August 23 2016
The High Court has made the country’s single largest forfeiture – $42.85 million worth of assets to settle an alleged money-laundering case. The settlement is against controversial Chinese businessman William Yan, his wife Wei You and two associates.
Police said proceedings against the couple and associates Yingzi Zeng and Shui Yong Huang had been settled following discussions between the parties and approval by the High Court. Yan, 45, arrived in New Zealand in 2001 and court documents filed against him in 2012 listed various names and ages ranging from 39 to 42 years old. He also goes by the names of Bill Liu, Yang Liu and Yong Ming Yan.