NZ citizen on China’s wanted list sentenced
Print Edition
A Chinese-born New Zealand citizen on China’s most-wanted list was sentenced to five months home detention for money laundering yesterday after years of investigation by police from both countries.
The cooperation comes as China seeks to drum up Western help in its “Fox Hunt” campaign to track down corruption suspects who have fled overseas.
Businessman William Yan last year struck a deal to forfeit a record NZ$42 million (US$29 million) in assets allegedly obtained through fraud in China, but did not admit guilt at the time. He pleaded guilty yesterday at Auckland District Court.
Home detention is the New Zealand equivalent of house arrest.
Yan is on China’s list of top 100 most-wanted international fugitives, and New Zealand Detective Senior Sergeant Craig Hamilton said in a statement that the case showed the effectiveness of New Zealand’s relationship with Chinese law enforcement agencies.
“It demonstrates we have the legislation and investigative capability to hold those to account who profit from offending overseas, even when they are living in New Zealand,” Hamilton said.
Yan’s lawyer said in an e-mail there were “issues that are to be taken up by Mr Yan with police regarding the contents of their press release”. He did not elaborate.
Police said almost NZ$28 million of the seized assets would go to China with New Zealand keeping the rest.
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