Court rules $10m US-China embezzlement case can be heard in NZ

A bid by a US company to chase money in New Zealand that was allegedly embezzled in China can be heard in this country, the Court of Appeal has ruled.

Los Angeles-based Americhip alleges Jason Charles Dean and his partner Zita Chan created dummy companies, skimmed proceeds off contracts and told Americhip to make payments to bank accounts with false identities of manufacturers.

Americhip claims it paid out roughly $US10 million to bank accounts controlled by Mr Dean and Ms Chan “by virtue of these and other deceits,” court documents say.

 

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