$43 million from Citizen Yan

The Herald reports:

One of New Zealand’s most controversial citizens will forfeit nearly $43 million to the police following a money-laundering inquiry.

The Herald this morning revealed William Yan – also known as Bill Liu, Yang Liu and Yong Ming Yan – struck a deal as the final settlement in a civil case two years after the police raided his Metropolis penthouse.

Most of the settlement is secret but the police have now issued a press release with some of the key details.

“In accordance with the settlement, the High Court has made assets forfeiture orders in respect of property to the total value of $42.85 million.

“This is the single largest forfeiture that has occurred in New Zealand to date and is the first that relates to crimes alleged to have occurred in China.

“The activity underlying the forfeiture orders is alleged money laundering.”

“This settlement is a full and final settlement of the proceedings under the Criminal Proceeds (Recovery) Act without any admission of criminal or civil liability.”

Heh, there may not be an admission but you don’t get up $43 million unless they have you by the short and curlies.

The $43m settlement is the latest twist in a saga dating back to 2001 when Yan arrived in New Zealand.

He first made headlines for his links to the previous Labour government and the decision to give him a New Zealand passport, despite having multiple identities and an Interpol alert against his name.

Former Labour Minister Shane Jones overruled the advice of DIA officials, who said Yan did not meet the good character test for citizenship, following lobbying from Dover Samuels, a Labour MP at the time.

By coincidence he was a donor to various Labour Party MPs.

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