New Zealand returns fugitive's assets to China

Updated 2017-05-11 10:01:02 Xinhua

New Zealand has returned the illegal gains of former fugitive Yan Yongming to China, according to Chinese police.

Auckland District Court on Wednesday imposed a sentence of five months home detention on Yan, also known as William Yan, for money laundering.

Before that, 27.8 million NZ dollars (about 19 million U.S. dollars) of Yan's assets had been returned to China, said a statement from China's Ministry of Public Security (MPS) on Wednesday.

Yan, former chairman of the pharmaceutical company Tonghua Golden-horse in northeast China's Jilin Province, had been in hiding in Australia and New Zealand since November 2001.

He was number five on China's top 100 fugitives listed in an Interpol "red notice" before returned to China on Nov. 12, 2016 to turn himself in.

Yan was sentenced to three years in prison with a three-year reprieve for embezzlement on Dec. 22, 2016. His illegal gains were also confiscated.

Given the fact that the New Zealand side had already charged Yan with money laundering before his return, Chinese police transferred him to New Zealand on Jan. 12, 2017 to stand trial there, said the statement.

So far, 40 fugitives on the Interpol red list have either voluntarily returned or been extradited to China, according to the MPS.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 24 2018 14:03:28

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 24 2018 14:03:28

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 24 2018 14:03:28

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords