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Immigration Daily News Chinese national living in Australia under assumed identity has $4.2 million in assets forfeited to the CommonwealthAustralian Immigration Daily News
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Chinese national living in Australia under assumed identity has $4.2 million in assets forfeited to the Commonwealth
Three Victorian properties valued at $4.2 million were today forfeited to the Commonwealth by order of the Melbourne Supreme Court.
This is the first forfeiture action under the terms of the Joint Agency Arrangement (JAA) on economic crime cooperation between the Australian Federal Police (AFP) and the People’s Republic of China, Ministry of Public Security (MPS).
The AFP Criminal Assets Confiscation Taskforce (CACT) restrained the properties on 22 November 2018 as part of a proceeds of crime investigation into offshore funds allegedly being laundered in Australia by Chinese nationals.
The properties include houses in the Melbourne suburbs of Glen Waverley and Southbank, and part of a commercial facility in Oakleigh South valued at approximately $1.5 million.
It was alleged in court that the assets were listed as owned by a Chinese national operating under an assumed identity.
The 32-year-old subsequently left Australia and is believed to have relocated to the Caribbean.
Source: 4.2-million-in-assets-forfeited-to-the-Commonwealth.pdf
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