Most-wanted sus­pect gets NZ home de­ten­tion

New Straits Times - - Business / World -

WELLING­TON: A China-born New Zealand ci­ti­zen on China’s most­wanted list was sen­tenced to five­month home de­ten­tion for money laun­der­ing yes­ter­day af­ter years of in­ves­ti­ga­tion by po­lice from both coun­tries.

The co­op­er­a­tion be­tween the two coun­tries comes as China seeks to drum up Western help in a cam­paign dubbed “Op­er­a­tion Fox Hunt” to track down cor­rup­tion sus­pects who have fled over­seas.

Busi­ness­man Wil­liam Yan last year struck a deal with po­lice to for­feit a record NZ$42 mil­lion (RM126 mil­lion) in as­sets al­legedly ob­tained through fraud in China, but did not ad­mit guilt at the time. He pleaded guilty yes­ter­day in Auck­land Dis­trict Court. Reuters

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.