16 Feb 2017 14:20pm
WINDHOEK, 16 FEB (NAMPA) - Chinese businessman Jack Huang and his co-accused Tao Huizhong, Jinrong Huang, Zhu Honggang and Julius Laurentius made their second appearance in the Windhoek Magistrate's Court on Thursday.
Their fraud, tax evasion and money laundering case was remanded until 01 August 2017 in order for the police to complete their investigations into the case.
The five men were arrested over the past two months in connection with alleged tax evasion involving N.dollars 3.5 billion, fraud and money laundering.
There was some concern that Huang would not appear in court as he had left for neighbouring Angola via the Hosea Kutako International Airport on Monday to attend to his businesses there, but he returned to Namibia on Wednesday.
Huang, who is free on bail of N.dollars 1 million, was allowed to leave the country to attend to his other businesses in Angola and this was effected with the permission of the police investigating officer, and in accordance with the provisions attached to his bail conditions.
Namibian businessman Laurentius' stringent bail conditions were also on Thursday amended in court and he is now allowed to leave the country to attend to his businesses elsewhere, but he has to do so with the permission of the investigating officer.
Tao, Jinrong and Laurentius are all free on bail of N.dollars 1,5 million each.
Accused Honggang is free on bail of N.dollars 500 000, which was granted during his first appearance in the Ondangwa Magistrate's Court in the Oshana Region.
Lawyers Sisa Namandje represented the four Chinese nationals, while Dirk Conradie appeared for Laurentius.
Senior Public Prosecutor Rowan van Wyk defended the State on Thursday.
The five men's arrest comes after police investigations since 2013, targeting a string of companies owned primarily by Chinese businesspeople in Namibia.