Stuff.co.nz, 19 Jan 2012A third person has been arrested in relation to Chinese company Natural Dairy (NZ) Holdings' failed bid to buy the Crafar farms in 2010.
New Zealand resident Eric Yee, a Singapore national also known as Yee Wenjye, has been charged in Hong Kong by the Independent Commission Against Corruption (ICAC) with one count of conspiracy to defraud.
He is accused of trying to defraud Natural Dairy (NZ) Holdings, fronted by May Wang, by claiming that the farms made a profit of $18.5 million in the year to May 2009 when they allegedly made a loss of around $30m. Full story
