Citizen Yan finances troubled Auckland housing development
A company linked to mysterious Chinese millionaire Yong Ming Yan, has taken over a first mortgage on the troubled Albany Heights development north of Auckland.
Mr Yan, also known as, Yang Liu, Bill Liu and several other aliases, became known as “Citizen Yan” when he obtained a New Zealand passport in 2005 with the help of previous Labour Party ministers.
Around the same time he was red-flagged by Interpol as a fugitive, wanted for alleged embezzlement.
Last year he was cleared of immigration fraud.