Suspects in N$3.5 billion cash in container appear in court
29 Dec 2016 17:20pm
WINDHOEK, 29 DEC (NAMPA) Three suspects charged with fraud, money laundering and tax evasion of N.dollars 3.5 billion appeared in the Windhoek Magistrates Court on Thursday.
They were arrested about a week ago at Walvis Bay and Oshikango, respectively in connection with N.dollars 3.5 billion cash found stashed in a container in Ondangwa.
Tao Huizhong 46 and Jinrong Huang, 36 - both of Chinese descent but listed on the charge sheet as Namibian citizens made their second court appearances, while Julius Laurentius, 47, a native Namibian citizen, made his first appearance before Magistrate Verinao Kamahere.
A fourth suspect of Chinese descent but listed as a Namibian citizen on the charge sheet, 48-year-old Honggang Zhu, was arrested in Ondangwa and appeared before the magistrates court there on 22 December this year.
He was granted bail of N.dollars 500 000 the same day.
Laurentius is the owner of Extreme Clearing Custom Services in Walvis Bay and is allegedly an accomplice in the scam that transports goods without tax charges.
Tao and Jinrong allegedly attempted to defraud the Ministry of Finance through tax evasion by pretending the goods were imported at prices lower than what the actual transaction reflected.
Laurentius was represented by lawyer Louis Botes, while Tao and Jinrong were represented by Sisa Namandje.
Prosecutor Rowan van Wyk represented the State.
The case was postponed to 03 January 2017 for formal bail applications.
All three suspects remain in custody.