Zim’s warrant of arrest haunts Chinese tycoon
Chinese national Yat Hoi Ning, who is accused of ripping off a mining company listed in London of US$2,76 million, has scored a lucrative deal from the South African government.
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Chinese national Yat Hoi Ning, who is accused of ripping off a mining company listed in London of US$2,76 million, has scored a lucrative deal from the South African government.
Arrest warrants have been issued by the Zimbabwean authorities for two former bosses of a London-listed mining company over an alleged fraud that has triggered a global manhunt.
Police have launched a manhunt for two senior officials from a local company, ASA Resource Group Plc, on allegations of defrauding Bindura Nickel Corporation Mine (Trojan Nickel Mine) in Bindura of more than $2,7 million. The two are Yim Chiu Kwan (63) and Yat Hoi Ning (61), who were ASA Resource Group’s finance director and chief executive respectively.
By Tinashe Makichi Asa Resources Plc, a product of a hostile take-over by Chinese investor, China International Mining Group Corporation from former Mwana Africa shareholders, is immersed in fresh controversy after its top managers are alleged to have designed an obscure web to ship out raw ore to China and also illegally move $4,3 million […]