UK Freezes $72 Million London Luxury Home Linked to Sanctioned Associate
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The UK has frozen a $72 million luxury home in London's Belgravia district, linked to Zhao Chen, who is married to Hu Xiaowei, an associate of the sanctioned 'Emirates Group'. Zhao Chen's assets were restricted due to her close relationship with Hu Xiaowei and their shared Cypriot citizenship. The property was purchased in October 2023. OCCRP's investigation revealed that Zhao Chen previously held shares in a company planning a 'blockchain resort' in East Timor, whose majority shareholder was also sanctioned for ties to the Emirates Group.
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