Businessman faces money laundering charges
December 5, 2016 4:52 am
*A 53-year-old businessman appeared in the Suva Magistrates Court charged with one count of Obtaining Property by Deception and one count of Money Laundering.
It is alleged that between June 2014 and January 2016, Aidong Zhang through false sales and purchase agreement obtained over $1.2 million on the pretext of purchasing a property in Suva.
Defense Lawyer Avinesh Reddy made an application for bail however prosecutors objected saying Zhang may interfere with the witnesses and can be a flight risk.
Reddy argued that there’s been no evidence of Zhang interfering with the witnesses during the investigation for the past eight months.
Magistrate Makereta Mua will deliver her bail ruling on December 7th.