Seventh accused in N$3.5bn fraud

A Chinese-speaking Namibian citizen was yesterday added as the seventh accused in the N$3.5-billion tax evasion, fraud and money-laundering case involving a prominent Chinese businessman, four of his countrymen and another Namibian.The 46-year-old woman, Hongyin Jia, allegedly arrested at the Hosea Kutako International Airport as she was coming back from a foreign trip, after a brief appearance, was granted N$500 000 bail. Chinese nationals paid the bail amount in cash.The five other accused who earlier appeared before the court are the millionaire businessman Yuigua Haung, also known as Jack Huang, who is free on N$1 million bail, Tao Huizhong, Jinrong Huang, and Julius Laurentius who were each granted N$1.5 million bail and Zhu Honggang, who is out on N$500 000 bail.Zhu is the owner of Glory Building Material Supply in Ondangwa and is said to be a Namibian national.Jack Huang was arrested at Hosea Kutako International Airport before he could board a plane for Angola, where he allegedly has numerous business interests. Though he was ordered to hand over all his travel documents to the investigating officer in the case, Huang must ask permission from the investigating officer if he wishes to travel abroad.He is accused of fraud and of contravening section 6 of the Prevention of Organised Crime Act, which deals with the acquisition, possession or use of the proceeds of crime.Laurentius is the owner of the company Extreme Clearance Services at operating at Walvis Bay. It was alleged that he committed the N$3.5-billion fraud and tax evasion through the company and consequently his assets were frozen.However, last week he succeeded with a court order allowing him to be at liberty to utilise his accounts at Nedbank, First National Bank, Bank Windhoek and Capricorn Asset Management as he deems appropriate for 90 days.The seven people together are accused of tax evasion, fraud and money laundering involving N$3.5 billion. During the appearance of the first three suspects Huizhong, Jinrong Huang, and Laurentius, the State informed that there were 27 more persons of interest to be traced and added to the case.The recommended stringent bail conditions by the Control State Prosecutor Hans Tourob were granted by the court.Jia who resides at Oshikango may not leave the town without the knowledge of the unit commander at that town and the investigating officer, Commissioner Shimutukweni, in Windhoek.She must also report every Wednesday between 15:00 and 17:00 to the police station and must hand over her travel documents to the investigating officer. FRED GOEIEMAN

Seventh accused in N$3.5bn fraud

Comments

Namibian Sun 2025-11-18

Please login to leave a comment

Seventh accused in N$3.5bn fraud

Comments

Namibian Sun 2025-11-18

Please login to leave a comment

Subscription Required to Access Content ×

Login

Subscription Required to Access Content