04 Jan 2017 19:00pm
WINDHOEK, 04 JAN (NAMPA) - First accused in the N.dollars 3.5 billion fraud case, Tao Huizhong, was not promptly informed of the reasons behind his arrest said his defence lawyer Sisa Namandje.
The 46-year-old Chinese man is one of three suspects arrested in December 2016 for alleged fraud, money laundering and tax evasion.
Tao and co-accused, Jinrong Huang, 31, and Julius Laurentius, 47, appeared in the Windhoek Magistrates Court on Wednesday for a formal bail application hearing.
During the hearing, Namandje made submissions before Magistrate Venatius Alweendo, that the warrant of arrest for Tao did not provide a detailed explanation of his arrest.
This charge sheet is completely useless because the police arrested my client without addressing them of what exactly they are accused of, stressed Namandje.
State Prosecutor, Rowan van Wyk opposed the granting of bail in the fear of the suspect leaving the country to evade prosecution, interfering in police investigation or committing other crimes.
The case was Tuesday postponed to Wednesday due to the unavailability of a Mandarin interpreter to communicate with the Chinese suspects.
Arguments in the bail hearing for Jinrong and Laurentius will be heard on Thursday.
Lawyer Louis Botes represented Laurentius.
Court was adjourned to Thursday morning.
The two Chinese men were arrested in Oshikango after police found N.dollars 3.5 billion cash stashed in a container at Ondangwa.
Laurentius is the owner of Extreme Clearing Custom Services in Walvis Bay and is allegedly an accomplice in the scam for transporting 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.