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Chinese businessman held in New York
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A CHINESE businessman from Macau has been charged in New York with smuggling more than US$4.5 million into the United States in cash over a two-year period, according to US authorities.
Ng Lap Seng, who made his fortune in real estate, was imprisoned without the possibility of release on bail along with his main collaborator Jeff Yin.
According to an FBI investigation report, Ng and Yin made 11 trips to the US between July 2013 and September 2015, each time bringing with them up to US$900,000.
In June 2014, for example, Ng is said to have landed in New York with a suitcase containing US$400,000, telling customs officials he intended to use the money to buy paintings and go gambling in Las Vegas.
Ng was previously linked to a Clinton-era Democratic party campaign finance controversy. He was never charged.
Meng Jianzhu, secretary of the Chinese Communist Party’s political and legal affairs commission, recently stressed the importance of clamping down on economic crime and corruption at a preparatory meeting ahead of President Xi Jinping’s US visit.
Earlier this month, Yang Jinjun, a former municipal official accused of corruption who had resided in the US for 14 years, was repatriated to China.
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