New Zealander Tied to CCP Fails to Avoid Jail Time

Published on January 31, 2024

An Auckland woman given New Zealand’s longest sentence for money laundering—7½ years—has failed in her bid to remain out of jail until her appeal is heard. Ye “Cathay” Hu, aged 58, was jailed after a jury found her guilty of 15 money out of 19 laundering charges covering at least $18 million (US$11.9 million) which she had washed through her currency exchange business, Lidong Foreign Exchange, on behalf of an international drug cartel. In November, Judge David Sharp deferred the start of Ms. Hua’s sentence by 10 days on humanitarian grounds at the request of her then-lawyer who cited her need to arrange her affairs due to vulnerable and dependent family members....