars.

The investigation shows that BCH established nine companies in Taiwan, including Taiwan BCH Real Estate Investment, Lianfan, Lianfan Second, Ruido, Bogu, Bogu Second, Chengshuo, Maiyu, and Mingwan. Additionally, Neil Innovation, Tianxu International Technology, and Haoyue Digital Technology are controlled by the group. These shell companies form a vast money laundering network, transferring illegal gambling and fraud proceeds from Cambodia into Taiwan, concealing funds through luxury property and vehicle purchases.

List of 12 BCH Companies in Taiwan

Real Estate Investment: Taiwan BCH Real Estate Investment, Lianfan, Lianfan Second, Ruido, Bogu, Bogu Second, Chengshuo, Maiyu, Mingwan

Technology Gambling: Neil Innovation, Tianxu International Technology, Haoyue Digital Technology

Yesterday, prosecutors mobilized police and investigators across 47 teams to conduct large-scale searches, detaining 25 members of the group, including key suspect Wang Yutang. Eleven defendants, including the group’s second-in-command Gu Shuwen, were transferred to Taipei District Prosecutors Office for further questioning. After overnight interrogation, prosecutor believed they involved violations of the Money Laundering Control Act, gambling, fraud, and organized crime statutes, with detention deemed necessary. Early this morning at 5:30, they applied to the court for detention without bail.

Core Figures in the 101 Building Gambling Empire and Tianxu Company

Prosecutors found that BCH Group developed its gambling business in Taiwan, with Tianxu International Technology as the core entity. They leased two floors of the Taipei 101 building to develop online gambling, recruiting Taiwanese tech engineers for gambling software development. Haoyue Company assists Tianxu’s customer service operations. This bold use of Taipei’s landmark building as a criminal base indicates BCH’s attempt to mask illegal gambling activities under the guise of legitimate businesses.

HR director Gu Shuwen, responsible for recruiting engineers, was detained after questioning, and prosecutors applied for her detention. Her direct supervisor, Chinese national Li Tian, is currently abroad and has not appeared. Tianxu’s responsible person Wang Yutang was also detained yesterday; interrogation was halted overnight, and he will be transferred for further questioning this afternoon, with possible detention. As the highest-ranking officer in Taiwan, Wang controls the entire gambling operation, and his arrest is crucial to dismantling BCH’s network in Taiwan.

Prosecutors believe that ten other members are also involved in money laundering, gambling, and fraud. They have been released on bail: engineer Zhang Zhining with 200,000 NT dollars, engineer Yang Binwei with 30,000 NT dollars, IT staff Jiang Zhigen with 50,000 NT dollars; core BCH personnel, including Chinese national secretary Liu Chunyu with 150,000 NT dollars, and Lin Yutun with 100,000 NT dollars; employee Lin Yingjie with 50,000 NT dollars and restrictions on leaving the country. Meanwhile, 14 suspects, including Wang Yutang, chose to suspend questioning overnight and will be brought back for further questioning on the morning of November 5.

Tianxu’s operational model reveals BCH’s meticulous division of labor. The company appears as a tech firm but is actually engaged in online gambling platform development. The recruited Taiwanese engineers may not fully understand the illegal nature of their work. This method of exploiting Taiwanese talent and technology for transnational crime not only threatens Taiwan’s legal order but also risks involving innocent technical personnel in criminal cases.

26 Luxury Cars Hidden and 470 Million NT Assets Seized

Following the US sanctions announcement in October, Wang Yutang of Tianxu involved staff in transferring luxury cars such as Rolls-Royce to car dealers Liu Shuhao and Liu Shurong through intermediaries. The cars were then driven and hidden in Neihu District, Taipei. Authorities recently located these vehicles. Prosecutors have applied to seize 26 luxury cars, including Rolls-Royce, McLaren, Ferrari, Porsche, and Mercedes-Benz, valued at over 477.58 million NT dollars. The concealment of these vehicles indicates BCH’s attempt to transfer assets after US sanctions, but law enforcement successfully recovered them.

Even more notably, the group purchased a vintage Bugatti worth approximately 100 million NT dollars. As a top-tier global supercar brand, a vintage Bugatti can be valued at 100 million NT dollars, illustrating the scale of illegal proceeds. These luxury cars serve not only as symbols of wealth but also as tools for money laundering, converting illicit gains into tangible assets that are easily liquidated or moved overseas.

The parked luxury cars form a mobile asset pool. When bank accounts are frozen, these vehicles can be quickly resold or shipped abroad. Wang Yutang’s immediate transfer and concealment of luxury cars after the sanctions announcement demonstrate BCH’s comprehensive asset protection strategy. However, Taiwan’s law enforcement acted swiftly to prevent asset flight.

Palau Resort and Transnational Crime Network

BCH invested in Palau, leasing islands long-term to build luxury resorts, involving employees in money laundering, gambling, and fraud. The three Taiwanese women—Huang Jie, Shi Tingyu, and Wang Leixuan—who are being transferred for further questioning this afternoon, are senior managers of BCH’s Palau operations. Authorities suspect these women assisted BCH in illegal gambling and fraud activities under the guise of Palau investments, with Wang Leixuan having already left the country.

As a Pacific island nation, Palau has relatively lax financial regulation, making it an ideal hub for transnational money laundering. BCH uses the legitimacy of resort investments to conduct illegal gambling and fraud operations. Combating this complex international criminal network requires cooperation among Taiwan, the U.S., and Palau. The OFAC sanctions list played a key role in cutting off BCH’s access to the international financial system.