Chinese businessman guilty of $1.2m money laundering

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Picture: FILE

A CHINESE businessman has been found guilty by the High Court in Suva after Justice Salesi Temo concurred with the assessors unanimous guilty opinion and convicted Aidong Zhang of of obtaining property by deception and money laundering.

The court heard that the 53-year-old was found guilty on charges of obtaining property by deception and money laundering of $1.2m.

Between June 1, 2014 and January 31, 2016, Zhang had deceptively obtained property and engaged directly or in directly in money laundering in the amount of $1,240,740.74.

He had obtained the money by deception from the complainant who was 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 case will be called on September 16, 2019 for sentencing.

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