The Communist Party of China has amassed around $10 trillion across different countries through money laundering, misinvoicing and various other illicit means in the past two-and-a-half decades, however, it will be doomed following Washington’s sanctions on CCP leaders, a New York-based online paper, Vision Times has claimed.
The assertion comes in wake of US Department of Treasury’s announcement of sanctioning of the Xinjiang Uyghur Autonomous Region (XUAR) Public Security Bureau and four CCP officials under The Global Magnitsky Act for involvement in serious human rights abuses against ethnic minorities in Xinjiang.
As per the data and statistics, the online newspaper on its Youtube channel has said that the CCP Communist Party of China has amassed around $10 trillion across different countries and the accumulated money and assets are to be used by CCP leaders if the party collapses and they are forced to flee following an overwhelming public discontent.
Once the US takes action, all of the CCP’s overseas funds will be frozen or even confiscated by the US.
The ‘Ark of Doom’ or the ‘Sinking Ship’ plan of CCP was proposed in 1991 and was subsequently worked upon following unanimous approval from Central Advisory Committee. The party raised funds and properties across the globe under this effort.
“The US may also convince the EU, Australia, New Zealand, Canada, the UK, Japan and other countries to freeze the CCP’s overseas assets, putting the CCP officials’ efforts in vain”, said China Observer – Vision Times in its news documentary.
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