Chinese businessman guilty of money laundering charge
August 16, 2019 3:00 pm
A Chinese businessman was found guilty on charges of obtaining property by deception and money laundering of $1.2 million.
Justice Salesi Temo at the Suva High Court yesterday concurred that Aidong Zhang, between 1st June 2014 and 31st January 2016, had deceptively obtained property and engaged directly or indirectly in money laundering amounting to$1,240,740.74.
The 53-year-old obtained the money by deception from the complainant who was his business partner on the pretext that property was being sold at $5.5 million instead of its actual price of $3.3million.
Justice Temo concurred with the assessors’ unanimous opinion of guilty, convicted Zhang accordingly.
The case will be called on 16 September 2019 for sentencing.