Most-wanted suspect gets NZ home detention
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