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Businessman guilty of money laundering ready to pay

September 23, 2019 12:45 pm

A 53-year-old Chinese businessman found guilty on charges of obtaining property by deception is ready to pay compensation.

Aidong Zhang has made arrangement for $840,000 to be paid however was instructed to arrange for another $160,000.

The Suva High Court stated that the amount when combined will be one million dollars which is payable to the complainant.

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The Judge said that restitution is part of the justice he has to provide to the complainant.

The defense has sought one weeks’ time to make necessary arrangements.

The court heard that between June 2014 and January 2016, Zhang deceptively obtained property and engaged in money laundering amounting to over $1.2 million.

He deceived his business partner on the pretext that a property was being sold at $5.5 million instead of its actual price of $3.3 million.

The accused has been further remanded with the case to be recalled this Friday.

 

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