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Fraud and embezzlement by CEO led to failure of prominent Vancouver condo developer, majority owner claims

Coromandel Properties investor says more than $150 million was lost through Jerry Zhong’s misappropriation

Bethany Lindsay
Bethany Lindsay

7 May 2025 • 8 min read

Jerry Zhong, an East Asian man in glasses, a white shirt and a black suit jacket, smiles as he poses next to Takashi Murakami, who is wearing a blue octopus hat and suit.
Coromandel Properties CEO Jerry Zhong, left, poses with Japanese artist Takashi Murakami at a 2018 party to launch Murakami’s exhibit at the Vancouver Art Gallery. Zhong was a sponsor of the exhibit; he’s now facing allegations from the major investor into his company. (Photo courtesy of Fred Lee)

Bethany Lindsay
Bethany Lindsay

Bethany Lindsay is an award-winning investigative journalist who covers white-collar crime. She is based in Vancouver and previously reported for CBC News, the Vancouver Sun, and the Cambodia Daily.

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