Wellington: A Chinese millionaire with New Zealand citizenship and three other people have been ordered to hand over NZ$42.85mil (RM126mil) to the New Zealand and Chinese governments to settle money laundering charges.
The New Zealand Police said on Tuesday that a court order against controversial millionaire William Yan and Wei You, and two of Yan’s acquaintances, was the single largest court-ordered forfeiture ever in New Zealand. It was also the first that related to crimes alleged to have occurred in China, said a statement from the police.