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29 Mar 2024 21:30
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  •   Home > News > Politics

    A seven year battle to seize a disgraced Auckland businessman's assets is finally over

    A seven year battle to seize a disgraced Auckland businessman's assets is finally over


    55-year-old Yat Ming Lau was jailed after he was linked to a drug importation scheme in 2013.

    NZ Herald reporter Sam Hurley says police have only just been able to get their hands on more than two-million-dollars of his assets.

    That includes the profits from the sales of properties in Remuera and Orakei - as well as a BMW M5 with a six figure sum.

    He says it's part the overall police campaign to seize half-a-billion-dollars worth of cash and assets by 2021 though the Criminal Proceeds Recovery Act.

    © 2024 Newstalk ZB, NZCity

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