Simon Lance

Bill Liu is in the news again, for all the wrong reasons

Bill Liu is in the news again after getting raided by the cops.

Jared Savage has the details:

Police have raided the luxury penthouse of a multimillionaire businessman granted citizenship in controversial circumstances and seized his assets because of alleged involvement in money laundering.

William Yan – also previously known as Bill Liu, Yang Liu and Yong Ming Yan – lives on the 35th floor of Auckland’s Metropolis tower. Residents saw detectives removing items from his home on Thursday.

Millions of dollars worth of assets the police allege belong to Mr Yan – although officially registered in other people’s names – have been seized, including the apartment, worth more than $2 million, a Mercedes-Benz, and shares and bank accounts.

Mr Yan has spent millions of dollars as a high roller in the SkyCity Casino VIP lounge.    Read more »